Countrywide stock helps Auction House hit new sales record

Auction House London is celebrating selling the largest number of lots it has ever sold in a single auction, along with its highest-ever priced property.

In its last sale on February 22 - when for the first time it was handling auction stock on behalf of Countrywide - the company raised almost £21,806,250 by selling 85 lots, including the star lot of the day, a six-bedroom semi-detached Victorian house in St John’s Wood, which sold above its £3m guide price for £3.25m.

Last month we reported that Countrywide’s London properties would in future to be sold via the Auction House UK company; lots that were due to go to a Countrywide auction on February 14 were diverted to Auction House's event on February 22.

“Our star lot, 14 Wellington Road in St John’s Wood, is the highest-priced lot we’ve ever sold under the hammer and was purchased by an owner occupier at a price above the predicted sale price of several local agents - which just goes to show that this type of high-end property can do just as well at auction as the more traditional lower value stock” says auctioneer Andrew Binstock.

The partnership deal with Countrywide means that Auction House London will now sell all its auction properties listed in the capital. “This arrangement applies to our forthcoming sale in April, but also a further five sales in May, July, September, November and December this year. It’s a really exciting development which continues to add quality properties to our catalogues” says Binstock.