This report is based on responses to a survey of NAVA Propertymark members conducted between 30 January–20 February 2023.
We asked NAVA Propertymark members in our first quarterly survey, how they conduct their auctions and facilitate the viewing of lots for sale. Top of the list when it comes to modes of auction is online (not-live). It was followed by Ballroom and then live stream auctions.
Several members noted that they have not yet settled on a permanent method of holding their auctions since the end of the pandemic. Online and livestream certainly have their advantages in terms of cost and inclusivity, but ballroom auctions still appear to be quite popular.
Green credentials: The biggest opportunity for auctioneers?
In an age of increasing public awareness and acceptance of our impact on the environment, could the promotion of the green credentials of auctions bring a new generation of customers to the industry?
Wearing vintage clothing, up-cycling, and the use of marketplaces on social media have all risen in popularity over the past decade. As the UK Government aims to reach its target of net zero by 2050, encouraging the public to go green by going to an auction, is certainly another worthy contribution to that end.
It also helps keep items from landfill, so is a double boost to the environment. Analysis by Antiques Are Green estimated that a modern chest of drawers bought on the high street will have an average carbon footprint over its lifetime that is 16 times higher than a Georgian chest of drawers purchased and reused.
The main issue is a lack of public interest. Philip Allwood FNAVA, Partner at Moore Allen & Innocent auctioneers commented: 'almost anything in the home can be sold at auction. The trouble is that people just don’t realise it'.