PASSED IN - $1,400,000

With the smoke alarm ringing in my ears and everybody else’s it was maybe an omen this was going to be a hot auction. The quote was $1,250,000+ and that seemed pretty low to me for what seemed like a lovely, little, quaint, well renovated, classic, Canterbury double fronted (Is that enough adjectives?) Walter Dodich is conducting today's auction in front of a seemingly alive crowd of around 100 - good turnout. A good spiel - on time, succinct and then down to business. A good loud $1,300,000 opening bid - I like Bidder One. C'mon where are the rest of you. Bidder Two tries to get in a $10,000. No, says Walter – however a real Bidder Two comes in at $1,320,000 – several strong $20,000 bids to $1,400,000 and we have a half time break. So is it on the market? Well no, it's not on the market – seemingly another bulltish quote then. And so we proceed to a boring pass-in. Couple of people come up afterwards quite irate - saying "I was quoted $1,100,000 and now we hear the reserve is $1,500,000". Disappointing but unfortunately not uncommon.

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