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Graham Awards


Hammered! Flying start for online auctions in 2022

Auction House London has sold the highest number of lots in one sale in over a year, at its first auction of 2022.

A record 1,339 bidders were registered to take part in the livestream sale which saw 90 per cent of lots sold raising £24,866,699.

Auctioneer and director of Auction House London, Andrew Binstock says: “The market continues to remain incredibly strong with demand for property extremely high. Imagine trying to fit more than 1300 people into one auction room.


“That’s why our livestream sales work so well, giving buyers the ability to take part online, while still having all the benefits of a live auctioneer conducting the bids in real time.”

Binstock adds: “Unmodernised homes and land are proving extremely popular with buyers, and properties are regularly selling above their agreed reserve price. Competition is so strong at the moment – which means it’s the perfect time to sell in the competitive arena of an auction room. There seems no end to the appetite from buyers and it’s definitely a sellers’ market.”

The company says there are more users than ever of its website – from 1.6m in 2019 to 2.4m in 2021 – and a greater proportion of younger people are accessing the group’s services online.

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    Auction House East Anglia had a similar auction a couple of weeks ago with similar results.


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