Savills has recruited Gary Murphy from Allsop and appointed him as a director in its rapidly growing auctions business.
Murphy founded Allsop’s residential auctions team 37 years ago, having first stepped up to the rostrum the previous year.
Savills Auctions enjoyed a record year in 2022 raising more than £455m – a 30% increase on the previous year. So far this year, the firm’s seven auctions have raised £260m – a 25% increase on the same period in 2022.
Robin Howeson, head of Savills Auctions, said: “Gary brings an unrivalled depth and breadth of experience and we are thrilled that he has agreed to join us.
“Our live-stream web auctions platform is working extremely well for clients selling both residential and commercial assets. It means our sales access far wider audiences than can be reached through the traditional ballroom setting and has accelerated the growth of our auctions business.
“Building on the appointment of three new team members last month, this senior hire underscores our commitment to optimising client service and to growing market share.”
Murphy added: “I am immensely excited to be joining the Savills auction team. They have demonstrated rapid growth thanks to their unique live stream auctioneering expertise and I look forward to helping them achieve even greater success.
“I have had a long and hugely enjoyable career at Allsop. After four years as a consultant, I feel that my time there has reached a natural conclusion and I am now relishing this new challenge.”
Scott Tyler, senior partner at Allsop, said: “Gary Murphy has been a part-time consultant to Allsop for four years, following his role as a partner coming to an end in June 2019. We wish him luck in his new role.
“Allsop’s vibrant, experienced auction team will continue to provide specialist advice to our clients. As the biggest and most successful auction practice in the country, we have raised over £800m at auction over the last 12 months, and look forward to realising ever more value for our clients.”
