Solaria’s auctioneers fail to get it up very high

Please see today’s update on the auction.

Some 300 individuals showed up for the auction of 54 units at Riverdale’s troubled Solaria condominium for four hours of bidding today.

Although the results failed to impress either me or apparently the roughly 10 percent who were left by the end the auction at a mid-Manhattan hotel, people from the auction company, Real Estate Disposition Corp. (REDC), said they were pleased.