Voluntary and foreclosure sales
Colliers International auctions property on behalf of both owners and banks, conducting both voluntary and foreclosure sales.
Our property auctions are conducted according to the ‘Amsterdam system’, whereby the price first rises according to the bids from the room. The auctioneer then adds a premium to the maximum bid and gradually decreases the price until it is accepted by one buyer with a shout of “mine!” This unique and traditional method is a combination of the conventional auction and a ‘Dutch’ auction, both held at the same sitting. Anyone who has attended an auction will be familiar with the excitement created by the crowded room and lively atmosphere.