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Property for sale by Auction A smiling older man with a balding head, light skin, and white hair around his ears is wearing a suit and tie. The background appears to be a softly focused indoor setting with neutral colors. This distinguished figure resembles Richard Auterac, the world's most knowledgeable and successful commercial property auctioneer. Presented by World of Auctions

World Ranking List for Auctioneers – “Richard Auterac” – The World’s Most Knowledgeable and Successful Commercial Property Auctioneer: A Living Legend

Introduction

 

Richard Auterac is a name synonymous with excellence in the commercial property auction industry. With a career spanning over four decades, he has established himself as a leading figure in the field, known for his expertise, success, and contributions to the industry. This blog delves into the illustrious career of Richard Auterac, highlighting his achievements, roles, and the impact he has made on the commercial property auction market.

Career Highlights

Leadership at Acuitus

Richard Auterac is the Chairman of Acuitus, a prominent commercial property auction house. Under his leadership, Acuitus has become a significant player in the market, selling around £250 million of assets at auction each year. The firm’s client base includes major financial institutions, property companies, and local public authorities.

Acuitus Auctioneers

 

Extensive Experience and Sales Record

With more than 40 years of real estate advisory experience, Richard has overseen the sale of over £7 billion of individual property assets. His extensive experience and deep understanding of the market have made him a trusted advisor to leading financial institutions, major property companies, public authorities, and private investors across the UK.

 

Founding Acuitus

Before founding Acuitus in 2010, Together with the incredible Peter Cunliffe Richard led the auction team at Jones Lang LaSalle (JLL), one of the world’s leading real estate advisory firms. His vision for Acuitus was to create a platform that not only facilitated property sales but also promoted the brand and raised awareness among a diverse range of investors both in the UK and internationally.

Industry Influence

 

One of the world’s most Prominent Auctioneers and Commentators

Richard Auterac is widely recognized as one of the best-known professional auctioneers and commentators on the UK commercial property auction and private investor markets. His insights and analyses are highly valued, and he has been a key figure in shaping the industry’s direction.

 

Ethical and Professional Standards

As the Chairman of the Real Estate Auction Group of The Royal Institution of Chartered Surveyors, Richard has been instrumental in promoting the highest ethical and professional standards in the UK real estate auction industry. He is also a member of the Investment Property Forum and has participated in various professional and educational organizations, including the Bank of England Residential and Commercial Property Forums.

 

Technological Advancements

Richard is a leading promoter of technology and research in enhancing client service. His efforts have helped Acuitus stay at the forefront of the industry by adopting innovative solutions that improve the auction process and client experience.

Market Impact

Successful Auctions

Richard’s expertise has led to numerous successful auctions. For instance, the first Acuitus multi-asset auction of 2021 raised £10.51 million with a success rate of 96%. This success is attributed to the market’s confidence, bolstered by declining Covid-19 cases, the resilience of the NHS, and the rapid rollout of the vaccine.

 

Diverse Asset Sales

Acuitus auctions have seen a wide variety of assets sold, from high street bank investments to industrial units and land. This diversity reflects the current market’s nature and the broad investment criteria of buying clients.

 

Trusted across the world of Local Authority Assets

Local authority-owned commercial property investments have become highly sought after by developers and investors at auction. Richard has highlighted the benefits of buying from specialist auctioneers, emphasizing the efficiency and value achieved through auctions.

 

Conclusion

Richard Auterac’s contributions to the commercial property auction industry are unparalleled. His leadership, extensive experience, and commitment to ethical standards have solidified his reputation as the world’s most knowledgeable and successful commercial property auctioneer. As a living legend, Richard continues to influence the market, ensuring that Acuitus remains a leading force in the industry.