What a difference a decade can make

In today’s auctions landscape, the online model is becoming widely accepted as a cornerstone of the industry, providing a much-needed layer of data, analytics and statistical evidence throughout the property sales and acquisition process. But selling property at online auction may not be as new as you think. Ten years ago, the Nuclear Decommissioning Authority sold three separate plots of land through an online auction model. The sale, overseen by BidX1’s Simon Riggall (who was head of auctions at Colliers International at the time) raised a record £387m over the course of a seven-week bidding battle. The price was considerably