Skip Navigation
StreetEasy

Bloomberg: Wealthy Use Auctions to Sell...

Started by inonada
almost 15 years ago
Posts: 8085
Member since: Oct 2008
Discussion about
Interesting article: http://mobile.bloomberg.com/news/2011-08-30/wealthy-use-auctions-to-sell-u-s-mansions-after-price-cuts-fail.html
Response by needsadvice
almost 15 years ago
Posts: 607
Member since: Jul 2010

"most frequently because they are reallocating wealth to other locations,”

I love that line.

Ignored comment. Unhide
Response by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009

Good article. When we're talking ultra-high end clearly different selling methods are in order.

Ignored comment. Unhide
Response by Brooks2
almost 15 years ago
Posts: 2970
Member since: Aug 2011

humm..... are they financing those?

Ignored comment. Unhide
Response by 300_mercer
almost 15 years ago
Posts: 10723
Member since: Feb 2007

I like how Chadwick was asking for the moon. Not auction minimum is reflecting a real price. It seems that the motto is list at a ridiculous price and then auction with a reserve of fair price.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. New website for The Burkhardt Group
    17 Comments
  2. Cost to Build Affordable Housing
    29 Comments
  3. New construction buildings with problems
    9 Comments
  4. the kids aren’t buying
    22 Comments
  5. Mamdani heading towards raising property taxes
    192 Comments