Predicting auctions ‘like tipping a horserace’

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There were 561 auctions reported, which is about average for each week of the past month.

Although low compared with autumn, it is still a high level for winter stock, especially when compared with last year’s July average of 332.

The weekend’s clearance rate rose to 70 per cent for the first time since mid-June.

Leonardo Persichetti from Woodards TBM said stock seemed to be drying up, but anyone genuinely in the market was still out there to buy.

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