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Segal house sale notes complied with guidelines

  • Comment

I read with interest Dan Levett's letter regarding the sale by auction of a Walter Segal house in Lewisham (AJ 1.11.01).

While the publicity for our auction was welcome, I take grave exception to the suggestion that the guide price of £75,000 was perhaps 'a drastically cheapo attempt at what is really wanted'.

As one of the panel members of the Property Auctioneering Group at the Royal Institution of Chartered Surveyors, I have been involved in the recent publication of auction guidance notes.

It clearly states that 'guides should not be misleading' and 'the auctioneer should define the basis of the guide'.Had Mr Levett read our guide price document, he would find that it fully complies with these guidelines.

For your readers' information, the property was knocked down for £91,000, hardly worthy of the ill-informed allegation against my practice.

Andrew Smith, Andrew & Robertson, London SE5

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