About Us
auctionWORKS was formed in 1998
by David Scholes to provide real estate auction services to residential and commercial
agents across NSW. The company was founded on a commitment of returning the auction
system to the way it was and the way it should have remained.
The auction system has evolved over hundreds of years and in Australia particularly,
has been the primary method of sale for a huge and diversified range of products.
There is no more precise method of valuation than a well conducted and advertised
auction campaign. Many organisations adopt other forms of sale but all rely upon
recent auction results to formulate their asking price. Unrestricted and open competition
set the benchmarks on which all comparisons are formulated.
Many real estate practitioners have seen the benefits of auction but few have the
necessary understanding of the system to capitalise on the advantages. Many of the
auctioneers available in Sydney are self-taught. They have not spent years honing
their skills at the mercy of professional buyers, fighting for every cent to benefit
their vendors. Most believe auctioneering is the art of donning a silk tie and woollen
suit and swaggering in front of a crowd.
Auctioneering is far more than describing a property. It is timing, an ability to
build immediate rapport with the buyers, a relaxed friendly attitude that makes
bidders comfortable, an intimate knowledge of the product being offered and of the
current market conditions that apply, a thorough understanding of real estate law
and above all else, a hunger to extract the last dollar from the buying public.
auctionWORKS first client was
the National Australia Bank which, through Burgess Rawson Real Estate, offered by
auction several of their branches on a sale and lease back basis. The success of
that sale created an enormous amount of interest in auctionWORKS from many commercial agencies and the company has
quickly grown to be the largest provider of auction services to independent agents
in Sydney today. We now boast the highest profile agents in Sydney as clients and
the highest clearance rates on record. We also hold regular investment property
portfolio auctions in The Crown Casino in Melbourne. Because of the regard with
which we are held, the vast majority of institutions rely upon us to maximise their
sales returns and most astute property owners request our services when selling
property.
auctionWORKS employs the highest
calibre auctioneers available and provides ongoing support and training to them.
We are both on-site and in-rooms specialists so can offer owners flexibility. Our
premier auction venue at Ground Floor, 55 Harrington Street, Sydney (The Rocks)
is utilized every Tuesday. It provides an exciting and vibrant arena at which an
amazing range of property is offered. It is conveniently located and has ample parking
either in the building or in adjoining streets.
We believe that if it's worth selling... it's worth selling properly.