Is the auction room a true test of value?

Murphy, G.

Is the auction room a true test of value? - 1999 - New Zealand Valuers' Journal November 1999, 4-11(4) .

Summary of a talk given at the ISVA One Day Conference 1999. Looks at the history of property auctions, discusses open market value and considers whether auction sales represent a true test of value. Refers to unusual properties, special buyers, marketing techniques and commercial property auctions.


Auctioneering
OPEN MARKET VALUE
PROPERTY TRANSACTIONS
Valuation