PASSED IN - $2,227,500

Auctioneer Doug McLauchlan opened proceedings with a $2,000,000 vendor bid on this cool, windy Saturday morning in Glen Iris. A large crowd of around 90 people watched as several parties announced their interest in the Grandview Road home. After a slow start to the auction, four separate bidders attempted to make claim to the property with the bidding reaching $2,227,500. Mr. McLauchlan did all he could to extract as much as he could from the unusually quiet crowd, including consulting a 2-year-old for advice during an extended wait for bids from the crowd. The property was eventually passed in at $2,227,500, which was apparently very close to the undisclosed reserve price.

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