The Stranger has details on the Press condo auction, The New Condo Market:
On average, the 15 condos in the Press buildings auctioned for about 80 percent of their listing price and over 30 percent of their starting bid.
Any readers attend?
Update: The Stranger has a humorous follow up story making me regret not going and getting some video footage, Why Pay More? :
Everyone I spoke to before the auction said they would not bid above $300,000; however, not a single unit sold for less.