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International Auction News


"Fierce competition between bidders" at Dubai auction

Dubai has held its first online property auction on the eMart initiative recently launched by the Dubai Land Department, designed to provide “a simple and convenient exchange centre” for private and public real estate information...



Property auction fever in Ireland

It was standing room only at this week’s record breaking Irish property auction, hosted by Allsop Space, which sold in excess of €24m (£20...



Auction of Michael Jordan's mansion is suspended

Michael Jordan’s 56,000 sq ft mansion in Chicago, which was supposed to be auctioned off recently, remains on the market for sale after the planned auction was suspended, according to TMZ...



Buyer’s property market in Melbourne

The Melbourne property market is continuing to slow, as reflected by the latest auction clearance rate which slipped again over the weekend...



Biggest auction day of the year

Sydney’s property market continued to go from strength to strength last Saturday, with a number of buyers bidding for almost 900 residential properties that went under the hammer in just one day...



Department of Defence to sell 10 Irish properties

The Department of Defence in Ireland has instructed the Real Estate Alliance (REA) to sell 10 properties by auction with an estimated value of €750,000...



Dallas property accidentally bulldozed

The purchaser of a vacant house in Dallas was horrified to learn that the property, which he snapped at an auction, had been demolished shortly after he acquired it...



Michael Jordan’s Chicago home to go under the hammer

Michael Jordan’s property in Chicago is set to be sold at auction later this month. The Basketball legend’s grand estate, which measure 56,000 sq ft, was first put his grand estate on the market for $29m (£18...



German auction to feature €100m worth of properties

Auction.com, the US online property firm, will conduct two sales events in Germany next month which will consist of 46 assets collectively valued at in excess of €100m (£85m)...



Irish property auction raises £10m

Allsop Space successfully held their October auction on Tuesday in Dublin at the RDS. Some 94 lots were sold raising €11...



Australian property auction clearance rates improve

The Australian property market on the weekend recorded a strong 76% rate from 826 auctions reported to the Real Estate Institute of Victoria (REIV), while research house RP Data struck 73...



Beijing auction halted as prices soar

A land auction in Beijing, China, was halted last week as record land prices fuelled expectations of further residential property price gains and rising housing sales...



Eminem's childhood property up for auction

Eminem's childhood home, which appeared on the sleeve of the rapper's 2000 album 'The Marshall Mathers LP', has been put up for auction in north east Detroit, USA...



Property for sale in France

Eddisons has been appointed, on behalf of the Trustee in Bankruptcy, to market a property in the South of France, near Cannes, for sale...



Greece host eBay-style auctions to sell state property

With the Greek economy and housing market on its knees, the country’s government has reportedly turned to online auctions to offload state property in a bid to raise much needed finance...



Versace’s mansion sells for £26m

The former house of the murdered fashion designer Gianni Versace has been sold at auction in Miami for just over $41m (£26m)...



Auctioneers want Irish property industry monitored

Auctioneers would like to see a new dedicated Property Council set-up to oversee the future of the property industry in Ireland...



Packard plant property set to be sold at auction

The Packard plant property in Detroit looks set to be sold at auction after financial backing for a proposed buyer fell through, a county official announced this week...



Record auction clearance on busy weekend in Sydney

Sydney, Australia’s largest housing market, has recorded its highest auction clearance rate since 2009, with an entire precinct of 159 luxury units snapped up a few hours...



O.J. Simpson’s Florida home to be auctioned

The South Florida property belonging to imprisoned former football star O.J. Simpson will be auctioned off in October as part of a bank foreclosure proceeding...



Melbourne auction clearance rates rise further

The residential property market in Melbourne, Australia, continues to go from strength to strength, reflected by last weekend’s property auction activity...



Strong interest for Gianni Versace's Miami mansion

Gianni Versace’s former Miami mansion is attracting a lot of attention from a wide range of high-profile bidders ahead of next month’s auction, according to Fisher Auctions, the firm instructed to sell the property...



Historic U.S. property to go under the hammer

A 1760 farmhouse near York Springs in Pennsylvania will go up for auction on Saturday 24 August, along with a selection of antique furniture and farm equipment...



No bids for house where three sisters were killed

The residential property, where one of the most infamous murders in recent U.S. history took place, failed to sell at auction this week, after attracting no bids...



Australian property auction clearance rate rises further

Despite Australia's upcoming election, the country’s housing market remains buoyant, with around 80% of properties selling at auction in Melbourne and Sydney over the weekend...



Free tickets to A Place in the Sun Live

We have teamed up with A Place the Sun Live to offer all readers FREE tickets to the overseas property show which takes place at the NEC Birmingham on 27th--29th September...



