L-R: Jonathan Fenn, CEO of BidX1 and Mike Gray, Managing Director & Founder of Dedman Gray Auctions
BidX1 Acquisitions Limited, the leading digital property auction platform, has announced its acquisition of established regional auction house, Essex-based Dedman Gray Auctions Limited. The acquisition will combine Dedman Gray’s strong local presence and reputation with BidX1’s technology-driven, international marketplace, creating a powerful platform for property auctions across the UK.
BidX1 is transforming property auctions through its digital model and has facilitated more than £4 billion in sales since 2011. Founded in Dublin and now active across the UK, Ireland, Cyprus and South Africa, the platform enables buyers to bid online with full transparency and speed and is underpinned by technology, data analytics, and an international buyer base.
Dedman Gray’s auctions achieve millions of pounds in annual sales across residential, commercial, and land assets. Founded by Michael Gray in 2008, the business is a key regional player and has become a trusted name in auctions across Essex, Suffolk, and Kent.
By bringing together Dedman Gray’s regional expertise with BidX1’s technology and reach, the combined business will deliver faster transactions, broader buyer access, and stronger results for clients nationwide.
BidX1 has a proven track record of results for industry partners and clients. Their well-established partnership with Foxtons demonstrates how online auctions are allowing independent estate agencies to diversify their offering and drive their sales forward. In the last 5 years BidX1 has sold over 1,000 properties via their partnership with Foxtons, netting over £480 million for their clients.
Jonathan Fenn, CEO of BidX1, said: “We are thrilled to welcome Dedman Gray into the growing BidX1 family. Their unrivalled local reputation and strong client relationships in East Anglia make them an ideal partner as we continue to scale our presence across the UK market. By combining their regional know-how with BidX1’s technology-driven auction platform, we will create greater value, improved transparency and more choice for both existing and new vendors and buyers. This acquisition highlights our commitment to ensuring traditional auction expertise works in modern-day property trading.”
Michael Gray, Managing Director & Founder of Dedman Gray, commented: “Joining forces with BidX1 is a natural next step for Dedman Gray. Our focus has always been on delivering excellent outcomes for our clients throughout the East Anglia region for all sectors of the property market. By partnering with BidX1, we can combine our local experience with a proven digital platform that opens up our auctions to a global audience. Our team remains in place and our clients can expect the same personal, high-level service — now with even greater reach and capability. This is a very exciting time for the experienced team at Dedman Gray.”
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