Midlands auctioneer Graham Penny is to expand to Leicester in order to offer a “credible auction offering” for the growing East Midlands market.
The firm, which already runs seven auctions a year in Derby and Nottingham, will hold its first Leicester sale on 24 October and plans seven sales in 2014. All sales will be held at King Power Stadium.
Three other firms also operate in Leicester: Auction House Leicestershire, Shonki Bros and Kal Sangra Shonki Bros.
A lot of Leicester stock is also sold in London sale rooms, said auctioneer Graham Penny.
“I happen to believe that it is partly down to the fact that clients do not think there are credible auction houses in Leicester already, so we’re hoping to break into that.”
samantha.baden@estatesgazette.com
