BOUGHT* - $1,681,000

The growing crowd swelled to about 90 people just before Frank Callaghan began his auction preamble. A strong opening bid of $1,400,000 opened proceedings and bidding moved strongly between two people through to $1,600,000. The property was announced on the market at $1,620,000, at which point a third bidder entered the competition and bid in $1,000 rises until she secured the property for $1,681,000. A frustrated under bidder went home empty handed.

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