Sellers auctioning off property at Barnard Marcus’s June auction last week experienced mixed results, as the success rate fell to 61%.
Barnard Marcus reported on its website that it had sold 97 of the 207 lots offered in its catalogue in the ballroom at its auction on 25 June in Covent Garden, WC2.
The auctioneer sold another 19 lots prior to the auction, raising £24m from the total 127 lots sold.
Highlights from the auction included a 1,400 sq ft mews building in Notting Hill, W11, recently used as retail space and offices, which sold for £1.2m and a former Grade II listed Methodist chapel in the village of North Petherwin, Cornwall, which sold for 21,000.
Two of the swankiest lots – an apartment in the upmarket Knightsbridge apartment block in Knightsbridge, SW7, which had a guide price of £1.4m and a flat in Lowndes Square, SW1 – were withdrawn prior to the auction.
Unsold lots included the Empress Swimming Pool in Chatteris, Cambridgeshire, which was offered with a guide price of £220,000 but failed to meet its reserve. The property had already been auctioned by Barnard Marcus the previous month when it attracted bids of £261,000.
The news comes a week after Essential Information Group reported that Brexit uncertainty was continuing to spook the market in May, with total amounts raised down 24.3% and total lots offered down 14.8% compared with a year earlier.
Barnard Marcus’s next auction will take place on 30 July at Grand Connaught Rooms, Great Queen Street, WC2.
