The land auction held at the Lake County Courthouse ran aground Tuesday afternoon when the principal buyer of the property near Lake Madison learned that the asking price had doubled since his last meeting with the county commission.
Chuck Sutton, a local auctioneer working for the county, had opened the bidding for 9.93 acres between SD-19 and Lake Madison at $112,000, the average of three estimates performed to determine the land’s value. The auction — held in the commissioners’ meeting room for about a dozen people — soon closed when Sutton did not receive any bids for land that was previously declared as surplus.
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