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.
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