Savills retained its position at the top of the residential auctions league table in the first half of this year, pipping rival Allsop by just £10m.
Savills raised a total of £206.5m in the first six months of 2014, up from £161m for the same period in 2013, according to the latest figures from Essential Information Group.
Allsop took second place with £194.6m raised from its residential auctions, with
Barnard Marcus making up the top three with £145.2m raised.
Savills has held four sales so far this year compared to three from Allsop. Allsop has three auctions remaining this year, compared to Savills’ four and Barnard Marcus’ five.
The best improver over the period was Auction House London, however, which saw its totals raised in H1 2014 more than double from a year earlier to £46.8m.
Of the top 15 performers, all bar six companies recorded double-digit increases in totals raised. Four firms – Andrew Scott Robertson, Strettons, Pattison Property Auctions and Eddisons – recorded declines in volumes.
Overall, residential receipts rose by 19% over the period to £1.6bn from 11,543 lots sold.
Allsop and Acuitus continue to rule commercial market
Allsop and Acuitus may continue to rule the commercial auctions sector in terms of volumes raised in H1 2014, but Osborne King and Lambert Smith Hampton saw the biggest uptick in business.
Allsop remains top of the league with a 47.2% market share, raising £208m in the first six months of 2014, with Acuitus raising £104m with a 23.5% market share. But Lambert Smith Hampton more than doubled its receipts over the period from £9m to £19.5m and Osborne King, tripled its volumes from £3.3m to £9.9m.
CBRE, which closed its auctions business earlier this summer, citing a lack of volumes, slipped from third place to fifth in the rankings in H1.
Totals raised by the auctioneer fell by 35% to £23.4m with its market share dropping from almost 10% to just over 5%.
According to Essential Information Group’s figures, total receipts from commercial auctions in H1 were £442m, up from £364m in H1 2013.
A total of 1,173 lots were sold at an average price of £376,514.
chris.berkin@estatesgazette.com
