I tracked a California tax auction from the county list to the final gavel. 74% of the lots got no bids at all

Butte County ran a tax-deed auction last month. I published a read on all 105 parcels before it opened, then went back afterwards and read all 105 result pages. Here is what actually happened, because as far as I can tell nobody publishes this part. 104 lots offered. 28 sold. 76 got no bids at all. Sell-through was 26.9%. Of the 28 that did sell, 13 went for exactly the opening bid, and the median winning bid across the whole sale was 1.02x the minimum. The county asked $1,224,436 for what it pu

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