Signode bid of $425,000 pending

 

Terry Redfern of Hazel Green, Wis., places the highest bid of $425,000 during the Signode building auction on Wednesday, May 24. The seller has seven days from May 24 to reject Redfern’s high bid.  Chris DeBack photo

 

Signode bid of $425,000 pending

 

 

By Chris Deback
cdeback@thefayettecountyunion.com

 

 

A Wisconsin man’s bid of $425,000 was the highest bid at the live auction of the Signode building in West Union on Wednesday, May 24.

 

Terry Redfern of Hazel Green, Wis., was the highest bidder. The owner of the building has until today (May 31) to reject the bid; it was unknown whether or not he or she had done so by press time. 

 

Williams and Williams Real Estate Auction in Tulsa, Okla., which conducted the auction, is seeking “back-up bids” for the property. 

 

The live auction took place inside the Signode building and online at auctionnetwork.com. Redfern outbid the approximately 20 other people in attendance and countless others online. The starting bid was $100,000.

 

It wasn’t long ago that the building was on the market for $1.2 million. Cody Lowderman from Macomb, Ill., was the auctioneer. 

 

Redfern wouldn’t divulge his plans for the building or what he does for a living, only saying, “I have a lot of jobs.” 

 

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