Monday, May 19, 2014

Beecroft House Sold Moments after Auction

About 55 people attended the auction last Saturday, but nobody opened the biding!  The auctioneer made a bid on behalf of the vendor, $1,050,000, but still none of the six registered bidders raised their bidding cards.  So the auctioneer passed the property in.  People started filing out, but some noticed Douglas Macarthur leading a young couple toward the house, and not long after a "SOLD" sign appeared on the board outside the house!
Some people don't realise that bidding for a property can continue until midnight under auction rules, and this couple took advantage of this to enter a private bid that the owner accepted.  Everyone was happy, except for some disappointed would-be buyers who later asked what had happened.  Doug's response was, "You had your chance, you should have bid at the auction, or come to see me afterwards.  Now the deal is done, sorry."

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