Life Homes

Friday 22 August 2014

Bidding underway at first Allsop online auction

Louise Kelly

Published 08/07/2014 | 20:43

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Pic Shows: The Allsop Space auction at the RDS, Dublin yesterday (Friday) 02-05-2014 with Auctioneer Gary Murphy. Pic: Collins Photos.
The Allsop Space auction at the RDS, Dublin with auctioneer Gary Murphy. Pic: Collins Photos.

Allsop Space launched their first-ever online auction this morning in a groundbreaking move by the Dublin-based firm.

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A total of 22 Irish properties are being offered in the digital auction and users of the new function were able to start bidding 24 hours before closing.

The success of the venture will not be full apparent until the property auction closes tomorrow morning at 10am.

However, Allsop Space’s director of auctions, Robert Hoban, said he is looking forward to seeing how the market responds. "We opened the auction this morning, and still have bidders registering to take part ahead of tomorrow’s final results."

"We’ve had a lot of calls and interest so far but we won’t know how we’ve fared until we have the moment of truth with the final results tomorrow,” he said. 

Allsop have established themselves as leaders in the property auction market, hosting monster auctions at Dublin venues since 2011.

Yet a number of their auctions have been disrupted by protest groups angry at the sale of family homes repossessed by banks.

This has led to the firm employing a heavy security presence at recent auction events.

The entire auction process is now available in a digital format from catalogue to signing of contracts.

To pre-register, users were required to lodge €5,000 through international payments provider Global Collect.

First results of the online auction are due to be confirmed in the early afternoon tomorrow, Wednesday July 9.

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