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The 2011 RICS matrics auction competition final took place last week at the RICS headquarters, London. The finalists included Russell Homer a student at Nottingham Trent, Sam Gourlay at Knight Frank, Ben Snelling, Senior Auction Valuer at Clive Emson and Giorgio Economides a Graduate at Allsop LLP.

The finalists battled it out on the rostrum, dealing with a variety of scripted stunts including a fire alarm, identical bidders, a telephone bidder leaving the room while bidding for a lot, and numerous hecklers in order to impress the judging panel made up of the industries leading specialists including Duncan Moir of Allsop LLP, Richard Auterac of Acuitus, Nick Jopling of Grainger PLC and John Townsend of CBRE.

The standard of the finalists was extremely high and with an intense 4 heats, seeing each finalist attempt to sell the contents of the Olympics themed catalogue to a rowdy crowd of 80 and under the watchful eye of the judging panel. 
At the end of the heats two winners were awarded, Russell Homer won the novice category having had no previous experience in property auctions and Giorgio Economides from Allsop, who was awarded winner of the informed category and winner of the Allsop Trophy

Duncan Moir, Partner and Auctioneer for Allsop and a finalist in 1986 commented “I was delighted that the 4 judges awarded Giorgio the 2011 RICS matrics auction competition prize. In a strong field he responded well to the various interruptions and held the room with confidence. The auction competition, despite being a staged event is a very effective way of seeing how aspirant auctioneers perform under pressure. Giorgio clearly has poise and presence. It was good to see so much talent and gusto amongst the finalists, which was encouraging for the future of auctioneering.”

Giorgio Economides, Allsop graduate and overall winner of the 2011 RICS matrics auction “By chance and curiosity I took part in the internal heat where I was selected to enter London Heat of the RICS Matrics competition. My experience of auctioneering was up until this point riddled with terrible pre-sale nerves! Having surprised myself with a win at the London Heat I thought the fear of auctioneering would decrease with time, the nerves were however very much in force prior to taking to the rostrum at last week’s competition. I am honoured and delighted to have won the London and National RICS Matrics Competition. Many thanks to Richard Adamson, George Walker, Patrick Kerr, Duncan Moir, Gary Murphy, Daphne Mahon, Jimmy Bruce and all of the graduates for all of their guidance and support for both of the competitions.”

The RICS matrics auction competition dates back to 1975 and is sponsored by Allsop, the UKs leading property auctioneers. The competition has been held biannually ever since. Members of the RICS matrics who have not had previous auctioneering experience are entitled to participate. The purpose of the prize is to stimulate interest among younger members of the profession in selling by auction and to promote the skills of the rostrum and previous winners are now in the auction teams of Allsop, Acuitus, and Jones Lang La Salle.

Notes to editor

Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house.  Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.



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