Major regional auction house CPBigwood has been appointed by Sandwell Metropolitan Borough Council for a further two years.
CPBigwood senior partner Rory Daly said the firm had now been instructed by Sandwell for almost 20 consecutive years.
The win comes shortly after CPBigwood was involved in a competitive tender to win auction instructions from Solihull Metropolitan Borough Council.
Mr Daly said: “These two contracts confirm CPBigwood as the auction house of choice for institutions.
“We have also acted for Walsall and Wolverhampton for 15 years and we are clearly established as the default destination for land and property that is surplus to requirements by local authorities.”
He said that institutions, including local authorities, favoured the auction route to sale because of the finite timescale, near certainty of sale, the unconditional exchange of contracts and the predetermined completion dates.
CPBigwood has developed what is believed to be the largest auction operation outside of London over three decades which have seen successful auction houses Bond Wolfe Auctions and Bigwood merge before the enlarged operation was incorporated into CPBigwood when Bigwood and Curry & Partners merged in June 2011.