Property auction results remain strong down under

The property auction clearance rate in Sydney remained strong last weekend at 80.8%, while Melbourne recorded a solid clearance rate of 70...



Rental properties near Indiana University to be sold

Property investors will be offered the opportunity to acquire a multitude of Indiana rental properties near Indiana University in Bloomington, when a portfolio of student units is put up for auction in August...



Abandoned Dublin auction to go ahead at later date

A Dublin property auction which was abandoned for safety reasons early this month amid protests and insults, including shouts of 'Black and Tan b*****ds', will still go ahead at a later date, according to the auctioneers...



Sydney property auction market remains buoyant

Sydney’s property auction market continued to attract an array of homebuyers last weekend, selling 81% of the homes on offer, according to Australian Property Monitors (APM)...



Discounted Spanish properties to be sold at auction

Around 15,000 state-owned Spanish properties will be sold in a bid to raise hundreds of millions of pounds for the country’s flagging economy, with many of these properties expected to be sold by auction...



Property investors charged £870 to attend sales auction

With demand for properties in Dubai hotting up, Nakheel, one of the emirate’s master developers has started to charge investors AED5000 (£870) each to attend its sales auctions, which featured a wide selection of properties in Dubai...



Over 120 properties to be offered at Irish auction in July

An excise building will be among 121 properties with combined reserves totalling €12.1m (£10...



Housing shortage forces buyers in Sydney to pay over the odds

Sydney property prices are being forced upwards due to a general shortage of available stock in some parts of the region, according to various reports...



Rotating property to be sold at auction this week

A spectacular high-tech house which can rotate 360 degrees will go up for auction this week. The four-bedroom revolving house, which is located in Canberra, Australia, operates at the touch of a button, allowing it to literally follow the sun throughout the day...



Over 40 U.S. properties to be auctioned online

There are only a few weeks left before Micoley.com's May 18th auction event, but people don't have to wait to bid on any of these U...



Homes go under the hammer in Dubai

The Dubai Land Department ( DLD ) sold a total of 11 properties in Dubai this week, raising Dh85.69m in the process – an average of 11...



Sellers turn to auctions to offload homes in Australia

With Australia property market conditions rapidly improving, a growing number of homeowners are turning to auctions across the country to sell their properties...



NFL star’s house ordered to be sold at auction

A circuit court has ordered the auction of Pittsburgh Steelers wide receiver Plaxico Burress’ house in Virginia Beach to be sold at auction to pay for the $159,000 (£105,000) compensation owed for injuries caused by the American football star in a 2008 traffic accident...



Prime properties in SA to be auctioned off

Auction Avenue has announced that a wide variety of prime properties in South Africa will feature in their next Commercial Multiple Auction on the 11th of April at the Maslow Hotel in Sandton, Johannesburg...



Property in Melbourne sells for $1m above reserve

Despite the traditionally quiet Easter period for the Australian property market, a pair of Hawthorn houses in Melbourne sold for close to Aus$2m (£1...



Singapore property auction market sales hit £40.6m

There was a sharp rise in auction property sales in Singapore during the first quarter (Q1) of this year, with the total amount raised rising by 21...



Buyers rush to snap up auction properties in Australia

Super Saturday saw a flurry of sales activity as buyers snapped up homes, suggesting that market conditions are rapidly improving...



British buyers eye properties in Ireland

With Irish property market conditions improving, a growing number of potential British buyers are keeping a close eye on the Irish property market, the latest research from Rightmove Overseas suggests...



Saudi Sheikh’s former home to be sold at Irish auction

Glenmore House in Clonee, Co Meath, Ireland, which was once owned by a Saudi Sheikh is to be sold at auction next month at a fraction of its peak market value...



New commercial property auction to launch in Sarasota

Ian Black Real Estate in cooperation with Auction World USA will launch a first of its kind commercial real estate auction in Sarasota next month...



Claim your free tickets to A Place in the Sun Live

Property Auctions Today has teamed up with A Place the Sun Live to offer all readers FREE tickets to the brand-new-look show which takes place at London Olympia on 12th-14th April...



Largest ever Irish property auction takes place in Dublin

Allsop Space held Ireland's largest ever property auction at The Shelbourne Hotel, Dublin 2, on Tuesday 5 March...



Oscar winner sells home at auction

Filmmaker Adam Elliot, who won an Oscar for his 2004 short Harvie Krumpet, has sold his home in Australia...



Roger Whittaker’s home to go under the hammer

World famous singer/song writer Roger Whittaker is selling his Galway home at Allsop Space’s property auction on 1st March at The Shelbourne Hotel, Dublin...



