BidX1 buys in-house auctioneers Andrew & Robertson

BidX1, an Irish-owned online property auction house, has bought UK in-room auctioneers Andrew & Robertson in a move that secures its entry to the British market and makes it the second largest auctioneer in the UK. In six years BidX1 has sold over 6,000 assets in Ireland raising over £1.2bn. Its digital platform boasts a greater volume of bids per lot than traditional means and opens the auction process to interest across the world. The platform has proved popular with private equity houses seeking full transparency of their sales; BidX1 sold around 650 assets for private equity funds in 2016.

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