Well, that was interesting. Just been to my first property auction - with no intention to buy, but it was of a house we'd viewed and liked but didn't quite like the area it was in. I went to see how these things work.
This one didn't
At first
I was alone I was petrified as the bids seemed to be flying in with minimal activity and I was concerned I'd twitch or scratch and end up buying - and then I realised it was all - all of it - off he wall. Not one single genuine bid.
The auctioneer was getting edgy - even saying at one point "come on, I know at least one of you has had a survey done" which kind of gave the game away since by that time the price he'd got to was quite high. In the end he had to admit defeat and announce it withdrawn as "it has not made the reserve" - at which point the owner piped up and said "I'll take less than the last bid"
Oh dear. What a mess.
