NO RESERVE AUCTION 🤯 $1 Opening Bid for House 5

What did Adrian Portelli's house sell for...?
Agent: Aaron Hill - Ray White Sunbury
#auction #sold #theblockauctioneer
Website: www.tompanos.com.au/
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[@bRightAgent_Aus]

A masterclass. 💛 Thanks Tom!

[@TwiztedHumor]

Did anyone notice how the camera man zooms in on the hot girl and her friend? LOL. Good buying my friend...good buying.

[@Ariahmarakesh]

No? Maybe just you. they also look under 20 ew.

[@hamiltonmcgregor2124]

At 20:48 there is a flash screen that appears and it says "media offline". Why is that?

[@subah007]

Shows that the market is always right

[@FollowTheSunAustralia]

Very entertaining

[@bevis90]

How much did he originally buy this

[@jyap9675]

4.3m

[@Sensei_888]

@@jyap9675 he (AP) paid AU$4,563,245 for it (VIC stamp duty $263,245 + house purchase price $4,300,000)

[@ezza1236]

You can tell this is in Melbourne

[@PrimalEater]

A billionaire with the dress sense of a teen.

[@freedomnews4994]

Why is he making a loss? I thought he puts these places up for his raffles and makes billions? Whats happening all of a sudden?

[@thisismyspout]

You can't buy advertising like this for the 2 million he lost on it.
Big picture.
Public perception. Awareness of your brands.... etc.
Most people live in a very short game of its all about the money coming in today. Tomorrow. Next week.
That isn't how you get rich.

[@navs485]

Ok, I'll ask. Who is Portelli??

[@bigbag4354]

I think it's a tire company

[@navs485]

@@bigbag4354 And a winery as well...

[@ashs5710]

It’s a corner store In Melbourne that sells cigarettes and lighters

[@ezza1236]

How does a drug dealer like this sell a house out in the open

[@elvantonucci695]

how much did portelli lose on this property

[@Luke-wz9wc]

$1m

[@teslamodel3201]

@@Luke-wz9wc Its not a loss, its smart marketing!

[@Sensei_888]

@@Luke-wz9wc @elvantonucci695 @teslamodel3201 ~ he (AP) paid AU$4,563,245 for it (VIC stamp duty $263,245 + house purchase price $4,300,000) and sold it for AU$3,245,000 [minus $65,000 the real estate agent 2% sell fee], which means he lost AU$1,383,245 ...guessing he will claim some of that as a capital gains loss of some-sort but he did get marketing of his image/brand for that loss of $'s anyway so it probably still worked out in AP's favour

[@lllchironexlll]

Sold for $3.245m
Love your entertaining auctions Mr Panos.