27 Closeburn Avenue, PRAHRAN

27 Closeburn Avenue, PRAHRAN

BOUGHT* - $3,520,000
Prams, scooters, trikes and dogs jostled for room on the footpath as auctioneer Gowan Stubbings completed his preamble. Before Mr Stubbings could suggest a vendor bid, Bidder 1 opened with $2,700,000. Mr Stubbings quickly replied with a vendor bid of $2,800,000 and asked for rises of $20,000. Bidder 1 obliged and was promptly joined by Bidders 2 and 3. Fairly quickly, we were at $2,820,000 and Mr Stubbings began to count down to Bidder 2 when Bidder 1 boldly jumped to $2,900,000. At $3,000,000 Bidder 1 asked if it was on the market, 'Not yet' replied Mr Stubbings and asked for more from Bidders 2 and 3. Bidder 2 replied that they were going to wait and watch and Bidder 3 agreed, Mr Stubbings took this time to step inside and seek instructions. Mr Stubbings returned to confirm that we were close and Bidder 2 offered a further $20,000, followed by a strong bid of $80,000 from Bidder 1, taking it to $3,100,000. Mr Stubbings again stepped inside and returned declaring that the property was now on the market. Swiftly, with bids between $10,000 and $50,000 from all three bidders, the price climbed. At one point Bidder 3 lost track of the bidding and needed to check the price before adding a further $10,000. But with each turn, it came back to Bidder 1 who seemed to be holding the reins. At $3,520,000 the property was bought by Bidder 1.
Saturday 9 September 2017, 11:00 AM
Gowan Stubbings, Kay & Burton - South Yarra
Darren Lewenberg, Kay & Burton - South Yarra
Under Hammer

Kathy Russell
Auctions are punch ups - they are not designed for friendly agreement. Get the boxers, the fighters by their trade on your side.
James bids to win.
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