Results of Deceased Names'Auction
The auction to reallocate capacity released by the death of an unlimited member at the end of last year was concluded yesterday. There was a total of 30 successful bids to buy capacity, with average prices well up on those achieved in the three auctions held last autumn. In aggregate, this auction raised a total of £1.65m for the member’s estate. This represents an uplift of 11.3% over the average price of capacity over the three 2020 auctions and of 25.8% over the final auction.
Results were as follows:
|Syndicate||Managing Agent||Capacity Sold||Average Price p/£1||2020 Auctions|
|Number of successful bids||All auction average||Auction 3 average|