[bonse]

this one is for all you doom mongers out there, the recent meller braggins auction 17 feb, by any standard was pretty catastrophic, 8 properties for sale. 2 sold. 1 sold prior. 1 withdrawn. 4 unsold. by any standard not good for meller braggins. but before you all start sucking your teeth and saying I told you so we are in for a rough time. 4 of the properties are in not very good areas of manc one is a building plot in northwich, one of the sold ones has the gable ends falling out, and someone has made a low bid on a barn conversion. so what I hear you say. if your auction is populated with crap properties you are going to struggle to get anything away. in my honest opinion it is an indicator of very little at all, good properties sell bad ones struggle. fact of life.

[Si1]

bad ones sold very well at peak, big difference to now

[Russe11]

and the point of an auction is?

[bonse]

for the gullible to get over excited and over extended

[howarden]

bonse, on 24 February 2012 - 02:08 PM, said:

this one is for all you doom mongers out there, the recent meller braggins auction 17 feb, by any standard was pretty catastrophic, 8 properties for sale. 2 sold. 1 sold prior. 1 withdrawn. 4 unsold. by any standard not good for meller braggins. but before you all start sucking your teeth and saying I told you so we are in for a rough time. 4 of the properties are in not very good areas of manc one is a building plot in northwich, one of the sold ones has the gable ends falling out, and someone has made a low bid on a barn conversion. so what I hear you say. if your auction is populated with crap properties you are going to struggle to get anything away. in my honest opinion it is an indicator of very little at all, good properties sell bad ones struggle. fact of life.

http://www.mellerbra...ion_results.php

I agree, the Meller Braggins auction is an indicator of nothing at all, sample size is far too small for it to mean anything other than they will be a bit disappointed with themselves for not getting the unsold lots to agree to a lower reserve.

The unsolds ones were odd ones to be in this auction house anyway, Meller Braggins seem to specialise in the pricier end of the market, cheap stuff should go to Pugh, Eddisons or Edward Mellor where you have a room full of the correct type of buyer.