10 Exon Street, BRIGHTON

10 Exon Street, BRIGHTON

BOUGHT* - $2,710,000
Auctioneer David Hart asks for an opening bid - $2,100,000 was offered from Bidder 1. Deciding to bring us closer to the reserve, Mr Hart places a vendors bid of $2,300,000 and calls for a $50,000 rise. Bidder 2 agrees to $2,300,000 – which is accepted and also Bidder 3 joins the race. Bidders 2 and 3 dig in and even though they cut the bids very quickly from $50,000 to $25,000, the next bid is from Bidder 1 who offers $10,000 and it is accepted. Bidders 2 and 3 continue the race and before we knew it we're at $2,470,000. At $2,520,000 we're on the market while Bidder 2 is under serious threat as no matter what he does, Bidder 3, calm as could be, just raises his hand to advance his lead. Bidder 1 wants to join back in, but Mr Hart said that the house is appreciating faster than they can bid, and it's true because Bidders 2 and 3 are staunch and even though there's a brief pause we are at $2,620,000 while the two bidders draw breath. They rise to $2,700,000 at a lightening pace, and at $2,700,000 Bidder 2 pauses meaningfully and it looks like he's done. Mr Hart advises never to stop on an even number, and while this seems like good logic and Bidder 2 obligingly offers another $5,000, he really is done, and Bidder 3 comes over the top with his winning bid of $2,710,000.
Saturday 19 May 2018, 12:30 PM
David Hart, Buxton - Brighton
Gary Yue, Buxton - Brighton
$2,300,000(Vendor Bid)
Under Hammer

Catherine Ross
First we said no. Then we said yes 72 hours later. Saved $400,000 after auction.
Homes We've Bought

Subscribe to our Market News Newsletter

Be with James

Would you like to talk to us about finding or negotiating on your next home?
We buy 100 homes for our clients every year.
We buy Inner East and Bayside over $2m.

Inside James Market News