Just one home sold at Dubai property auction

It would appear that vendor price expectations were too high at the first private auction held by Dubai Land Department (DLD) this year, after just one out of the nine properties on offer at February's auction were sold...



No more repossessed Dubai properties at DLD auctions

The Dubai Land Department (DLD) has announced that it has halted auctioning repossessed properties, but the firm, which auctioned 120 properties last year, will continue to auction privately-owned properties...



Irish property auction prices higher than private treaty

The market is not the domain of the cash buyer and prices achieved at auction can be higher than private treaty, as Allosp Space’s Irish property auction results for 2012 show...



New Zealand property auctions prove popular again

There was a sharp increase in the number of homes sold at auctions in New Zealand last year as more buyers and sellers looked to trade property without the risk of gazumping...



Luxury US property sales success for Concierge Auctions

Having auctioned unique luxury properties across 23 US states, typically valued between $2.5m (£1...



Foreclosed Dubai properties prove popular at auction

Two foreclosed apartments in Downtown Dubai were sold last week at 78% and 52% higher than the reserve prices, suggesting that the Dubai property auction process is becoming an increasingly popular way to acquire a home in the emirate...



Irish property auction attracts 1,900 bidders

Allsop Space’s Irish auction raised €14.3m (£11.6m) from the sale of a wide range of commercial properties in Dublin, after attracting in the region of 1,900 bidders...



Buyers’ market in Sydney as auction clearance rate falls

The property auction clearance rate in Sydney, Australia, plunged last weekend as many prospective homebuyers turned their attentions to buying Christmas gifts rather than property, marking the start of the traditional festive season slowdown...



Up to 80% off property prices at auction in Limerick

A wide selection of heavily discounted properties will go under the hammer at a property auction in Limerick, Ireland, next month...



Shopping district to be offered at auction in Dublin

Allsop Space’s latest Irish property auction catalogue will feature the largest number of commercial properties to be offered in a single day in Ireland...



Rich Chinese buying New Zealand homes at auctions

Wealthy property buyers from China are snapping up properties in New Zealand across the country, particularly in Auckland, driving up prices in the process, according to concerned estate agents...



Actor Robert Taylor's former LA ranch to be sold

Billy the Kid star Robert Taylor's ‘western-inspired’ ranch which was once valued at $65m (£41m) is to be sold at a cut-price auction for a guide price of $19m (£12m)...



Allsop auctioneer attends Women of the Year Awards

Daphne Mahon, who made property history this year in Ireland by becoming Allsop’s’ first female auctioneer in 106 years, was invited to attend The Woman of the Year awards which took place last week...



Over 780 lots sold on Melbourne's biggest auction day

Investors and developers were among those who acquired auction properties in Melbourne, Australia, last week, with in excess of 780 residential properties going under the hammer in a single day...



Allsop Space hold record auction

Allsop Space hold record auction Allsop Space’s October auction raised a staggering €17...



Allsop Space release their largest ever catalogue

Allsop Space, the Irish property auctioneers, have released their largest catalogue to date featuring 130 residential and commercial properties from across Ireland, ahead of the company’s next sale which will take place on Wednesday 3 October at the Shelbourne Hotel, Dublin...



Real Estate Alliance plans series of Irish auctions

Real Estate Alliance is hoping to break Allosp Space’s stranglehold on the Irish property auction market by holding a series of auctions over the next few months...



Australian homeowners shun auctions for private sales

A growing number of vendors in Australia are opting not to sell their homes via auction – the more traditional method of selling homes in Australia – and are going down the private sales route instead in a bid to beat the slow market...



Dubai properties to be listed on auction website

Property management firm Asteco Property Management has joined forces with property auction website LFC International to help vendors in the UAE sell their homes via auction...



Over 20,000 foreclosed homes in Detroit up for auction

A record 22,504 properties will go under the hammer next month in Wayne County, Detroit, because homeowners fell into financial arrears, acting as an indicator that the aftershocks from the USA property market crash are far from over...



Australia's auction clearance rates slide

The property auction clearance rate in Australia fell last week, according to fresh figures produced by Australian Property Monitors (APM)...



Foreclosed mansion in Hamptons, USA, up for grabs

A foreclosed $12m (£7.7m) mansion in the celebrity-filled Hamptons enclave of Sagaponack, widely considered to be the USA’s most expensive small town, is to be sold at auction...



New luxury homes up for auction in Turks and Caicos

Jim Gillette, the former front man of glam 1980’s metal band Nitro who now owns a property development firm in Turks & Caicos, is developing a luxury property scheme which is to be part auctioned...



