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Past auctions now show contract price

Tuesday, Mar. 31, 2009 - 12 pm | Aaron McKee, CAI, AARE, ATS

You may have noticed that our past auction results for real estate have reported the contract price – the sales price including the buyer’s premium – while all other kinds of assets have reported simply the winning bid price. Effective April 1, 2009, past auction results for all categories will now be listed with the contract price.

Since April 2002, Purple Wave has listed and sold over 218,000 items in over 950 auctions. These data are an invaluable resource for anyone evaluating the fair market value of assets in the Midwest. It is our hope that reporting the total sales price will make this data more relevant to anyone reviewing our past sales results.

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