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July 3, 2014
Thirty hopeful onlookers waited for a high bidder at the July 1 no-reserve auction of a property once listed at $10 million. In the end, a phone bidder won with a $1.525 million bid for the 11,000-square-foot hillside estate with sweeping Ashland views.
Auctions attract buyers hunting for unique bargains, says Amy Graham, president of the Oregon Association of Realtors, and the state has seen an increase in homeowners not in foreclosure taking this gamble.
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