The sales figure includes the sales of Elders Fine Art & Antique Auctions, Everard & Company, Litchfield County Auctions & Appraisals, Lark Mason Associates, and Witherell's, all the largest associates on iGavel's roster.

Incredibly, 164 lots sold last year reached over £6 500 in the saleroom, and 8 pieces had hammer prices that were over £65 000, which was achieved by no other online auction in 2014.

Elders sold a Chinese scroll for £72 000 and Everard sold a work by Gabriele Münter for over £160 000. Also on the impressive list of sales was a pair of Chinese vases which sold for almost £164 000 at Litchfield Count.

Founder Lark Mason commented on iGavel's great achievements: "The year 2014 will go down as momentous for iGavel."

"I am thrilled to open a new iGavel office in the Texas Hill County in New Braunfels."

"The decision is strategic and is based on the vibrancy of the Texas economy, terrific business climate, the geographic advantage of being in the center of the U.S. and the proximity to Austin, an incubator of tech firms."

Mason, who founded the platform in 2002, is best known for featuring as an Asian art expert on the US version of Antiques Roadshow.

"Establishing an office here allows us to better serve our clients, many of whom live in Texas and the surrounding states."

"Being online is not enough. The key today is service and accessibility and cost. The traditional auction house model that packs and ships items over long distances to a central location is under terrific strain."

Mason was a former director of Sotheby's and his own auction houses specialising in Asian Art. He boasts an impressive £2.8 million sell for a painting, which set a record for Lark Mason Associates as well as it being one of the highest amounts paid for an artwork sold at an online auction.

Current sales include on iGavel include an Art Deco, Nouveau & Modern sale, Asian Art and Jewellery. Check out iGavel on Barnebys.