TV home auction to air live Aug. 25

A Chicago auctioneer is gearing up for the "first-ever" live,televised real estate auction on Aug. 25 over WPWR-Channel 50.

The first round of programming, from 8:30 to 9 a.m., willpresent exterior and interior photographs of the 93 Chicago arearesidential and commercial properties to be auctioned, said JerryOstry, a partner in Ostry Financial Real Estate Auction Exchange.

From 9 to 10 a.m., the firm will present an off-the-air seminaron buying and selling techniques at the auction site at the EmbassySuites Hotel on Butterfield and Highland in Lombard.

The actual auction will take place from 11 a.m. to 12:30 p.m. atthe hotel and will be …