SOUTH Parade Pier has failed to sell at auction.
Bidders packed out the Ageas Suite at the Ageas Bowl stadium for the auction this morning.
But the Grade II listed did not find a buyer despite its £210,000 guide price.
An offer of £190,000 was made but it was not enough to secure the sale.
The auction was held by auctioneer Robert Marchant of Clive Emson auctioneers.
The Southsea pier closed in October after it was found to be structurally unsafe by engineers.
During the past 18 months the pier has hit the headlines for going into administration twice.
Rows have also broken out between the owner of South Parade Pier, Fred Nash, and the management of the amusement arcade.
Co-owner of South Parade Pier Dawn Randall said she was pleased no buyer was found for the landmark.
She said: ‘I really want to work on this and get it back open.
‘There are a lot of people in this room that didn’t want to buy it. I absolutely love the pier - it means the world to me as it was given to me by my father who I lost last year.
‘My future plans are to try and get grants and there are a few private people coming forward to help us.’
Owain Harris, owner of Southsea Capital and lease holder of the pier’s arcade, said: ‘it’s a shame it didn’t sell to someone who can take it forward. Even if we’re not there, just someone to restore it to its former glory and allow it to exist for many generations to come.’
Auctioneer Rob Marchant, of auctioneers Clive Emson, said: ‘I’m disappointed and surprised as well.
‘I thought there was sufficient interest in the build up to the auction.
‘whether it was people who didn’t want to get involved on a public arena I don’t know.
‘Sadly it didn’t make reserve and couldn’t sell.
‘There were people that showed interest and I’m hopeful we might be able to do something in the aftermath of the auction.’