Monday, May 31, 2010

Bottom feeding at a Forced Auction

We've been seeing the ads in the New York Times for a few days: "Forced to Auction - Prominent Attorney - Divorce". We've never been to an auction like this and decided to check it out.

It was a different format than we are used to. The preview was at 1pm and the sale at 2pm. There was a line to get in and registration was required.

They didn't plan to auction everything that they were displaying. One had to express interest (without any obligation) and the item would go in to the auction itself. There were lots of carpets and prints, most of which seemed new. Many items would make good additions if you are in the market for them.

We didn't stay for the auction, but suspect it would be a good bottom fishing exercise. It's Memorial Day after all and who's in town! There was a 15% buyers premium added and NYC sales tax.

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