Knight Frank hires BidX1 and Allsopp executive to launch auctions business

first_imgKnight Frank is permanently putting properties under the hammer after a successful auctions trial this summer and has hired sector expert Richard Watson to launch the business.Its new auction business, which was prompted by the lockdown when estate agents couldn’t view or value properties, launches next month, giving clients the option to sell their properties faster by creating a dedicated service line.Knight Frank plans to initially focus on residential property, but says there should be commercial lots available in the future. Its first auction is on 22nd October when buyers can bid on a catalogue of residential properties listed from across its new homes, London sales and country house businesses. The global property firm has plans for six further sales, with dates already planned in December and February 2021.The trial, which ran in early July, featured eight lots with an average capital value of £910,000.Tim Hyatt (left), head of UK residential at Knight Frank, says it wants to provide clients with a comprehensive experience. He adds: “We’re constantly looking at how we can evolve our business in order to best cater for the current demand and market conditions. Our auctions facility is the latest in a series of innovations from Knight Frank that aim to better inform and service our diverse range of clients.”New head of auctions Richard Watson was formally head of UK residential auctions at BidX1 and spent 17 years at Allsop, becoming a partner in its residential auctions division.knight frank auctions Tim Hyatt September 10, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Knight Frank hires BidX1 and Allsopp executive to launch auctions business previous nextAuctions newsKnight Frank hires BidX1 and Allsopp executive to launch auctions businessEstate agency is taking on its arch rival Savills within the auctions sector after discovering the value of auctions during Covid.Nigel Lewis10th September 20200604 Viewslast_img

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