FAQ

FREQUENTLY ASKED QUESTIONS.

SELLER

HOW DOES THE AUCTION PROCESS WORK?

In conjunction with your agent, we showcase your property to targeted members of our global database of more than 775,000 individuals, including our Private Client Group of high-net-worth buyers, agents, and industry experts. The process typically results in 200–400 prospects, 25+ showings, and 3–7 qualified buyers competing for your property. Before the auction opens, you can decide whether to move forward after reviewing the field of bidders and their opening bids.

AREN’T AUCTIONS ONLY FOR DISTRESSED PROPERTIES?

No. Our typical seller is well capitalized. They choose auction to control the timing of their sale.

WHAT AUCTION FORMATS DO YOU USE?

We use two auction formats. 1) No Reserve: There is no minimum bid to purchase. 2) Reserve: Will sell at or above a pre-determined price threshold.

WHAT DOES IT COST? HOW DO YOU GET PAID?

We do not charge any fees to sellers. Our fee comes from a premium paid by the buyer. Sellers pay agent commissions as outlined in their listing agreement.

I AM READY TO AUCTION MY PROPERTY. NOW WHAT?

We are solely focused on luxury properties. Call us, or have your agent call us, to discuss your property.

BUYER

WILL I BE ABLE TO SEE AND INSPECT THE PROPERTY?

Properties are available throughout the exposure period for potential bidders to preview and conduct inspections. Diligence is encouraged as all sales are “asis,” without contingencies. Terms and Conditions of Sale, Purchase Contract, and property documents are available on each property’s page on ConciergeAuctions.com.

WHERE DOES THE AUCTION TAKE PLACE?

Bidders can participate in our auctions in from anywhere in the world. The auctions are conducted on our digital bidding marketplace, ConciergeAuctions.com. Bidders may also place bids over the phone with a dedicated bidder’s assistant.

I AM READY TO REGISTER TO BID. NOW WHAT?

You may register to bid via our online marketplace at ConciergeAuctions.com. Or, call us for personal service.

Our registration process has three steps:

1. Complete the Terms and Conditions of Sale. 2. Wire your Bidder Deposit, typically $100,000, which is credited towards your purchase if you are the winning bidder or is returned if you are not. 3. Provide a letter of reference from your bank or financial institution.

AGENT

WHAT HAPPENS TO THE LISTING AGREEMENT IF MY CLIENT CHOOSES TO AUCTION?

Your listing agreement remains 100% intact.

CAN I SPEAK WITH OTHER AGENTS WHO HAVE PARTICIPATED IN YOUR AUCTIONS?

Certainly. Visit ConciergeAuctions.com/Agents to see a list of agents with whom we have worked.

HOW CAN AGENTS EARN MONEY WITH CONCIERGE AUCTIONS?

There are five ways: Represent a seller. Represent a winning bidder. Refer a new listing agent. Receive seller or buyer referrals from Concierge Auctions. For more information visit ConciergeAuctionsReferral.com.

CAN I REPRESENT A BIDDER FOR AN AUCTION IN A LOCATION IN WHICH I AM NOT LICENSED?

Yes. If your bidder wins the auction, you will be paid the co-brokerage commission as a referral fee.

