PSB Auctions: Auction Victory

£2.25 million worth of properties sold with a garage being the star of the show!

Parsons Son & Basley’s latest auction, like those preceding it during 2017 have proved to be nothing other than a rousing success with, as the sub headline suggests, a garage in Bognor Regis being the star of the show! From a guide of £20,000 to £25,000 and from receiving no less than 87 bids, the final selling price reached an unprecedented £111,000, some four and a half times higher than the guide! Auctioneer Simon Caplin: “There were some substantial prices achieved across the entire auction that were significantly in excess of expectation, proving that the market is in a very good state of health indeed.

Some four and a half times higher than the guide!

“Whilst auctions are judged on the results achieved on the day itself, it is of course all of the pre-auction hard work that provides for such success and is absolutely crucial, not only for the properties to be able to sell, but for them to exceed their guide prices” says Simon, who further explained that his department leave absolutely nothing to chance and try and cover every single eventuality to the benefits of their clients.

“The auction yielded a 71% success rate from the lots available and attracted an audience of over 100 people attending our brand new venue for the first time, many of whom were bidding on multiple properties, something that is often only associated with the large London auction houses, company that we are very happy to be associated with,” says Auction Manager Kelly Landers.

We are now collecting lots for our next auction on Wednesday 6th December. If you have a property you are thinking of selling and would like a free, no obligation valuation please contact the Parsons Son & Basley auctions team on 01273 274014 or visit www.psandb.co.uk