New auction house, Auction Inc, launched this month plans to hold its first multiple property auction early next year which will be followed by a national roll-out of the company

A DIAMOND mine was an unusual attraction at the Aucor property auction yesterday when a selection of properties including a complex of three houses, factory and warehouse were on offer at what was described as a “very tough” sale.

THE 32-storey Mariston Hotel, a Johannesburg landmark, will be auctioned this month, one of the biggest buildings to come under the hammer in Johannesburg in recent times.

THE sum of R55m was paid for the Queens Garden Hotel in Berea, Johannesburg, at a property auction yesterday.

Commercial buildings fetch lower than expected prices, but the market seems to be improving.

Perhaps we should not have held it yesterday as bidders could have been holding back to see what sort of budget will be offered, auctioneer Eddie Winterstein said after the sale

The flourishing industrial and commercial property market and the growing popularity of auctions has resulted in an increasing number of properties coming under the hammer, urging Aucor to consider holding two multiple auctions a month.

Aucor's commercial and industrial auction last Tuesday started off with the offer of a small retail centre in Benoni, and ended with the multimillion rand sale of a shopping complex in Sandton, while a short nostalgic interlude for auctioneer Eddie Winterstein featured in between.

Building sold for R29million in Auction Alliance's last multiple sale of the year

AUCOR, SA’s largest auction company, has sold 26% of its business to the family trust of businessman and attorney Tony Tshivhase and his wife Phyllis for an undisclosed sum.