15 September 2012

auction

We gather in front of the building, on and across the narrow street. The auctioneer, Edward, young, smooth, dapper, rolled up papers in hand, gets us underway right on one, punctual, asks for a bid of 400. A middle-aged woman standing front and centre gives him a nod. She means business.

At twelve thirty the front door opened for the house inspection. For 30 minutes 30 or so people file in and out, shuffle past each other into the tiny bathroom-laundry, open cupboards and wardrobes, stand in front of the gas-log fire, peer out the windows, silver birches to the south, brick walls and roofscape to the east.

By coincidence I receive an email last night from Linzee, former Berengarra colleague. I mention I’m going to an auction in Richmond. She emails back that she’s an aficionado of Richmond real estate. She and her husband own a Richmond investment property, her son’s place is nearby.

When I climb the stairs Linzee is at the top. Her son and his girlfriend turn up a few minutes later. Nice to have company I didn’t expect or ask for. We chat as we poke about in the house.

Back in the street, the auction. No second bid. The auctioneer gets to ‘going twice’ so I stick up a finger, but the 410 bid isn’t mine. Someone on the other side of the street gets the nod. Suddenly the bidding ramps up and we race by tens to 490—and stall. At ‘going twice’ the auctioneer retreats to the house to consult the owner.

The middle-aged woman has the bid and is not going to be beaten. The auctioneer offers to up the bid by one thousand only and a new bid comes from behind the fence. We increase now tentatively by thousands to 495 then suddenly by five to 500. The determined woman has the bid still. All the time she’s giving running commentary on the auction’s progress on her mobile.

At 510 the place is hers. It’s 100 grand more than the bank is prepared to lend me. I’m a spectator, as I expected. Linzee, son and girlfriend and I stand around a while and chat. The girlfriend thought it would go at 700 plus. The son advises me to attend every auction going to get the hang of it all.

Rock on. 

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