BOUGHT* - $1,440,000

On this cold, crisp and sunny morning a crowd of 50 gathered to watch this double-fronted period residence go under the hammer. Kaine Lanyon placed an opening vendor of $1,100,000 before two potential buyers emerged from the crowd. Bidding was fast until the property was announced on market at $1,380,000 (Actual reserve $1.2M). From here bidding slowed until it reached a final result of $1,440,000. I thought Mr Lanyon did a wonderful job at this auction and whilst it took a while to get started it was a strong result in the end.

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