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Bond Wolfe - £100 million to go under the hammer as new Birmingham operation offers largest auction house outside London
Property consultants Bond Wolfe and Bigwood
are to link up to offer ten auctions a year, making the combined
operation the biggest and most successful auction house outside
of London and one of the largest auctioneers in the UK.
The two firms are to remain steadfastly independent but managing
director Rory Daly explained that by combining their resources
they were able to offer clients a far stronger service.
“Previously Bigwood offered four auctions a year and Bond Wolfe
held five, but for their own clients this sometimes meant having
to wait as much as three months for the next auction.
“The reality is that they didn’t wait. They went elsewhere or
sold privately. By combining our resources, Bond Wolfe and
Bigwood will be able to offer ten auctions a year, with only
January and August as the exceptions where we won’t be holding
auctions,” he said.
“I fully expect our combined auction houses to offer in the
region of £100 million worth of property over the next 12
months, which will make us the biggest and most successful
auction house outside London and one of the largest in the UK.”
He stressed that Bond Wolfe and Bigwood would continue to trade
independently and confirmed there was no intention to merge the
practices.
The final independent auction will be on Monday, May 14, with
Bond Wolfe set to run its second consecutive 100 plus lot
auction this year with 111 lots going under the hammer at Aston
Villa’s The Holte Suite.
Bond Wolfe managing partner James Mattin estimates that around
£21.5 million worth of property and land will be available on
the day.
The first joint auction will be held on Monday, June 25, with
lots entered by both Bond Wolfe and Bigwood’s auction
departments.
“Effectively this means that, with the exception of January and
August, if someone walks through door of Bond Wolfe or Bigwood
with a property or site they wish to auction, in future we can
accommodate them within a matter of weeks, rather than months,”
said Rory Daly.
“This will establish our new combined operation as the most
powerful auction service in the Midlands and we confidently
expect the number of lots and turnover to grow exponentially.”
Email: andy@asap-pr.com