The South Florida Sun-Sentinel has a new article up about the increasing popularity of live auctions in todays market where particiapats are finding few bargains.

From the article:
When she saw an advertisement for the Great South Florida Real Estate Auction on Saturday, the Plantation resident rushed over to the Broward County Convention Center to take her chances. She brought along a $2,500 registration and bidding fee and quickly set her sights on a three-bedroom, two-bath single family home in the Breezeswept Park Estates in Plantation.

A few others among the 2,000 who filled the Floridian ballroom also liked the property. The winning bid was $292,000.

"That's overpriced," said Brown, 48, a school board maintenance employee. "I know the houses in that area. It's a nice area, but it's no $300,000 house."