CEILING PRICE NOT REACHED
Prior to an Opoho property being offered for sale at a city auction room yesterday, the auctioneer announced that a reserve and a ceiling price had been fixed, and that in the event of there being more than one bidder at the ceiling price, a ballot would be held. Bidding opened at £I2OO, and continued briskly by increments of £SO until £IBOO, when £25 bids were accepted. Bidding then decreased in tempo, the last bid being £I9OO. The auctioneer declared that this did not represent the ceiling price, but on obtaining the approval of a representative of the vendors, the property was knocked down at that figure.
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Bibliographic details
Otago Daily Times, Issue 26197, 6 July 1946, Page 6
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111CEILING PRICE NOT REACHED Otago Daily Times, Issue 26197, 6 July 1946, Page 6
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