I was there and whilst the average would not pay what the buyer did, he obviously has the finances to be able to do so.
You have to remember in actuality it's 84,800K, as the buyers premium was 6%.
It got to 50 K or so and the bidding seemed to slow down, I then took off again at the end the guy was up against a phone bidder who put 78K, but he put his final bid in to secure it.
I bid on a non runner (again had been in storage for 14 years), which went for £32,500.
Martin