Apr 16, 2012: Despite recent press coverage and negative sentiment surrounding the auction industry, the local market’s appetite and confidence for buying through auction remains healthy, if The High St Auction Co’s last auction is anything to go by. 21 lots with a combined market value of R114 million went under the hammer on the day.
Joff van Reenen, Lead Auctioneer for The High St Auction Co comments, “Over 350 people attended the auction, with 70 registered bidders on the day. This robust demand and keen willingness to participate in the auction was a clear indication that there is no crisis of confidence. The High St Auction Co is a young brand, but operating in a transparent and forthcoming manner, has resulted in confidence by both buyers and sellers. By not being bound by old school auction paradigms we have established ourselves as a market leader.”