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Property Auctions

Auction ‘ghost bidding’ common practice in SA's Property Industry

Ivor Ichikowitz the chairman of arms manufacturer, the Paramount Group, has lost a battle against The High Street Auction Co, which he accused of faking bids to inflate the price of a property he was buying. ... Full story

Kyalami race track auction signals Investors’ appetite for prime property

Midrand’s Kyalami race track auction deal in which Porsche SA made the highest bid of R205m, is evident that the property market is moving again with deals being concluded particularly at auction events raising investor confidence. ... Full story

Kyalami race track fetches R205-million on Auction

The liquidated Kyalami race track, which has hosted formula one drivers such as Michael Schumacher and Ayrton Senna, today fetched a whopping R205 million from Porsche SA in an auction held at Summer Place in Johannesburg. ... Full story

Julius Malema’s farm fetches R2.5-million on Auction

The 140-hectare cabbage and tomato farm belonging to former ANC Youth League president Julius Malema, was sold for R2.5 million at the auction on Monday, although it is actually worth about R4 million. ... Full story

Auction Avenue achieves R34 million for Greek Island

The 17ha Greek Island in the archipelago between Greece and Italy was snapped up by a South African private Investor for R34 million, revealing investor appetite for auctions. ... Full story

King loses his Quoin for R60.5 million

In what was regarded as one of the highest value liquidation to have ever been held in the Western Cape, the prestigious Quoin Rock Winery and Manor Estate, belonging to businessman Dave King, secured R60.5 million during a packed auction on Saturday. ... Full story

South Coast Mall sits outside focus

Hyprop Investments (HYP) and Redefine Properties (RDF), shared owners of South Coast shopping mall, have opted to auction the property in a bid to focus on more "core" assets. ... Full story

Black auction buyers dominate property sector

Black consumers have become the largest-profile buyers at auctions, according to Auction Alliance chief executive Rael Levitt. ... Full story

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