We hold regular auctions throughout the year at our Auction Rooms in Downham Market categories include:
Antique Furniture, Good Quality Retro & Modern Furniture, Watercolours, Oils, Prints, China, Glass, Clocks & Watches, Silver, Jewellery, Objects de Vertus, Rugs, Wines & Spirits, Textiles, Toys, Sporting Goods, Taxidermy, Fishing, Garden Statues, Architectural, Bronzes, Metalware, Books, Lighting, etc.
Every first and third Wednesday we hold Antique & General sales for avid collectors to rummage through antiques and quirky collectables auctions average 700-800 lots and include Antiques, Modern Furniture and Household effects, Collectables, China, White Goods, Tools, Garden Items, Cycles, Pictures, Books & Collectable Records.
The Downham Market Auction Rooms is a historic converted building original design for holding horse auctions in the 1850's but we have modernised the facilities to give us flexibility with collection, storage and delivery. We sell a wide selection of items to include good modern, collectables, Antiques, Sporting items, Wines, Toys etc. Here, our valuers have the opportunity to take in items in advance of sale, in order to conduct considerable research and pre-sale advertising where required.
SPORTING AND OUTSIDE PURSUITS & VINTAGE TOY AUCTION Twice yearly
SPORTING auction of Antique and Sporting related items. These are held in the Spring & Autumn, mostly on a Friday commencing at 4pm with prior viewing at 2pm in sale room at Downham Market. THE Auction Room is heated and there is catering on site on the day of sale.
AGRICULTURAL AND COMMERCIAL AUCTIONS Sales by auction, on the client's premises which include Farms, Garages, Factories etc, in fact
ANYWHERE- ANYTIME Also hold twice yearly, May and November, Collective Sales of Farm Machinery and ancillary equipment at Hilgay. Property Sales and Rental * Private Sales * Propery Auctions * Property Rentals * Commercial and Agriculture
We still find that public auction is the most suitable method of sale for many types of property.
Auctions of residential, agricultural and commercial properties are regularly conducted by Barry L Hawkins. These take place either in the time-honoured fashion at a local hostelry, or more commonly we conduct collective auction sales at our specialist auction house, the Downham Market Auction Rooms.
Properties that may be suitable for sale by auction tend to be slightly rare or unusual. These might include farms, farmland, houses and cottages for renovation, development sites, traditional barns for conversion, paddocks etc.
The benefits of selling by auction include:
The best price is achieved by competitive bidding
Only proceedable buyers are likely to bid
The timetable of the sale is agreed in advance
A binding contract is signed by the buyer on the fall of the auctioneer’s gavel
If you are considering selling a property by auction, please contact one of our experienced auctioneers, Barry Hawkins or Marcus Hawkins, who will be delighted to explain the process in more detail and to give you a free, no obligation, market assessment
There are a number of advantages to selling freehold properties by public auction as opposed to other methods of sale, such as private treaty:
The timetable for a sale is set out in advance. The marketing period is normally four to five weeks before the auction date. Completion is generally 20 business days thereafter.
Selling by auction provides certainty, as the buyer is required to sign a legally-binding contract and pay a deposit (normally 10% of the purchase price) at the fall of the auctioneer’s gavel.
Sales by auction are often preferred by executors, trustees, charities etc, as they are completely transparent and at arm’s length.
The best type of property to offer for sale by public auction tends to be slightly unusual or rare. It is important to note that there is likely to be competitive bidding from potential purchasers.
Prior to placing an auction property onto the open market it is important that the seller has instructed his solicitor to have prepared all of the necessary legal documentation which can then be made available to prospective buyers.
Properties are nearly always sold by auction subject to a reserve price below which it may not sell. It is important that the reserve price is agreed with the auctioneer in writing well in advance of the auction date.
It is unwise to set the reserve price too high, as this will have a detrimental affect on competitive bidding which is necessary for a successful auction to take place. The reserve price and the guide price should be set at a similar level so that prospective buyers are not misled.
A seller does not need to attend the auction, as the auctioneer has authority to sign the contract on the seller's behalf and complete the legal formalities.
If you have a property that you consider might be suitable for a sale by public auction, please contact one of our auctioneers who would be more than delighted to visit the property and advise you further.