Sellers at Barnard Marcus’s July auction last week experienced a mixed bag as the success rate fell to 65%.
Barnard Marcus reported that it sold 156 of the 242 lots offered in the catalogue at its auction on 30 July in Covent Garden, WC2, raising a total of £23.6m.
The auctioneer said that the catalogue was its largest-volume auction sale since March 2018 and the largest number of lots sold since May 2018. However, the amount raised remained lower than the previous month.
Last year, at its July sale, Barnard Marcus Auctions raised £19.8m from selling 129 of the 191 lots offered, equating to a success rate of 68%.
Highlights of the auction included a ground-floor, unmodernised flat in Maida Vale, W9 (pictured), which sold for £525,000, and a first-floor apartment in Marylebone, W1, which sold for £700,000.
Unsold lots included a three-storey mews house in Paddington, W1, which attracted bids of over £1m, a six-bedroom house in Tadworth, Surrey, which attracted bids of £1.7m, and a leisure centre in High Wycombe, Buckinghamshire, which attracted bids of £1.3m.
The Empress Swimming Pool in Chatteris, Cambridgeshire, again failed to meet its reserve after being offered in the Barnard Marcus May and June sales. Having turned down bids of £261,000 at previous auctions, the property is currently available at £195,000.
Barnard Marcus Auctions’ next sale will take place on 9 September at the Grand Connaught Rooms, WC2.
