Auction Sales Overview

There is no greater open market transparent process of buying and selling than the open ascending price auction.

John Pye Auctions aim is to make our auctions as accessible as possible for all. Our auctions have always been open to the public but in 2008 we started to widen our auction gateway to the public when we trialled the first online only auctions.

Previously John Pye Auctions had been what we call traditional live physical auctions; with an Auctioneer and an Auctioneer’s Assistant sat at a rostrum, engaging with a floor of bidders.

As John Pye Auctions grew as a business to too did our auctions and these physical auctions got bigger, attracted more bidders from further afield and ran for longer. Whilst the auction offerings grew in appeal, our one site base and longer auction sales proved prohibitive for more public travelling long distances.

After a series of successful trials, John Pye online auctions began rolling out across our Business Assets and Retail departments in 2008 to 2010, whilst we still held half of our auctions as physical live traditional auctions during this period to compare performance.

The transition to online gained greater momentum in 2011 when John Pye Auctions expanded from 1 site to 8 in the space of 6 months, having secured a new national Government disposals contract, with online auctions providing a level field of bidder engagement and client recoveries across 7 new sites.

We broke new industry ground in 2013 when we were the first tangible UK auction house to launch online property auctions after the formation of John Pye Property department. That year we also transitioned our last proportion of live physical auctions to online auctions, being the first tangible auction house in the UK to hold all auctions exclusively online.

Last year we held over 650 online auctions, across more than 20 UK sites and also a proportion on third party premises, offering over 624,000 Lots to the UK Secondary Market.

John Pye online auctions typically start on a Friday evening, with online bidding running over a weekend with viewing held on a Monday and the online auction concluding after bidding on a Monday or a Tuesday.

With such an extended window for bidding over multiple days we greater a far higher level of secondary market engagement, which is reflected in our increase in bidder activity, with registered bidder numbers increasing by more than 1,500% over the last four years to over 230,000.

Furthermore, John Pye online auctions feature a unique ‘3-minute-bidding rule’ whereby if at least two competing parties are engaged in bidding on any particular Lot in the last 3 minutes before the scheduled deadline, the online auction bidding for that Lot will increase another 3 minutes and incrementally every 3 minutes until no further competing bids have been lodged.

Our bespoke online auction software system mirrors the behaviour of a traditional Auctioneer; who would continue to accept ascending bids from the market, providing accessibility for all bidders to lodge bids of their choice, reflecting true market value of each Lot.

Auction Sales Departments and Contacts

Business Assets

John Pye Business Assets department is the company's longest established department, having provided client services to Turnaround, Restructuring, Insolvency and Industry sectors for over 25 years. The Bu...

Luxury Assets

Launched in 2014 John Pye Luxury Assets is the fifth trading division of John Pye Auctions, specialising in the sale of: Luxury Watches Modern and Antique Jewellery Precious and Semi-Precious Gems...

Property

John Pye Property was established to service a growing market need for owners and agents to reach end user property purchasers through a wider and more transparent gateway to market. John Pye Property is ...

Retail Goods

John Pye Auctions clients are big names in big industries; requiring robust dependable and wide ranging one-stop-shop auction services to support heavy reverse logistics supply chains. John Pye Auction Re...

Vehicles

John Pye Auctions Vehicles department has grown substantially since 2011 to now sell over 16,000 vehicles per annum across more than 20 UK sites. These vehicles range from seized vehicles - cars, motorbik...

Auction Sales Case Studies

Phones4U Administration

John Pye Auctions Business Assets department were appointed agents for the Phones4U Administration after initially supplying the Administrators, PWC, with a solid barometer of appraisal data from our unique ...

David Jerome Collection

John Pye Luxury Assets department was exclusively instructed to sell the UK's largest private collection of precious coloured natural gemstones in a multi-million pound international online auction offering ...

DVLA Untaxed Seized Vehicles

In 2011, after an 18-month long tender bid process, we were appointed by the UK Government Department of Transport Driver Vehicle Licensing Agency (DVLA) as the UK's lead Auctioneers for valuation, storage, ...

HM Revenue & Customs

After undertaking a six month tender process, Her Majesty’s Revenue and Customs appointed John Pye & Sons as contractual Valuation and Auction Agents for HMRC VAT arrears asset sales. We now manage ...

Trafford Park Hotel, Manchester

Under instruction from Fixed Charged Receivers, John Pye Property was instructed to market and sell Manchester's historic Trafford Park Hotel, just a stone's throw away from Manchester United's Old Trafford ...
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