auction room

Winkle began to dream that he was at a club, and that the members being very refractory, the chairman was obliged to hammer the table a good deal to preserve order; then he had a confused notion of an auction room where there were no bidders, and the auctioneer was buying everything in; and ultimately he began to think it just within the bounds of possibility that somebody might be knocking at the street door.

Gupreet Bassi, chief executive of Bond Wolfe Auctions, said: "It's highly unusual to start auction lots with a reserve price of nil and we're expecting intense interest in the auction room on the day.

The 1958 painting went under the hammer well in excess of its guide price, at the Portcullis Auction Room in Ludlow.

SET DATES If you need to sell your property quickly, with no complications, the auction room is the place for you.

The lot was for sale for the first time in many years so there was a sense of anticipation in the auction room at Chester Racecourse on February 27 when it sold for PS55,000 from a guide price of PS20,000+.

A good range of ground rent investments, which have traditionally been popular in the auction room, are also included in the March catalogue.

This is consistent with the auction room throughout 2017, which has seen a record number of high-value lots offered in the wake of strong demand from private investors, who spent PS156.5m at the last sale in October.

Allsop's fifth commercial auction of 2017 will feature more than 40 high value lots offered at PS1m and above, 14 of which are priced at PS2m+ as the auction room responds to investor demand.

"And it was definitely the sale of the century!" With a total of 30 lots in the catalogue, several were sold prior to auction, and 21 lots were offered for sale live in the auction room. Additional car parking arrangements had to be made with adjoining properties to assist with the number vehicles arriving.

ALISON JONES investigates the weird and wonderful world of the auction room...

Venmore has appointed a new auction and commercial director - Geoff Guest - who said: "For our last auction of the year, we are expecting a packed-out auction room.

There was a tremendous amount of interest in the auction room and there were at least nine telephone bidders," said a spokesman.