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18 Greville Street, PRAHRAN

18 Greville Street, PRAHRAN

BOUGHT* - $2,925,000
The crowd was vying for the shade at one of the last auctions today. James McCormack was at the helm and began the auction with a vendor bid of $2,600,000. We didn't have to wait long for Bidder 1 to come in for $20,000 followed by Bidder 2 with the same rise. Back and forth the two battled for a few rounds when Bidder 3 came in at $2,735,000 and asked if we were on the market. Mr McCormack advised we were not and took another rise from Bidder 1. Bidder 3 was not keen to give another bid till he knew reserve had been reached and with no other bids a break was taken inside. Upon return Bidder 3 was keen to only offer $5,000 and after no other engagement from the crowd the $5,000 bid was accepted, though we were still not on the market. Bidder 1 tried one last effort and Bidder 3 came back for another $5,000 and the property was passed in for private negotiations.
Saturday 25 November 2017, 2:30 PM
James McCormack, Marshall White - Stonnington
Dean Gilbert, Marshall White - Stonnington
$2,600,000(Vendor Bid)
After Auction

Rhianna Hoyle
Under quoting actually works for the experienced buyer by confusing the inexperienced buyers.
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