Events Prior to the Auction

Unlike private treaty sales, an auction sale to a degree runs under its own momentum and all those involved in the auction team are carried along, hopefully imbued with a strong sense of urgency. This sense of urgency is triggered by the fact that there is an exceptionally tight time-frame within which the lot is marketed and potential bidders are found. Inevitably, would-be buyers will wish to inspect the lot in which they are interested several times; then there will be a whole host of questions arising from these inspections; and, once surveyors, valuers and solicitors for the buyers are involved, yet more queries will be raised. All these have to be answered as quickly as possible. Alongside this activity the auctioneer will be busy trouble-shooting all the multitude of problems which might spring out of the woodwork. Truly in this theatre time is of the essence!