Monday April 6, 2020

Price drops at BidX1 auction achieve some mixed results

Reductions in reserves saw some lots sold for more than their previous guide prices, but others failed to sell even at the reduced guides

23rd September, 2018
4
Benbulben Suites in Sligo sold for €3.171 million

There was a mixed response at BidX1’s two-day auction last week to the auctioneer’s efforts to entice bids by reducing the prices of 54 of the 400 lots on offer.

Jonathan Fenn, director of BidX1, said the reduction in reserves was not a reflection of overall market trends, but simply part of a marketing campaign to attract interest for those properties which had shown low levels of advance interest from possible bidders.

The...

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