Monster Auction on today in Auckland
Up to 100 homes in 65 lots are being auctioned today in Auckland, all at the one venue, the Telstra Clear Pacific Events centre, reports TV3.
To encourage buyers to part with their money, the organisers have decided to combine a large volume of properties with appeal for all sizes of chequebooks. They report the organisers as saying the price ranges for todays homes were expected to cover a broad spectrum from $180,000 to over $2m.
Although similar such large scale auctions have been conducted overseas, this they believe is the first time it has been held in New Zealand. Interestingly after the first 16 auctions, 2 were sold prior, and 1 sold under the hammer with rest passed in. The organiser commented that a lot of properties don’t sell under the hammer on the day, but will sell in the next 1-2 weeks.
From experience as long as the auction process has been handled correctly, there is definite merit in that.
To add to the exictment theres models, balloons and a DJ invloved. Now thats probably something we haven’t seen before.
November 25 2008 01:40 pm | Nelson
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