oc | Monday 9th December

16 Hardwicke Street, BALWYN


16 Hardwicke Street, BALWYN


Under Hammer
3145500
1
BOUGHT* - $3,145,500
Auctioneer Scott Patterson’s preamble touched on what a family-friendly property and area this is. After running through the rules, and the property’s history, he kicked off with encouraging the crowd to “tell me what you think it’s worth”. After an initial vendor bid of $2,700,000, the first bidder offered $2,750,000. There was a second vendor bid of $2,800,000 before Mr Patterson announced that there would be no more vendor bids hereafter. Someone else spoke up with a $5,000 rise but was declined to which the same bidder offered a $10,000 rise, which was accepted. Bidding was a three-horse race, with sizeable increments being achieved initially. Then “one thousand” was called out, prompting laughter from the audience, followed up by a couple of repeat performances. When the price reached $3,140,000 Mr Patterson sought vendors’ instructions. From there, the property was declared on the market. Mr Patterson tried to entice further audience participation but the bidding increments didn’t return to their previous levels, with the hammer finally falling at $3,145,500.
3
Saturday 23 November 2019, 2:00 PM
Scott Patterson, Kay & Burton - Hawthorn
Sophie Su, Kay & Burton - Hawthorn
$2,800,000 - $2,980,000
$2,700,000(Vendor Bid)
$3,140,000
Under Hammer
3
80
Expected/Normal


Jo Gallagher
Auctions are punch ups - they are not designed for friendly agreement. Get the boxers, the fighters by their trade on your side.
James bids to win.
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