World’s First Virtual Reality Auction Sells Property for $1.487 Million in Melbourne

The world witnessed a groundbreaking event as the first-ever virtual reality auction took place in Melbourne, resulting in a premium sale of $1.487 million. Greg Brydon, a master auctioneer from Ray White, utilized virtual reality technology to provide an immersive experience for bidders and spectators. With five bidders vying for a two-bedroom home, the auction surpassed the asking price and culminated in a successful sale. The event highlights the transformative impact of VR technology on the real estate market, setting a precedent for future property transactions.