The man on the phone quickly came back with $920,000 and there was another pause.Bids went up in $5000 lots, with the local couple looking done at $935,000.They looked toward their opponent — the man on the phone — to see what he would do next.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“$945,000,” he yelled. Our local couple paused as the agent spoke in the ear of the buyer.He was informing him that we needed more money to get the property on the market. The buyer obliged and after a few conversations he increased his bid to $960,000 and the property was announced on the market and subsequently sold.As the crowd applauded and the neighbours went off to celebrate their new values, the buyer made his way inside to sign the contract. MORE First home buyers cashing in this spring It was only a month ago that I called an auction on Rockbourne Terrace in Paddington where a Melbourne buyer blasted the local competition out of the water with a $900,000 knock out bid.These and other stories like them are adding more weight and evidence to the urban whispers of buyers heading north from Sydney and Melbourne looking to take advantage of the Brisbane house prices.If this trend continues, the added competition in the market will continue to put upward pressure on prices.This will see the gap between the east coast capital cities house prices return to a more appropriate level. Haesley Cush is an auctioneer and principal at Ray White New Farm. MORE Ride-on mower seals the deal Ray White New Farm auctioneer Haesley Cush calling an auction earlier this year. (AAP image, John Gass)On the stroke of midday last Saturday I stood in front of a quaint little workers cottage at 10 Bowler Street in Paddington. The sky above was a rich shade of silver from cloud cover and faint drops of rain fell intermittently, enough to be noticed, but not enough to be worried about.Quite a large crowd had been gathered by Brandon Wortley, the marketing agent, and a number of them had bidding cards in their hot little hands waiting for things to proceed. Based on feedback from the buyers prior to the auction, and past performances, we expected an opening bid in the vicinity of $800,000 as a starting point.I called out to the crowd: “Ladies and gentleman can I have an opening bid?”A buyer close to the fence with a phone pressed to his ear called out “$900,000”. This buyer had gone for the knock out punch right on the bell.I was aware of this buyers backstory. He had sold his house in Sydney but we were yet to find out the details of that price. He was looking to buy in Brisbane and potentially move back up.After what seemed like an eternity, a couple in their late 40s or 50’s raised their card and offered $915,000. MORE Trophy home sale price revealed
USC President C. L. Max Nikias announced Friday that philanthropist Glorya Kaufman gave the university a monetary gift that will fund the creation of the USC Glorya Kaufman School of Dance and construction of the Glorya Kaufman International Dance Center.The Kaufman School of Dance is the first school to be created by an endowment at USC in almost four decades. Though the university did not disclose the exact amount of the donation, Nikias called it a “generous gift” in a statement.With the addition of the Kaufman School of Dance, USC will have a total of six schools of the arts in its repertoire, “completing USC’s vibrant portfolio of visual and performing arts programs,” as Nikias said in the statement. Other fine arts schools at USC include the School of Architecture, School of Cinematic Arts, School of Dramatic Arts, Roski School of Fine Arts and Thornton School of Music.Robert Cutietta, who is currently also the dean of the Thornton School of Music, will head the school. Kaufman’s gift will not only build the school, but will also help fund its programs, faculty, scholarships and student recruitment.The dance school will offer classes in various forms of dance performance, such as classical ballet, jazz, world dance and modern.Students in the Kaufman School of Dance will earn a bachelor of fine arts in dance with the ability to double major or minor in other areas of their choosing.Kaufman hopes the school will prepare dancers not only for their performance career, but also for the work they will have to do promoting themselves in order to be cast, according to Nikias.“She has expressed her twofold wish to prepare dancers to be both exceptional performers and skilled businesspeople, to equip them to ably navigate the professional aspects of an artist’s life,” Nikias said in the statement.Kaufman’s relationship with the new dance school will add prestige because of her affiliation with the world of dance. Kaufman founded the Glorya Kaufman Presents Dance at The Music Center program in Los Angeles, and has contributed considerable donations to the Alvin Ailey American Dance Theater and The Juilliard School.Kaufman also previously donated $18 million to UCLA in 1999 to fund improvements to the renovations of its School of Arts and Architecture building, although she was ultimately unsatisfied with how the university used her gift.“I was disappointed in UCLA,” Kaufman told the Los Angeles Times. “They don’t have a dance school. It was all talk.”At USC, however, Nikias said focusing on the success of the Kaufman School will be a priority.“Our ambition is to make the USC Glorya Kaufman School of Dance the most elite on the west coast and in the Pacific Rim,” he said in the statement.The first generation of Kaufman dance students is expected to enroll in the fall of 2015.