New York checks in on some auction results from fledgling "eBay for real estate" site Bid on the City, and it seems like many sellers are clinging to those pesky reserve prices and are afraid to let loose in this down market. The biggest success story seems to be a studio (right) in the new 555 West 23rd Street building near the High Line, which had a starting bid of $299,000, got 26 bids and went for $494,000. [NYM; previously]
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