The owner of the Glenmary Inn was the highest bidder at Wednesday’s auction, according to the real estate company Terri Peters and Associates. The owner of the
mansion, Jane Taylor, changed her mind about selling during the auction on Wednesday. Terri Peters-McGraw said none of the bids were high enough to meet the standards of Taylor, so the owner bid herself. Taylor will not have to pay the $165,000 that she bid since she is the title holder of the property. However, Taylor will have to pay fees for the auction, campaign and commission. Peters-McGraw said this was the first time their business has had a “no sale” happen at an auction. The real estate company said the Glenmary Inn will stay in business as a bed and breakfast.
