The largest auction house outside London has been created by Bigwood’s and Bond Wolfe’s West Midland operations.
The move is described by managing director Rory Daly as a response to demand for a major auction house for quality property and development land.
It will also lead to an increase in employment with Bigwood and Bond Wolfe recruiting staff such as trainee valuers in the coming months.
“This pulls together under one roof our traditional and established Bigwood clients, many of whom go back several generations, with Bond Wolfe’s strength in institutional clients such as our extensive portfolio of local authority clients,” Mr Daly said.
“For example, Bond Wolfe is appointed as the exclusive auctioneer for Birmingham City Council and we will continue to be the appointed auctioneer for other institutional clients including Wolverhampton City Council, Sandwell Metropolitan Borough Council, Dudley Metropolitan Borough Council and British Waterways.”
Jonathan Hackett, director of Bigwood Auctions, said: “Previously, Bigwood offered four auctions a year and Bond Wolfe held five, but for their own clients this sometimes meant having to wait as much as three months for the next auction.”
Bigwood and Bond Wolfe Auctions’ next sale is on Wednesday, September 17, in the Holte Suite at Aston Villa FC and the catalogue already includes instructions from Bellway Homes, Birmingham City Council, Wolverhampton City Council, Sandwell Metropolitan Borough Council, and Dudley Metropolitan Borough Council.