For items of a more specific nature or less mass market appeal, John Pye offers tender sale services.
These asset instructions are silent auctions with bidding lodged via once only sealed tender bids.
They are more common within the property when subject assets go to ‘best and final’ offers after a period of open market sales negotiation though the tender sales mechanism can be applied for assets which may or may not be niche in nature but when clients want assets marketed and sold ‘off-market’.
This can be sometimes be due to sensitive circumstances surrounding the asset disposal in question, when the client does not want undue publicity or open market attention focused on the disposal. This can sometimes be the case with probate instructions or with high value private collections.
John Pye Auctions Luxury Assets department, headquartered in Mayfair’s Old Bond Street, is adept at managing such sensitive instructions and applying such tender sales mechanisms for private clients, engaging national and international markets through such process, with a full audit trail of engaged interested parties.APPRAISAL / CONSIGNMENT ENQUIRIES