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Record auction listings due to uncertainty around upcoming Budget says First for Auctions




First for Auctions, part of LRG, has recorded its largest auction on record with October’s catalogue reaching 70 lots, which the firm attributed to decisive action from buyers ahead of the Autumn Budget.

Throughout August and September, First for Auctions achieved an 82% success rate and total sales exceeding £19m, with the September auction alone generating sales of £7.19m from 66 lots, reaching an average uplift of 17% above guide price.

According to the firm, buyer engagement remained strong, with 688 registered interests and 365 active bidders.

New instructions also grew consistently through the year, with an average of 38 per auction earlier in 2025 rising to 54 in September and 70 in October.

First for Auctions stated that since launching its partnership programme last year, it had seen steady growth in instructions from local and regional agents.

Recent examples included partnerships with Curchods, Staples & King and Tim Russ.


Daniel Gale, head of auctions at First for Auctions, commented: “Budget speculation always creates hesitation in the private sales market, but auctions thrive on realism. Sellers want certainty and buyers want clarity, so both sides are taking a pragmatic approach.

“We’ve seen record entries, competitive bidding and sensible pricing across probate, refurbishment and investment stock, all signs of a healthy, functioning marketplace responding logically to change.

“The Budget has encouraged people to make decisions, not delay them, and that’s why we’re seeing such strong activity. Whenever the market faces uncertainty, auction volumes increase. It’s a straightforward equation – people want control, and an auction gives them that.

First for Auctions said it expected sellers to remain motivated amid speculation around tax policy and the Autumn Budget.

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