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| Creative Commons Rights: flickr user Diana Parkhouse |
Auctions can be
entertaining and informative. It is not necessary to have an interest in what
is for sale to get excited by the tension as bidders compete for a purchase.
Ebay can cause a stir to bidders as the seconds tick down, but it cannot beat
being in the room of a live auction. Last week I went to Nesbit's property
auction, which has the added attraction of being held in the grand building of
the Royal Marines Museum. I accompanied Matt a student on the University of
Portsmouth's Masters in Property Development. It was Matt's first time and I
think he will be going again. There is a lot to learn at an auction for anyone
involved in property. It gives a good impression of market activity, value and
the reasons for buying and selling.
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