Bidding stalls on implosion auction

ANNA TURNER
Last updated 15:11 31/07/2012
Radio Network House
KIRK HARGREAVES/Fairfax NZ
COMING DOWN: The online auction for the right to blow up Radio Network House has reached over $25k.

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The online auction for the right to implode Radio Network House has topped $25,000, but bidding seems to have stalled.

The auction proved popular after going live last Tuesday, with bids shooting up to $6000 within an hour.

Bidding has slowed significantly since then, with the last bid being made at 10.37pm on Wednesday.

A keen bidder with the username Demo Man 3 currently has the winning bid, pledging $26,000 for the right to push the button.

The proceeds of the auction will go to the Canterbury Earthquake Heritage Buildings Fund, which was established after the September 2010 quake to assist owners of heritage buildings with quake damage.

The fund has decided to give the money to help with the repair of the Isaac Theatre Royal, which was badly damaged in the February 2011 quake.

The Government will match every dollar raised by the fund, so the final bid price of the auction will be doubled.

The implosion of the 14-storey building will take place at 8am on Sunday, using about 63 kilograms of explosives.

The auction will close at 6.05pm tomorrow.

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- The Press

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