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VIDEO: HOW AN AUCTION WORKS

Charlotte
VIDEO: HOW AN AUCTION WORKS
VIDEO: HOW AN AUCTION WORKS
Ever wonder how one of those auctions on the courthouse steps works? Our intrepid Bisnow Atlanta reporter filmed the video above this week as the iconic 55-story Bank of America tower in Midtown was auctioned for $235M (going back to its lender)much less than the $400M-plus BentleyForbes paid for it in 2006.
 
VIDEO: HOW AN AUCTION WORKS
In case you haven't seen the Atlanta skyline lately, here's the 1.3M SF skyscraper, which has been a staple there since 1992.