Bidders for the Gupta family’s home in Saxonwold, Johannesburg, will be expected to fork out between R250,000 and R500,000 to take part in next month’s auction of the infamous compound.
Last week Park Village Auctions (PVA) was were given the green light by the court to go ahead with the auction and on Thursday they released details of the auction of the three properties.
While the registration fee is set at R50,000 refundable deposit, the bidders will have to pay in an additional R500,000 to bid for property No 5 and No 7 (three-storey mansions) and pay R250,000 for the single-storey property No 3.
The steep registration fees are uncommon.
“We have decided to put stringent rules to…
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