HM 2024 Review

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR MAY AUCTION

“A bit of a carousel” Traditionally May is one of the busiest months of the year and the time when we host our most successful auctions, however, with a late spring, terrible weather, local elections, not to mention a war or two, the spring/early summer property rush seems to have been delayed by a month so that May was a more modest affair than usual but the June auction looks to be “ bust’n out all over ” to quote from the famous musical Carousel. In fact, the whole property market is a bit of a carousel, a round about of giddying opportunities flashing, temptingly, before potential buyer’s eyes. Interestingly, especially in an election year, it takes the more determined buyers to decide to jump off the carousel and buy something. This is precisely what we saw in the May auction – professional buyers made pre-auction offers sufficiently good to tempt slightly nervous vendors whilst those looking for family homes still hanging on tightly to the high horses before deciding to jump in. In such obvious cases we often extend the marketing period to give them a little more time to become comfortably re-

05 2024

assured before making a large commitment. Always lovely surprises to be enjoyed…

Operating in this price conscious market requires a skill which can only be obtained by years of experience in the vicissitudes of the marketplace – a milieu which I love and, of course, in the auction world there are always lovely surprises to be enjoyed. As usual this came in a 16’x8’ lock up garage in Clifton with a tempting price guide of £25,000 the bidding raced along in £2,000 bids to a very jolly £64,000. Proving, once again, small is beautiful and, although not architecturally stunning, garages are gorgeous investments. Altogether a very satisfactory evening, testing the skills and doing what every good auctioneer should be doing and as Rogers and Hammerstein did before me “keeping the carousel going at a higher and higher speed”. A 100% success rate entitled me to my usual slug of red wine and an early night before the June jamboree! Andrew Morgan MBE . AUCTIONEER

2024 RESULTS 100 2.29

% SUCCESS RATE £m TOTAL RAISED 05

12

2.78 %

AVERAGE ABOVE GUIDE

12 #

LOTS SOLD

small is beautiful and garages are gorgeous investments…” “

hollis morgan | the results speak for themselves

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