Essential Auction News
|
Welcome to February's newsletter giving an overview of January's results and preceding periods. January has always been a relatively quiet month for auctions, but looking through past newsletters (view here), the effect of the changing market conditions are all to evident. In January 2007, 582 lots were offered, of which 82% sold raising £63.3m. Move the clock on 3 years and in January 2010 the figures were 324 lots offered of which 62% sold raising £22.3m.
The good news is that the trends that we have started to see over the last few months were evident in January 2011 with 521 lots offered (up 60%), almost 64% selling (up 3%) and raising £25.9m (up 15.8%). Whilst only a handful of auctions were held, hopefully it bodes well for 2011. Kind regards David Sandeman Managing Director davids@eigroup.co.uk |
National Auction Analysis
| As reported above the declines in numbers that we have seen over the past 3 years have been arrested or reversed. Overall on a year on year basis the lots offered was up 8.3% and lots sold steady with an increase of 0.7%. The amount raised only slipped 2.4%. In the residential market both lots offered and sold were up, with the amount raised being only £442,000 down on the preceding year.
This month will see most of the major auction houses hold a sale and next month's newsletter will give a good indication as to how 2011 will fare. |
Total
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January 2011 | January 2010 | Increase | November 2010 - January 2011 | November 2009 - January 2010 | Increase | February 2010 - January 2011 | February 2009 - January 2010 | Increase | |
| Lots Offered | 521 | 324 | 60.8% | 5,914 | 5,627 | 5.1% | 31,659 | 29,235 | 8.3% |
| Lots Sold | 333 | 201 | 65.7% | 3,915 | 3,828 | 2.3% | 22,128 | 21,973 | 0.7% |
| Percent Sold | 63.9% | 62% | 3.1% | 66.2% | 68% | -2.6% | 69.9% | 75.2% | -7.0% |
| Total Raised | £25,902,390 | £22,367,050 | 15.8% | £557,900,395 | £608,742,634 | -8.4% | £3,355,134,704 | £3,438,804,896 | -2.4% |
Residential
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January 2011 | January 2010 | Increase | November 2010 - January 2011 | November 2009 - January 2010 | Increase | February 2010 - January 2011 | February 2009 - January 2010 | Increase | |
| Lots Offered | 490 | 303 | 61.7% | 4,943 | 4,476 | 10.4% | 25,459 | 23,554 | 8.1% |
| Lots Sold | 317 | 187 | 69.5% | 3,239 | 3,019 | 7.3% | 17,654 | 17,619 | 0.2% |
| Percent Sold | 64.7% | 61.7% | 4.9% | 65.5% | 67.4% | -2.8% | 69.3% | 74.8% | -7.4% |
| Total Raised | £24,873,790 | £20,472,800 | 21.5% | £368,023,363 | £384,738,534 | -4.3% | £2,228,022,810 | £2,228,464,044 | 0.0% |
Commercial
| Last Month | Last Quarter | Last Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January 2011 | January 2010 | Increase | November 2010 - January 2011 | November 2009 - January 2010 | Increase | February 2010 - January 2011 | February 2009 - January 2010 | Increase | |
| Lots Offered | 25 | 21 | 19.0% | 971 | 1,151 | -15.6% | 6,197 | 5,681 | 9.1% |
| Lots Sold | 13 | 14 | -7.1% | 676 | 809 | -16.4% | 4,474 | 4,354 | 2.8% |
| Percent Sold | 52% | 66.7% | -22.0% | 69.6% | 70.3% | -1.0% | 72.2% | 76.6% | -5.7% |
| Total Raised | £704,600 | £1,894,250 | -62.8% | £189,877,032 | £224,004,100 | -15.2% | £1,127,111,894 | £1,210,340,852 | -6.9% |
Regional Auction Analysis
| As is usually the case, variations across all the measurable parameters can be seen across the regions. |
East Anglia
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 168 | 184 | -8.7% |
| Lots Sold | 112 | 144 | -22.2% |
| Percent Sold | 66.7% | 78.3% | -14.8% |
