Birmingham-based Bond Wolfe Auctions raised more than £111m through sales this year, a 36% increase on 2019, its debut year as an auction house.
The auctioneer offered 1,135 lots during 2020, with an average success rate of 94%.
Chief executive Gurpreet Bassi said: “We started 2020 with real optimism following the success of our first year in which we raised over £81.4m. In February, we held the largest ever Midlands auction, raising more than £20.2m, with 203 lots sold and a 96% sale rate.”
Then Covid hit, said Bassi, and he made the decision to cancel Bond Wolfe’s May auction.
“While we could have held live-streamed auctions via our website, it was more important to put the health of my staff before profits,” he said. “I also felt it was ethically the best decision with potential purchasers not being able to view properties, which would have had a detrimental effect on the prices we achieved. But after lots of planning, hard work, early mornings and very late nights, we held our first live-streamed-only auction on 24 June.”
Since then the auction house has held its auctions online. It first auction of the new year takes place, online, on 17 February.
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