Postal auction for policies

Friday 27 August 1993 23:02 BST

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SECOND-HAND endowment policies can be bought and sold at a monthly 'postal auction' organised by Johnson Fry. The first auction takes place on 14 September. Sellers will negotiate a minimum selling price with Johnson Fry. If a higher bid does not emerge Johnson Fry will buy the policy from the vendor at this price. Buyers must lodge their bids by 10am on the day of the auction. The catalogue for the first auction is now available, listing 50 different policies. Details on 071-321 0220.

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