CHICAGO—As reported yesterday in GlobeSt.com, Sperry VanNess recently launched a Chicago-based franchise, calledAuctionWorks, and the new venture will host amulti-property auction online from June 23 to the25th. Diana Peterson, the president andpart-owner, tells GlobeSt.com that such online marketplaces are“definitely becoming more popular across the board.”
“I've found that live auctions were not very exciting becausethe best properties usually sold long before the auction,” sheadds, and the online method combines efficiency and conveniencewith the competitive bidding an auction inspires. Previously,Peterson was an executive vice president of Auctions byATG, where she was responsible for building the firm'sauction platform.
This new auction, the firm's second one online, has attracted arather eclectic collection of 27 properties, mostly in Illinois, by8 different sellers and ranging from two luxury homes on the NorthSide, other South Side dwellings, industrial property, retailproperty in suburban Glen Ellyn, and even some vacant, bank-ownedland.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
