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AUCTIONnews


RESULTS


Network Auctions house – 91 per cent above reserve!


Network Auctions’ July sale was highly successful with 27 lots being sold from the 35


offered, producing an excellent 78 per cent sales success rate. The July auction featured a wide range of property from across England and Wales, with one property in Tenby demonstrating the strength of the auction process and Network Auctions’ partnership approach. The Tenby property was placed in the auction by Network Auctions’ partner Network Auctions Wales and had a reserve price of £49,000. The property had clearly benefited from the local marketing and Network Auctions national exposure as when it was offered in the London auction room the bidding was frenzied. A number of telephone bidders from the local Tenby area together with bidders in the auction room bid the price up to


£93,500 before auctioneer Guy


Charrison


COMPETITION


Are you the UK’s best Auctioneer?


The NAVA Auctioneer of the Year Competition 2012 will take place at the Stratford Manor Hotel in Stratford upon Avon on 26th September. This is a great chance for novice auctioneers to put their skills to the test. It is open to all members of NAVA and to those who work for members of the Association, or of the National Federation of Property Professionals (NAEA, ARLA, ICBA). In this event, ‘novice’ means


the entrant must have never sold at auction or only sold at one auction, or conducted their first auction in the 12 months leading up to 26th September. Entrants will be asked to provide


‘The sale in Tenby shows the power of our network.’


brought the gavel down on the sale, which was 91 per cent above the reserve. Network Auctions Director


Toby Limbrick (pictured left) said, “The sale in Tenby showed the power and value of our network with our partner agent Network Auctions Wales working closely alongside ourselves to deliver a first class service and result for the client.” Auctioneer and Network Auctions Director Guy


Charrison was delighted, “We had several lots where we had a number of bidders both in the room and on the telephone. This created a great atmosphere and some excellent sales were made.” “The River Room at the Glaziers Hall is a great venue with its central location, easy access and stunning views over the River Thames. We are seeing a significant increase in buyers as a result of moving our sales to this iconic venue.” Network Auctions next


auction will be on September 12th at the Glaziers Hall. www.networkauctions.co.uk


The Auction People signs Reeds Rains PARTNERSHIPS


Residential auctioneer The Auction People has announced it has signed up national estate agent, Reeds Rains to its new auction service. The Auction People, which is the residential arm of Newton-le- Willows based property auctioneer, Pugh and Co, will now be offering Reeds Rains customers an alternative route to selling a property across its network. Paul Thompson from The Auction People, which holds regular auctions throughout the North of England including at Manchester United Football Club where the most recent auction


agents are seeing auctions as an important aspect of their business. Our partnership benefits both the agent and its customers.” Pugh and Co, which has over 20


netted £5.8m, said, “We are delighted Reeds Rains has joined our partner agent scheme and we look forward to working with the team. “We have seen consistent growth in our residential auctions over the last 12 months and


years of experience in delivering a property auction service to a wide range of customers, holds 28 auctions per year in Manchester, Leeds, Liverpool and Newcastle. Reeds Rains’ regional director, Omar Binder said, “We’ve established a great partnership with The Auction People, one of the country’s leading national property auction houses and we’re looking forward to delivering a professional new auction service


for our Reeds Rains customers. “This new service is a very


welcome addition to our existing range of property and financial services. In a difficult market, we are agile and experienced enough to know that we have to be able to offer our customers a diverse range of marketing tools and channels. As well as our new auction service and choice of innovative sales packages; we also offer flexible rental options, a wide range of competitive mortgage solutions and conveyancing services; providing a one stop property shop, which makes things a lot simpler.”


PROPERTYdrum AUGUST 2012 57


details of a sponsor (Normally their employer or company principal) who will confirm that they are a novice. Entry is free, but numbers are limited. To enter call NAVA on 0845 250 6004 or email: info@nava.org.uk


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