EIG November 2017 Newsletter - Essential Auction News
Publish Date: 15 November 2017
By Beth Fox
Further reading
Welcome to the November newsletter:
Looking back at auction activity in October and preceding periods
Whilst the figures below are dominated by large double-digit rises - notably the 14% and 16% increases in lots offered and sold respectively and 30% rise in total revenues - it should be noted that several major residential auctioneers held their Autumn auction in October this year compared to November last year.
Overall Statistics October 2017
Auctions Held in the UK 127
Total Lots Offered 3,642
Total Lots Sold 2,721
Percent Sold 74.7%
Total Realised £577,945,396
National Auction Analysis
As mentioned above, last month's figures are somewhat skewed because of the auction dates chosen by several major residential auctioneers. If we discount these auctions, and those held by 6 major auctioneers which held an auction in October last year and their corresponding auction in November this year, we can see that the overall amount raised climbed from £410M in October 2016 to £479M in October 2017 - a rise of 17%.
A word from the editor:
I am proud to annouce the Essential Information Group recently won the Silver award for "Supplier of the Year: Technology" at this year's Negotiator Awards. We are honoured to receive the award, especially given the quality and number of other entrants, and I am delighted for the whole team who work tirelessly to deliver essential services to the auction industry.
As ever I would welcome any comments or feedback you may have regarding the newsletter or indeed the wider market in general.
Kind regards,
David Sandeman
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