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Time-Share Auction Results in 147 Sales

August 11, 1985

Timeshare Auction II, sponsored by MDR Telecom of Marina del Rey with RE/MAX, resulted in the sale of 147 time-share weeks owned by individuals, not developers, for a total of about $450,000.

The highest price paid at the auction, held at the Crowne Plaza Hotel near Los Angeles International Airport, was $10,000. The lowest price was $600. The average was $3,083.

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