Carlyles Watch Auction UPDATE

The much talked about Carlyles Watch Auction took place this past weekend. Reports are that:

"Gasps were heard throughout the room as units sold at such low sums" source.

Reported prices are:
Penthouse unit: Original $770,000 2 + den/ 2bth 2286 sqft - sold for $410,000*

Other units:
702: original $450,000 2br/2bth 1475sqft - sold for $290,000*
202: original $450,000 2br/2 bth 1475 sqft - sold for $218,000*
403: original $250,000 1br/1bth 811 sqft - sold for $156,500*
705: original $360,000 2br/2bth 1185 sqft - sold for $220,000*

Reportedly, the last 12 units or so on the board were offered at a bid of $133,000 (all contingent on seller approval). About 6 people raised their hands.

*every unit was sold with the 7.5% additional premium

Worth noting are the original sold prices before the auction (pictured on the left, click to enlarge).

View the Auction Availability List here.

View my Auction related post here.

Please note: I did not attend the auction, this information is from several different sources online. Accuracy cannot be guaranteed.

UPDATED: Read the Columbus Dispatch article on the Auction here and 10TV's video here.

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