By aiding in the "price discovery" of the appropriate price on the security to be auctioned
, the when-issued market serves in tightening the spread of bids; thus, the cornerer needs to bid only slightly higher than that consensus to be assured awards.
has seen an expansion in the use of the auctions, including a wide range of properties ranging from a 26-story condo tower development plan just recently sold in San Diego's most trendy neighborhood, to a world class golf course and ski resort to be auctioned
in northern Michigan, to a huge portfolio of home sites and a diverse collection of commercial properties in the Chicago area.
A wide range of single family homes, and townhouses located in the tri-county area (Miami-Dade, Broward and Palm Beach Counties) will be auctioned
off at the Broward County Convention Center that day.
In Illinois the company auctioned
a newly developed convenience store and gas station, located near I-57 in Monee.
Delta also has auctioned
a wide variety of possessions in the past 37 years, from ferry boats to rattlesnakes.