Update On 1400 S Michigan Ave Auction

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Quick update: I just spoke with the auction center at 1400 S Michigan and learned something interesting. On the registration cards they ask bidders which condominiums they are interested in. They use this information to sequence the condos for auction, with the most in-demand condos being auctioned first. In other words, the last condos to be auctioned will have the least demand and possibly be the better deals – unless of course all the losers (not meant to be derogatory) end up bidding on the last condos and drive up the prices.

Once again, the auction is this Sunday at the W Hotel on Adams St.

Gary Lucido

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