Brendons held their third auction of 2014 on the 3rd June at the Doubletrees by Hilton Hotel in Ealing, London. The auctioneer's catalogue contained 23 lots for sale but as seven were withdrawn and three had been 'sold prior', there were just 13 lots on offer to attendees on the day of the auction. Managing Partner and auctioneer Phillip Arnold was on the rostrum and I asked him for his thoughts on the day's proceedings.
"We were unlucky with such a proportion of lots for sale being withdrawn for this auction as our previous one in April achieved a 94% success rate. Most of the withdrawn lots will be offered for sale at our July auction, so for anyone who was interested in a particular lot, the opportunity is still there. Legal 'issues' were behind most of those which were withdrawn.
I asked Philip for his views on the market in general and what trends he is seeing at present, not just around London which has obviously been very buoyant for a few years.