Tuesday bidding pushes offers ever higher in federal courthouse auction

2013-05-06T23:00:00Z 2013-05-09T16:19:05Z Tuesday bidding pushes offers ever higher in federal courthouse auctionGazette Staff The Billings Gazette

Noon: Bidder 6 took over the top bid at 10:59 a.m. with an offer of $2,255,000.

Also, the U.S. General Services Administration has announced that on Thursday at 10 a.m., the bid interval will be reduced from 24 hours to two hours. If a high bid is not overtaken in two hours, the bidding will close.

11 a.m.: Bidder 3 upped the offer to $2,230,000 at 10:51 a.m.

INITIAL REPORT: The tussle between bidders 3 and 6 for the old James F. Battin Federal Building in downtown Billings stalled out Monday at about 1 p.m. with a bid of $2,205,000 placed by Bidder 6.

The two have been bidding back and forth for the building since April 27, and the current bid will win if somebody doesn't make a higher offer by 1 p.m. Tuesday.

The online auction has moved steadily for two weeks. The last bid came in at about 1:30 a.m. on Monday from Bidder 3, who placed a bid of $2,180,000.  

That was in response to a bid of $2,155,000 from Bidder 6 on Sunday afternoon.

That bid came in at about 12:20 p.m. Sunday, just 40 minutes before Bidder 3's Saturday morning offer of $2.13 million would have won the auction.

Bidding began on April 23.

The building, which was completed in 1965, housed several agencies and U.S. District Court. Asbestos in the building caused the federal government to build a $80 million federal courthouse.

Several federal agencies will soon move out of the old courthouse and into a separate $30 million office building.

Copyright 2015 The Billings Gazette. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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