The last one we discussed here was a party. Participants on all levels were giddy . MlS type prices were paid.The pictures and coverage in the Tribune looked made it look like some sort or uplifting and regal event, champagne and all. Foreclosure auctions are not supposed to be public fun. This really speaks to a hangover from the mania. I agree the better deals are down the road but a flop here might be a good “Bellwether” and also perhaps be good for negative Pyschology. We are also in the traditional slow selling season. All the bad news a possible convergence of market ills comes down on this one. I am not saying it is going to happen. It just seems like there is a possibility. If the “success” compares negatively to the last one, which it should, that alone will be interesting.