Surge in Auction attendance as UK sees rise of the amateur bidder

Thursday, September 15, 2011

AUCTIONEERS have reported a surge in interest from amateur bidders hunting out bargains during the economic slump.

The National Association of Valuers and Auctioneers (NAVA) says that attendance at its auctions has increased by up to 20%.

This rise can be attributed to two factors. First, more people know about auctions thanks to the popularity of television shows likeBargain HuntorCash In The Attic.

Second the UK's economic turmoil means people are taking more time over purchases and looking for new, cost-effective ways to get what they want.

Guy Charrison, President of NAVA, said: "We find that people initially come along to see what it's all about. But they keep coming back because it is genuinely a way to get a decent bargain, and it's good fun.

"It doesn't take too long before people become regulars and even start bringing their friends and family along with them."

The biggest rise in attendance comes from people aged 40 - 55, according to the organisation.

And many who first came to an auction in search of a bargain are now attending in search of a profit.

Simon Morgan of SIA Group said: "What we are seeing are many people attend auctions looking to find bargains that they can then sell on using eBay.

"There is quite an industry of eBay entrepreneurs springing up all over Britain and it's great that they are attending traditional auctions to get their products."

For more information and to find an auction near you visit www.nava.org.uk.