Sam Rigopoulos Jellis Craig Brunswick

While it was a slow weekend for auctions across the nation, with one of the lowest clearance rates in ten years, there is still "plenty of heat in the luxury end of the market".

While preliminary auction clearance rates fell over the weekend, the slowdown isn't necessarily an indicator of how the market is performing. Timing of the year, school holidays, and vendors holidaying overseas has significant effect on supply and demand.