150 New York properties to be auctioned Sunday

June 02, 2009 08:40AM
A Bid on the City auction

Real Estate Disposition, which held a real estate auction in Manhattan in March, will hold another auction this Sunday at the Grand Hyatt New York. More than 150 homes will be sold to the highest bidder registered on the company's Web site, Auction.com. In March, 207 homes were sold for a total of $18.6 million. As of last week, there were 1,675 attendees registered for Sunday's auction. The company will likely hold another New York City auction before the end of the summer. The Real Deal attended a Manhattan property auction for a recent Webcast. [Crain's]

Tags: auction.com real estate auction real estate disposition

Comments

VallotAuctioneers

It's not a great selection of properties in my opinion, but the pre-registration numbers indicate there will be robust bidding.

Comment #1 Posted By: VallotAuctioneers 06/02/09

Anonymous

Plenty more to come.

Comment #2 Posted By: Anonymous 06/02/09

Anonymous

If auctioning is so effective and works so well, then the biggest property auctioneer, Sheldon, wouldn't be going bankrupt.

Comment #3 Posted By: Anonymous 06/02/09

Anonymous

Stephen Good, the prez of Sheldon Good, killed himself in January and the company is going down. It's not that RE auctions are ineffective.

Comment #4 Posted By: Anonymous 06/03/09

Anonymous

Sheldon Good are the dinosaurs of auctions. They need to adapt to more sophisticated buyer or go bankrupt

Comment #5 Posted By: Anonymous 06/03/09

Anonymous

Bid On The City is a totally different website than Auction.com shady...

Comment #6 Posted By: Anonymous 06/06/09

Realtynomics

Interesting that so many people still show up to auctions like this one.

Comment #7 Posted By: Realtynomics 07/12/09

Leave a Comment

(optional)
(optional)

The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.