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66 Illawarra Road, HAWTHORN

66 Illawarra Road, HAWTHORN

BOUGHT* - $4,330,000
A large crowd took their positions early to see James Tostevin in action this morning and after the first five minutes most would have been thinking there was much they were going to see. But being the first weekend of autumn auctions, what started a little cool, warmed up nicely. With no opening crowd bids Mr Tostevin commenced with a vendor bid of $3,900,000, and after a long silence a break was taken inside. Upon return the silence continued and after reaching the third count a bid of $5,000 was made and accepted. Again, more silence until a question of "is it on the market yet?" with Mr Tostevin advising that "we need a little more bidding than one". This remark seemed to stir up the crowd with Bidder 2 and 3 joining in. With $20,000 rises we quickly reached $4,000,000 and and four bids later at $4,095,000 the question was asked again, with Mr Tostevin assuring the crowd that he will let everyone know when we get there. We passed $4,100,000 and the bids were coming much faster now. At $4,200,000 Mr Tostevin went straight inside to seek instructions and when he returned announced that we were selling. Back and forth in quick succession the two bidders battled it out with Bidder 2 throwing in a few last-ditch efforts to no avail with the property bought by Bidder 1 at $4,330,000.
Saturday 3 March 2018, 10:30 AM
James Tostevin, Marshall White - Boroondara
James Tostevin, Marshall White - Boroondara
$3,900,000(Vendor Bid)
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