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Sign of times at property auctions
THE declining fortunes of property auction houses are reflected in regional figures released this week.
In the March-May quarter, in the North West, there were 1,586 lots offered, down 6.8%; 756 lots sold, down 34% and a total sale value of £102m, a decrease of 44%
Last week, it was reported that Venmore's last Liverpool auction yielded just £380,000, compared with £6m the same time last year.
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