BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan
ANDREW REFLECTS ON OUR FEBRUARY AUCTION
“Back In The Saddle” It always seems a long time from our December sale to February, but we certainly started with a whopper! Having run The London Marathon in younger years I am used to long periods of effort rewarded by the elation of reaching the finishing line. The first auction of 2024 turned out to be just such an event, a real Auction Marathon as I was standing at the rostrum for nearly two hours! Hardly surprising as we had an eclectic catalogue of over 60 Lots on offer from Bath, Bristol, Gloucester, Taunton, and The Forest of Dean. Lot one, a property in Argyle Street in need of modernisation, immediately set the trend for the evening. The screen was full of on-line bidders, all the telephone lines were in operation, and, in addition, there were some proxy bids to handle as well. The bidding opened at the guide price of £150,000 and after some frenetic action, during which the telephone bidders found it difficult to keep pace, I was finally able to bring the gavel down at an amazing £260,000. A strong market for properties with potential The demand for the ubiquitous terraced period property is always ‘a given’ and such instructions are always much appreciated by auctioneers! Indeed, many of the Lots on offer were absolute gems and the enthusiasm shown for the first lot was replicated throughout the evening and not just restricted to Bristol. A first floor flat in need of a facelift situated in one of the classical Bath terraces soared past its guide price of £150,000 to sell at £259,000. All of this proves that, despite the less than cheering headlines, there is a very strong market for properties with potential. With a total of just over £7m raised from the evening I returned home, exhausted, but delighted that I was ‘back in the saddle’ and that the 2024 auction season had started so momentously! A quick rest before the same expectations for the March and April auctions. What fun! Andrew Morgan MBE . AUCTIONEER
02 2024
2024 RESULTS
% SUCCESS RATE £m TOTAL RAISED 02
95
6
7.01
17.6 % 35 #
AVERAGE ABOVE GUIDE
LOTS SOLD
indeed, many of the lots on offer were absolute gems…” “ hollis morgan | the results speak for themselves
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