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Our Auction Participants

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.

 

Recent Successes

Ultra Luxurious Penthouse, Knightsbridge, Century City
Ultra Luxurious Penthouse, Knightsbridge, Century
* 3 Bedrooms, main en-suite and dressing room. * Built in cupboards throughout. * Large lounge, di...
Sold For: R 2,600,000
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5 Bedroom House, Maitland
5 Bedroom House, Maitland
* Erf 24317 measuring approx. 372 square metres. * 5 Bedrooms, big lounge, kitchen, bathroom. * Bi...
Sold For: R 825,000
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2 Bedroom house, Rocklands, Mitchells Plain
2 Bedroom house, Rocklands, Mitchells Plain
* Erf 11964 measuring approx. 180 square metres. * 2 Bedrooms, lounge, kitchen. * Carport. * Zoni...
Sold For: R 189,500
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13 Bedroom house, Belhar
13 Bedroom house, Belhar
* Erf 30012 measuring approx. 350 square metres. * Double storey - 13 Bedrooms, main en-suite, 3 ki...
Sold For: R 780,000
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2 Bedroom Apartment, Simonstown
2 Bedroom Apartment, Simonstown
MODERN LIFESTYLE LIVING * Unit 4 measuring approx. 58 square metres. * Ground floor garden unit....
Sold For: R 658,000
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Recent News

JULIUS BUCHINSKY GROUP LAUNCHES FUNDRAISING AND CHARITY AUCTION DIVISION


The Julius Buchinsky Group launched its dedicated Fundraising and Charity Auction Division, Ayoba, at a glitzy “Oscar Night” fundraising event recently held in aid of 7 year old cancer patient, Emma Fourie.
The auction catalogue was made up of 20 lots of sports memorabilia, wine and rare collector’s items, which were all sold at record prices.

 

KAROO PROPERTY MARKET ‘SET TO EXPLODE’ FOLLOWING SHELL ANNOUNCEMENT

 

According to recent reports in the media, Shell South Africa will spend $200 million on gas exploration projects in the Karoo, with towns such as Graaff Reinet earmarked to benefit tremendously as a catchment and investment hub for the region, says Leno de Villiers, chief executive officer of the Julius Buchinsky Auction Group.

 

Auction Sale of 2011

Sold for R 9,000,000

2 Sunbird Drive, Myburgh Park, Langebaan * 3 Storey Villa situated opposite The Farmhouse Hotel * 5 Bedrooms tastefully decorated, all with en-suites * Movie room, music room with recording studio * Spa and treatment room, playroom with bar, barbeque areas * Indoor pool and gym * Picturistic views of tranquil Langebaan lagoon * Guests have access to parking bays at the Sea Major Villa and The Farmhouse Hotel.