A hard-fought battle of small $1000 bid increases pushed the price of an inner west cottage more than $250,000 above reserve at a “ridiculous” auction.
More than 60 bids were made for the two-bedroom Rozelle property, which was one of 543 homes taken to auction in Sydney on Saturday.With 10 registered bidders in the crowd of 60, auctioneer Paul Millett of Cooley Auctions did not have to wait long for an opening offer forBidding on the freestanding weatherboard started at $1.3 million — already $50,000 above the $1.25 million reserve — then jumped to $1.35 million. From there it mostly went up in $10,000 and $5000 jumps to $1.
After that it was all about adding “just another $1000” with almost 40 more small bids made. “This is ridiculous,” one local said as yet another $1000 bid increase was made at the auctioneer’s third and final call. The 185-square-metre property went on to sell to a young couple for $1,501,000.“I’m not meant to play favourites, but I was really hoping you would get it,” selling agent
Domaincomau Human entitlement at it’s finest
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