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Greek island goes under the hammer

South Africans had an opportunity to bid for a Greek island on Thursday.

FILE: Auction. Picture: AFP.

JOHANNESBURG - A Greek island went under the hammer at an auction in Sandton on Thursday morning.

The bid would have been the first time ever that an island would have gone under the hammer in South Africa.

Auctioneer Henley Harris started off with the price tag at R35 million, but there were not any takers for the 17 hectares prime Mediterranean property, even after he tried to decrease the price.

"Come on ladies and gentlemen, R25 million for an island in Greece. R20 million to start. Nobody interested in a Greek island?"

Auction Avenue said the prime Greek island would now be sold on consignments to a South African for R34 million.