| Total Raised | £14,188,250 | £23,741,350 | -40.2% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 143 | 131 | 9.2% |
| Lots Sold | 93 | 100 | -7.0% |
| Percent Sold | 65% | 76.3% | -14.8% |
| Total Raised | £10,380,250 | £10,225,850 | 1.5% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 25 | 53 | -52.8% |
| Lots Sold | 19 | 44 | -56.8% |
| Percent Sold | 76% | 83% | -8.4% |
| Total Raised | £3,808,000 | £13,515,500 | -71.8% |
East Midlands
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 446 | 429 | 4.0% |
| Lots Sold | 332 | 297 | 11.8% |
| Percent Sold | 74.4% | 69.2% | 7.5% |
| Total Raised | £37,041,895 | £33,239,700 | 11.4% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 376 | 326 | 15.3% |
| Lots Sold | 284 | 234 | 21.4% |
| Percent Sold | 75.5% | 71.8% | 5.2% |
| Total Raised | £24,707,045 | £20,823,200 | 18.7% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 70 | 103 | -32.0% |
| Lots Sold | 48 | 63 | -23.8% |
| Percent Sold | 68.6% | 61.2% | 12.1% |
| Total Raised | £12,334,850 | £12,416,500 | -0.7% |
London
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 547 | 672 | -18.6% |
| Lots Sold | 425 | 538 | -21.0% |
| Percent Sold | 77.7% | 80.1% | -3.0% |
| Total Raised | £143,656,501 | £169,272,700 | -15.1% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 461 | 567 | -18.7% |
| Lots Sold | 356 | 453 | -21.4% |
| Percent Sold | 77.2% | 79.9% | -3.4% |
| Total Raised | £94,545,000 | £108,683,700 | -13.0% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 86 | 105 | -18.1% |
| Lots Sold | 69 | 85 | -18.8% |
| Percent Sold | 80.2% | 81% | -1.0% |
| Total Raised | £49,111,501 | £60,589,000 | -18.9% |
North-East
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 645 | 437 | 47.6% |
| Lots Sold | 292 | 195 | 49.7% |
| Percent Sold | 45.3% | 44.6% | 1.6% |
| Total Raised | £23,704,043 | £20,576,102 | 15.2% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 607 | 413 | 47.0% |
| Lots Sold | 271 | 185 | 46.5% |
| Percent Sold | 44.6% | 44.8% | -0.4% |
| Total Raised | £21,088,043 | £13,956,602 | 51.1% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 38 | 24 | 58.3% |
| Lots Sold | 21 | 10 | 110.0% |
| Percent Sold | 55.3% | 41.7% | 32.6% |
| Total Raised | £2,616,000 | £6,619,500 | -60.5% |
North-West
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 821 | 846 | -3.0% |
| Lots Sold | 541 | 552 | -2.0% |
| Percent Sold | 65.9% | 65.2% | 1.1% |
| Total Raised | £53,010,226 | £45,086,401 | 17.6% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 665 | 706 | -5.8% |
| Lots Sold | 442 | 461 | -4.1% |
| Percent Sold | 66.5% | 65.3% | 1.8% |
| Total Raised | £37,142,426 | £31,277,701 | 18.8% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 156 | 140 | 11.4% |
| Lots Sold | 99 | 91 | 8.8% |
| Percent Sold | 63.5% | 65% | -2.3% |
| Total Raised | £15,867,800 | £13,808,700 | 14.9% |
North-West Home Counties
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 241 | 273 | -11.7% |
| Lots Sold | 177 | 181 | -2.2% |
| Percent Sold | 73.4% | 66.3% | 10.7% |
| Total Raised | £45,640,876 | £47,039,900 | -3.0% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 187 | 172 | 8.7% |
| Lots Sold | 137 | 120 | 14.2% |
| Percent Sold | 73.3% | 69.8% | 5.0% |
| Total Raised | £26,504,600 | £25,905,000 | 2.3% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 54 | 101 | -46.5% |
| Lots Sold | 40 | 61 | -34.4% |
| Percent Sold | 74.1% | 60.4% | 22.7% |
| Total Raised | £19,136,276 | £21,134,900 | -9.5% |
Scotland
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 233 | 245 | -4.9% |
| Lots Sold | 95 | 120 | -20.8% |
| Percent Sold | 40.8% | 49% | -16.7% |
