2025 Auction Review: A Strong Start to the Year for McHugh and Co.

Monday, February 17, 2025

McHugh & Co’s first online auction of 2025 kicked off on 11th February. With 250 lots on offer, we were thrilled to see 182 sold, giving us a solid 80% success rate. The total raised for the event came to an impressive £29,317,000, proving that the demand for properties remains strong and that our auctions continue to be an exciting and profitable avenue for both buyers and sellers.

Top Lots of the Auction

The auction featured some standout lots that exceeded expectations, with properties selling for significantly more than their guide prices. Here are a few of the top performers:

Lot 5 – Guide Price: £450K, Sold for: £579K

Lot 8 – Guide Price: £295K, Sold for: £377K

Lot 21 – Guide Price: £495K, Sold for: £575K

Lot 29 – Guide Price: £270K, Sold for: £341K

Lot 44 – Guide Price: £270K, Sold for: £393K

These lots demonstrate just how competitive the market is right now, with some buyers eager to secure properties well beyond the expected price range.

Live Bidding & Real-Time Results

A real highlight of this auction was the introduction of Live Bidding and Real-Time Results reporting. Now, participants could track the auction’s progress, see how individual lots were performing, and monitor the final sale prices as they happened. The added transparency and instant updates not only gave everyone a clear view of the action but also helped buyers make informed decisions in real-time, creating a lively and fair environment for all involved. 

With Live Bidding, our buyers and sellers are more connected than ever, making the whole process faster and more engaging.

Next Auction

Looking ahead, our next auction is scheduled for 26th March 2025. After such a strong start to the year, we’re excited to continue bringing quality lots to the table and delivering excellent results for our clients. Whether you’re looking to buy or sell, make sure to mark your calendars and join us for what promises to be another thrilling event.

• Author: mchugh
• Categories: Online auction