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Block Shock!

Reading Time:

1 minutes

Published:

31 October 2017

Another Auction failure – Dave Hughes admits he would have paid more!

Proof that Auctions don't get the highest price.

Early this week we discovered that comedian Dave Hughes was the mystery buyer behind the winners of The Block. But, he has now admitted that he would have paid more!

Like most auctions, you’ll find that the winning buyer probably has a cheque for more than 10% of the final bid, giving an insight into how much they were really willing to pay.

Listen to Neil Jenman on why Auctions are not the best way to sell your home:

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“I thought it was going to go for more than that to be honest,” he said. “When you give your guy a limit and you haven’t got to that limit, you’re pretty much going to buy the house.”

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