Bond Wolfe Auctionshas revealed its plans to boost its commercial property offerings with stand-along commercial auctions next year.
The West Midlands-based auctioneer has continued to set new records with their existing mixed commercial and residential auctions, routinely generating millions of pounds worth of sales.
Despite changing to a live-streamed format to adhere to coronavirus restrictions, the firm has continued to deliver record-breaking numbers, with its July auction achieving a 95% success rate that saw 161 out of 170 lots sold, raising over £16.3 million.
Bond Wolfe Auctions’ upcoming sale on September 19th is set to become the UK’s largest live online auction, with over 200 lots.
Highlighting the success of the firms’ online auctions, Ian Tudor, Managing Director of Bond Wolfe Auctions, said: “Live streaming auctions has been far more successful than anyone in the industry could have imagined. With over 200 lots in our last two auctions, there is clearly huge demand – and only so many hours in the day!
“Since the launch of Bond Wolfe Auctions in January 2019, we have sold £30 million of commercial and mixed-use property, and we are the leading commercial auctioneer in the Midlands.”
Bond Wolfe’s decision to enhance its commercial offerings in a new, standalone event comes as the auction house has sold over £55 million of commercial property in the past 18 months. Bond Wolfe sold £30 million worth of commercial property sold at auction and a further £25 million by the Bond Wolfe Commercial agency division.
Despite running joint auctions, the firm has just over 40% of the Midlands’ commercial auction sales and ranked number 1 in a recent league table of the 14 auctioneers in the region.
Boasting over 70 years of experience in commercial property throughout the West Midlands and the Black Country, Bond Wolfe’s commercial property team is led by Ian Tudor and Ron Darlington.
Bond Wolfe Auctions’ next sale will be live-streamed on their website from 9am on Saturday, September 19th.
Featured Image:(L-R) Ian Tudor & James Mattin of Bond Wolfe Auctions.