Record auction price paid for land plot in Beijing

A new record high price of £265m (2.63bn yuan) was paid this week for a land plot in Beijing despite the fact that the property market in China has cooled down since regulations were tightened in 2010...



Huge appetite for auction properties in Ireland

Allsop Space’s July auction raised €11.3m (£8.9m) with a success rate of 95% and 82 properties going under the hammer...



Entire town in Montana to be auctioned

Williams & Williams, the auction firm that recently sold the "Smallest Town in America," Buford, Wyoming, has announced it will auction the entire town of Garryowen, Montana on Wednesday 15th August...



Over 7,300 auction properties sold in Melbourne

In excess of 7,300 properties have been sold at auctions in Melbourne, Australia, during the first half of this year, as investors and end-users aim to take advantage of the slowdown in the market...



‘Transparent’ investment opportunities in Illinois, USA

Attorneys’ Title Guaranty Fund, Inc. (ATG) has announced the launch of Auctions by ATG, its new subsidiary focused on Illinois property auctions...



Music legend’s Tennessee home to be sold

U.S. firm J. P. King Auction have been instructed to sell the home of music country legend George Jones in Franklin, Tennessee, on 7th July...



Landmark Roy Rogers Ranch to be auctioned

The landmark Roy Rogers Ranch in the USA, previously owned by Roy Rogers and Dale Evans, two of the most popular cowboy and cowgirl entertainers of their generation, will be auctioned on Thursday, July 12 at 6pm by Williams & Williams...



Fifteenth century castle to be sold at major Irish auction

A fifteenth century castle, a prestigious Georgian townhouse and an entire housing estate are just some of the highlights in the latest property catalogue released by Irish auctioneers Allsop Space...



Private island in Florida sold for just £166,000

A 1.4 acre private island on the Caloosahatchee River in Fort Myers, Florida, was sold in an internet auction last week for $258,000 (£166,000)...



Private island in Florida to go under the hammer

A 1.4 acre private island on the Caloosahatchee River in Fort Myers, Florida is available to buy at auction this week...



Property investors gamble on U.S. auction lots

A growing volume of high rolling property investors are eyeing the U.S. auction market, where it is estimated that around 1...



Merlin property auction fails to work its magic

Only five of the 20 properties offered at Merlin’s second property auction in Ireland last week actually sold...



Hunger Games' village up for auction

A town in North Carolina that became District 12 in the Hollywood blockbuster ‘The Hunger Games’ will go under the hammer in July...



Country Club in Oklahoma up for sale

Williams & Williams has announced that it will auction Indian Springs Country Club in Broken Arrow, Oklahoma...



Property investors snap up auction lots in Ireland

Allsop Space’s May auction raised €13m (£10.5m) with a success rate of 91% after 98 properties went under the hammer last week...



'MacGyver's' floating house up for auction on eBay

The floating house that belonged to Secret Agent Angus MacGyver in the popular TV show has been listed for sale on eBay...



JLL Auctions launched in Abu Dhabi

A new Joint Venture Partnership between Al Nowais Group and Jones Lang LaSalle (JLL) MENA will result in the creation of JLL Auctions, the first industrial auctioneers acting under a private license within the Emirate of Abu Dhabi...



Bargain mansion available for JUST £20m

A 17-bedroom mansion in Southern California once valued at $87m (£54m) is now set for auction at JUST $32m (£20m)...



Nakheel to hold private auction in Dubai

Dubai-based master developer Nakheel has put two five-bedroom villas on Jumeirah Islands up for private auction, with opening bids starting from Dh15m (£2...



Greater demand ahead of next Irish property auction

With just three weeks to go until the next big property auction in Ireland, a new report from property consultants Savills shows that demand is hotting up for homes in the country, particularly in the greater Dublin area...



Foreclosed homes to be auctioned in Dubai

The Dubai Land Department has announced plans to auction off up to 80 foreclosed residential properties in Dubai this year in a bid to recover losses on non-performing loans...



American town sold at auction for £565,000

An outpost billed as America's smallest town, complete with its own schoolhouse and gas station, has been sold at auction this week for £585,800...



Foreclosed house in Arizona, USA, being auctioned for a penny

A recently foreclosed house in Glendale, Arizona, which was valued at $127,300 (£81,000) in 2010, is up for auction, with bidding starting from just a penny...



Repossessed Spanish homes to be auctioned at A Place in the Sun Live

The Crest Group will be holding a live auction of distressed Spanish homes at A Place in the Sun Live, which will be taking place at Earls Court, London, on 30th March - 1st April 2012...