Was at the Auction as well, There was not any bidders (buyers) anywhere near where I was so I did not get the chance to ask (WHAT THE HECK IS WRONG WITH YOUR MIND ANYWAY).
Seems most went for market to above market. either there were a lot of idiots with way too much credit being made available, or the banks were bidding them up (who knows !!).
This RE downturn may take awhile (unless something drastic happens to the economy anyway).
