Attended the JHWalter Lincoln Property Auction at the Bentley Hotel. Much of the auction items consisted of land and sold for guide price in most cases. As usual there was a bogie, which was a 0.66 Acre of woodland at Winson Hill, Egmanton, Newark. Priced at £5,000 this was clearly going to sell for a lot more…
Upon announcing this lot, the bidding frenzy began and eventually ended up at £16,500. All round a good days work the for the auction house.
Next auction planned for the Autumn 2007, with the typical 20+ lots included, could be more land than property. I guess we will have to wait and see…