NBR prize BMW auction raises $75k for Christchurch

NBR's Todd Scott, NZICA's Karen Venni and BMW's Greg Hedgepeth

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

A new BMW auctioned by the New Zealand Institute of Chartered Accountants (NZICA) has raised $75,000 for the Christchurch earthquake recovery.

NZICA auctioned the BMW on March 10 after winning the car in NBR's subscriber competition the previous month. Bids on the TradeMe website went from $1 to $35,000 in just 31 minutes.

Bay of Islands couple Bruce and Diana Munro saw off more than 200 other bids to secure the 3 Series BMW 320d sedan.

The never-driven BMW has a recommended retail price of $89,000.

“In the last hour people were just nudging the bids up by $100 at a time. I thought, come on you blokes, it’s for a good cause, so I pushed it up a couple of thousand dollars and that did the trick,” Mr Munro said.

NZICA Chief Executive Terry McLaughlin said it was great the BMW had attracted such a good price.

“Being accountants, we had a few nervous moments putting the car up for auction with a $1 reserve, but it has certainly paid off.”

The auction was viewed more than 30,900 times before closing at noon on Tuesday 22 March.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7498 0.0012 0.16%
AUD 0.9615 -0.0003 -0.03%
EUR 0.6798 0.0010 0.15%
GBP 0.4918 0.0007 0.14%
HKD 5.8150 0.0072 0.12%
JPY 89.9750 0.0700 0.08%


Commodity Price Change Time
Gold Index 1198.1 -2.780 2015-03-05T00:
Oil Brent 61.0 -0.250 2015-03-05T00:
Oil Nymex 52.5 1.050 2015-03-05T00:
Silver Index 16.1 0.000 2015-03-05T00:


Symbol Open High Last %
NZX 50 5856.8 5890.7 5856.8 0.54%
NASDAQ 4979.9 4993.5 4967.1 0.32%
DAX 11427.6 11532.8 11390.4 1.00%
DJI 18096.9 18160.3 18096.9 0.21%
FTSE 6919.2 6968.6 6919.2 0.61%
HKSE 24235.8 24294.4 24193.0 0.11%
NI225 18814.8 18965.9 18751.8 1.00%