A 100% sell-through rate at auction is extremely rare and, typically, up to 30% of all items offered by auction houses around the world remain unsold.
LastBid has been founded by a team of highly experienced, senior, ex-auction-house professionals to provide a complementary service to auction houses globally, by promoting these unsold items to a new audience of potential buyers.
Our many years of experience in the auction world have taught us that it’s virtually impossible to curate a 100% sale rate. The sheer number of auctions taking place every day, each with a full catalogue of lots, makes it inevitable that thousands of potential buyers will miss auction lots the first time round – for any number of reasons. LastBid is a convenient, one-stop platform, listing these unsold lots in one place, giving each item additional exposure and a second chance of finding a new home.