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The State of Auctions

The Times just ran a piece on the growing number of auctions in the city, with a focus on the Winfield in East Harlem. Though we're hearing more about auctions lately, it's important to keep things in perspective. They say "fewer than 10 live, in-person auctions have taken place in New York City since the housing bubble burst three years ago. Only about 75 units have changed hands in this way." Let's see what that number is this time next year. Place some bets amongst yourselves to make it fun. [NYT]