Leading property auctioneer, Pugh & Co, has launched an online-only auction service to complement its market leading room auctions.
The innovative online-only service sits alongside the firm’s market-leading room auctions and offers an additional level of flexibility for clients by providing a range of disposal methods and sales opportunities.
Powering the online-only service is a customised technology that utilises the proven bidding platform behind Auction Technology Group’s global Bidspotter operations, which has been used successfully within the Eddisons asset auctions team to transact over £40m of sales each year.
Paul Thompson, Managing Director at Pugh & Co, said: "Our highly acclaimed auction room sales remain vital to us and attract a broad spectrum of selling clients and investors. Alongside the continued growth of our room auctions we are delighted to now also offer the online-only auctions as an additional and complementary facility.
“This platform offers vendors a unique, additional route to market, with all the advantages of the room auction but with additional flexibility for clients whose timelines don’t suit the room auction and need a bespoke solution."
Pugh & Co sells an extensive range of property from across the UK at its room auctions, which take place throughout the year at prestigious venues the AJ Bell Stadium and Elland Road football stadium in Manchester and Leeds respectively.
Through the online-only service, clients outside of core regions can benefit from the national expertise and one of the highest sales percentages offered, to cement interested parties while retaining the full transparency of a room auction.
Prior to its acquisition in 2016, Paul was the owner and managing director of Pugh Auctions, one of the country's leading property auction houses.
Paul has overseen the integration of the Eddisons team into the Pugh Auction brand and as MD leads the strategic direction and development of the new combined auction business under the ownership of Begbies Traynor Group plc. Through his position on the RICS Auction Steering Group, Paul is also part of the committee responsible for implementing policy and driving standards in the auction industry.
In addition to a 15 year successful track record in auctions Paul has a wide range of experience through work in the construction sector in private practice with Faithful & Gould and with Main Contractors plus working in a global building consultancy team specialising in project management and advising Banks and Insolvency Practitioners on a range of national and international cases.
Please follow this link to view all upcoming Pugh auctions.