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THE REGULAR AUCTION PARTICIPANT
There are only 4 types of participants at any auction. They are; 1. THE INQUISITIVE INVESTOR A person who uses the auction floor to monitor prices achieved on auction and the various trends and developments in the auctioneering market. They generally own or market property and capital assets and are considering disposing of such assets through the Julius Buchinsky Group. Our 2009 internal statistics show that approximately 10% of auction sales were knocked down to the Inquisitive Investor. 2. THE PROTECTIVE INVESTOR The Protective Investor, generally a financial institution, legal firm or lending institution only attends auctions when their property values require sales protection. Such properties are generally regarded as “Executable” or “Sale in Execution” properties and this happens when property owners or bond holders default on their repayments. As a result properties are then legally repossessed and sold “Voetstoots” and without “Reserve” in order to recover any arrears. In the event that such properties become “Executable”, Protective Investors would attend the Sale in Execution in person or by Proxy and could then legally bid up to the bond or value of arrears in order to protect their financial investment, where after legal action against the default party would be instituted. Our 2009 internal statistics show that approximately 23% of auction sales were knocked down to the Protective Investor.  3. THE SPECULATIVE INVESTOR A person who regularly attends and buys at auctions. They are generally highly skilled auction shoppers who generally buys on auction to sell for profit thereafter. Low or no reserve auctions are their main interest and they sometimes form groups or syndicates to purchase properties in order to spread the risk and collectively share in the rewards when such auction purchase are sold privately at a profit. They are the live-blood of economies around the world and approximately 35% of all auctions sales for 2009 were knocked down to these entrepreneurial investors. 4. THE SERIOUS INVESTOR A person who generally buys property on auction for private use or invest in property for medium and long-term capital growth. Serious investors are generally meticulous in analyzing the properties they intend to purchase and they usually study property values and market trends in order to make informed decisions when purchasing. During 2009 approximately 32% of all properties were knocked down to the Serious Investor, who usually buys at Reserve or within the Market Value Zone of properties.
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