Seventy-four lots, 100 attendees... err... three bids, and no sales. Welsh estate agents Peter Alan have been blamed for overpricing the properties, but reports suggest that apartments that had at one time seen valuations of £200,000 were offered at £30,000; yet, still no takers.

The auctioneer was despondent throughout and said, ‘Look, have you got any bids at all?’

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