Originally posted by damage
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Most auctions I have been to in the last year involved the auctioneer having a very passionate conversation with himself about what the vendors wished the price was, with absolutely NO action from the floor. About 1 in 5 properties got a single bid from a single bidder, way below reserve, and many of them turned out to be the same offer the same buyer had made before the auction campaign had started.
If you are in a really really desperate hurry then a fixed price can work (as long as it is clear you are giving away the property way below market value).
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