Online auction house BidX1 has launched its first UK online auction following its acquisition of London-based auctioneer Andrews & Robertson.
This is part of what BidX1 calls an ‘omni-channel’ strategy - meaning both physical and online auctions will be staged by the company.
The 67-lot catalogue for the auction on March 7, which includes residential and commercial properties, is expected to attract international bidders as well as domestic investors.
The event marks the official launch of BidX1, Ireland’s largest property auction house, into the UK market.
“Vendors have been attracted by the prospect of a wider target pool of buyers than is possible through traditional auctions. Our secure site ensures the democratisation of the auction process, with buyers relishing the prospect of a more transparent process as well” claims BidX1 founder Stephen McCarthy.
In the UK, BidX1’s online auctions will run alongside Andrews & Robertson’s continuing in-room auctions, the next of which is a 78 lot auction which takes place later this week.
The company says this combination creates ‘an omni-channel auction powerhouse’.