Ben Miller over at the PSBJ has a great post on his experience at the Lumen Auction. I agree with him on the vibe of these auctions but differ on the attractiveness of the Lumen final prices. I suspect a few years from now, most of us will wish we got in at some of these prices.
As an example, someone got a brand new 1,272 square foot condo for $355k (they paid half of the original $712k asking price). Here's a couple of charts summarizing the results.
