Auctioneer Richard Madley believes he may have set a record for the longest time ever taken to sell a single lot.
The Dreweatts Bloomsbury director has been a fine art, classic car and cricket auctioneer for 36 years including, in the past few years, a role as the official auctioneer for the players in the IPL cricket auctions in India.
Now he has taken his first property auction, selling a huge property modestly described as a 'bungalow' for a charitable institution. "Opening the building at 261 crore rupees (£26.1m) and going up in two crore increments, my hammer eventually fell at 372 crore (£37.2m)," he told ATG.
"This is the highest price ever paid for a property in India. The other record I am checking on is whether it was the longest time ever taken for an auctioneer to sell a single lot? I opened the bidding at 10.30am and dropped my hammer at midday - 90 minutes to sell one lot.
"Do any of your readers know of any other examples of bidding at its słowest?"