CPBigwood pulls in £46m of sales
Birmingham-based CPBigwood’s last auction of the year has boosted 2011 sales to more than £46m.
The figure from the auction house is up 18 per cent on the £39m it raked in during 2010.
December’s figure of 119 lots raised an aggregate £8.5m, said CPBigwood, which has offices in Birmingham, Henely-in-Arden and Stratford-upon-Avon.
"It has been a busy year and we are very happy with the outcome," said Jonathan Hackett, joint head of auctions.
"Our latest auction was packed and bidding was for the most part brisk, with some sales way above guide price. It all bodes well for 2012."
Held in the Holte Suite at Aston Villa Football Club, 80 per cent of lots put up by Birmingham City Council sold while the figure for Sandwell Council was 100 per cent.
One of the outstanding results was Aston Council House in Albert Road, Aston, a substantial and imposing late 19th Century four-storey building previously used as a library and offices. Despite a guide price of £195,000, the property sold for £425,000.
The Grade II listed Lichfield Chambers at 44 Queen Square in the centre of Wolverhampton sold for £80,000.