| Total Raised | £9,713,220 | £12,649,045 | -23.2% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 192 | 199 | -3.5% |
| Lots Sold | 74 | 86 | -14.0% |
| Percent Sold | 38.5% | 43.2% | -10.9% |
| Total Raised | £4,569,620 | £5,362,645 | -14.8% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 41 | 46 | -10.9% |
| Lots Sold | 21 | 34 | -38.2% |
| Percent Sold | 51.2% | 73.9% | -30.7% |
| Total Raised | £5,143,600 | £7,286,400 | -29.4% |
South-East Home Counties
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 748 | 761 | -1.7% |
| Lots Sold | 540 | 560 | -3.6% |
| Percent Sold | 72.2% | 73.6% | -1.9% |
| Total Raised | £82,812,851 | £102,286,956 | -19.0% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 592 | 574 | 3.1% |
| Lots Sold | 419 | 426 | -1.6% |
| Percent Sold | 70.8% | 74.2% | -4.6% |
| Total Raised | £51,472,551 | £71,026,256 | -27.5% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 156 | 187 | -16.6% |
| Lots Sold | 121 | 134 | -9.7% |
| Percent Sold | 77.6% | 71.7% | 8.2% |
| Total Raised | £31,340,300 | £31,260,700 | 0.3% |
South-West
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 422 | 465 | -9.2% |
| Lots Sold | 309 | 345 | -10.4% |
| Percent Sold | 73.2% | 74.2% | -1.3% |
| Total Raised | £45,324,800 | £55,628,100 | -18.5% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 327 | 333 | -1.8% |
| Lots Sold | 232 | 240 | -3.3% |
| Percent Sold | 70.9% | 72.1% | -1.7% |
| Total Raised | £27,856,550 | £33,872,600 | -17.8% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 95 | 132 | -28.0% |
| Lots Sold | 77 | 105 | -26.7% |
| Percent Sold | 81.1% | 79.5% | 2.0% |
| Total Raised | £17,468,250 | £21,755,500 | -19.7% |
Wales
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 398 | 331 | 20.2% |
| Lots Sold | 271 | 219 | 23.7% |
| Percent Sold | 68.1% | 66.2% | 2.9% |
| Total Raised | £20,246,898 | £22,575,800 | -10.3% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 329 | 280 | 17.5% |
| Lots Sold | 226 | 181 | 24.9% |
| Percent Sold | 68.7% | 64.6% | 6.3% |
| Total Raised | £15,011,103 | £14,170,200 | 5.9% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 69 | 51 | 35.3% |
| Lots Sold | 45 | 38 | 18.4% |
| Percent Sold | 65.2% | 74.5% | -12.5% |
| Total Raised | £5,235,795 | £8,405,600 | -37.7% |
West Midlands
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 567 | 493 | 15.0% |
| Lots Sold | 362 | 337 | 7.4% |
| Percent Sold | 63.8% | 68.4% | -6.7% |
| Total Raised | £37,837,150 | £40,937,580 | -7.6% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 476 | 387 | 23.0% |
| Lots Sold | 305 | 268 | 13.8% |
| Percent Sold | 64.1% | 69.3% | -7.5% |
| Total Raised | £25,432,650 | £26,030,330 | -2.3% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 91 | 106 | -14.2% |
| Lots Sold | 57 | 69 | -17.4% |
| Percent Sold | 62.6% | 65.1% | -3.8% |
| Total Raised | £12,404,500 | £14,907,250 | -16.8% |
Yorkshire and The Humber
| Total | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 608 | 476 | 27.7% |
| Lots Sold | 429 | 332 | 29.2% |
| Percent Sold | 70.6% | 69.7% | 1.3% |
| Total Raised | £42,679,585 | £35,270,500 | 21.0% |
| Residential | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 518 | 373 | 38.9% |
| Lots Sold | 370 | 257 | 44.0% |
| Percent Sold | 71.4% | 68.9% | 3.6% |
| Total Raised | £27,269,425 | £22,965,950 | 18.7% |
| Commercial | |||
|---|---|---|---|
| November 2010 - January 2011 | November 2009 - January 2010 | Increase | |
| Lots Offered | 90 | 103 | -12.6% |
| Lots Sold | 59 | 75 | -21.3% |
| Percent Sold | 65.6% | 72.8% | -9.9% |
| Total Raised | £15,410,160 | £12,304,550 | 25.2% |
Your Comments
| If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime. |