Learn more at: ConciergeAuctions.com/FAQ

Concierge Auctions, LLC (“Concierge”) is an auctioneer. Concierge’s principal address is 800 Brazos Street, Suite 220, Austin, TX 78701 and its phone number is (212) 202-2940. If required, Concierge (or its representative) is registered, licensed and/or bonded in the state where the property to be auctioned is located. Our registration, licenses and bond information for California is: (Bond #62662376), Concierge International Real Estate, Inc. (#02137467), 315 Montgomery St. 10th Floor San Francisco, CA 94104, Telephone: (212) 202-2940, Real Estate Broker: Barbara J Young, (License #00689235). Our registration, licenses and bond information for Pennsylvania is: (Auction Firm License #AY002347), (Bond #S-896800), Frank Trunzo, Auctioneer, (License #AU001228L). Our registration, licenses and bond information for Colorado is: Concierge Auctions, LLC, (License # EC.100032451), 900 East Union Avenue Suite 1100 Denver, CO 80237, Telephone: (212) 202-2940, Real Estate Broker: Chad Aron Roffers, (License # ER.100074545). Our registration, licenses and bond information for New York is: Concierge Auctions, LLC, (License #10991209483), 405 Lexington Avenue, 26th Floor, New York, NY 10174, Telephone: (212) 202-2940, Real Estate Broker: Chad Roffers, (License #10491202564). These properties are listed for sale by: JPM Real Estate Group, Blvd Francisco Medina Ascencio 2485, Sub E2, Zona Hotelera Norte, Puerto Vallarta Jal 48333, Mexico, 322.152.3292, John-Paul Mahony, (“Listing Agent”); Crosspath Advisors Ltd, Roppongi Hills North Tower 6th Floor, 6-2-31 Roppongi Minato-ku,Tokyo, 106-0032 Japan; Compass Real Estate (Broker, License #01527235), 1699 Van Ness Ave, San Francisco, CA 94109, 415.345.3000; Aaron Kirman (#01296524) (“Listing Agent”) and The Agency (Broker, License #01904054), 331 Foothill Rd, Ste 100, Beverly Hills, CA 90210; Mauricio Simon Umansky (#1222825) (“Listing Agent”); Compass, (Broker, License DRE#01527235), 1773 ElCamino Real, Menlo Park, CA 94025, 650-462-1111, Peter Carson (License DRE#02013713), (“Listing Agent”); Keller Williams Realty, Broker, 395 Valley Brook Road McMurray, PA, (412) 638-6700, Renee Rose-Modrak (License #RS270234), (“Listing Agent”); MOLITIO d.o.o., (Broker License KLASA:UP/l-330-01/17-01/70; URBR: 526-0501-01-01/2-17-4), Spinčićeva 2J, Split, 21000, Croatia, +385 92 12 44 300, Antonio Barić (KLASA:UP/l-330-01/17-01/71; URBR:526-05-01-01-01/2-17-2.); Colorado Landmark, Realtors, (Broker, License #EC 55140), 2350 Broadway, Boulder, CO 80304, 303443-3377, David Scott (License #FA.100003267), (“Listing Agent”), and Amy Scott (License #FA.4004248), (“Listing Agent”); O’Brien Realty LLC (Broker, #1328583), 37 Beach Road Monmouth Beach NJ 07750, 732-229-3532, Kerrin O’Brien (License#1007851), (“Listing Agent”); Engel & Völkers Long Beach New York, (Broker, License #10991219337), 58 Park Ave, Long Beach, NY 11561, (516) 442-3388, Karen Stone (License #10301208614), (“Listing Agent”); Christophe Harbour St. Kitts Real Estate, Broker, Marina at Christophe Harbour, Customs House, Southeast Peninsula, Basseterre, St. Kitts, West Indies, +1 869.466.8738, Robbie Crawford, (“General Manager”). While Concierge (in certain jurisdictions) and certain Concierge subsidiaries, employees and representatives may possess real estate broker or salesperson licenses in various jurisdictions and may, in some circumstances, perform functions that may be deemed brokerage services, neither Concierge nor its agents, employees and affiliates are acting as a broker in any capacity for any party in connection with this auction. Bidders must seek brokerage services or advice from their own real estate agents or professional advisers. Our brokerage licenses are held solely for compliance purposes to further our auctioneering services. Concierge, the Listing Agent, the seller of the property and their respective agents, employees and affiliates do not represent, warrant or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. ©2008 Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each Sotheby’s International Realty office is independently owned and operated. Neither Sotheby’s, Sotheby’s International Realty Affiliates LLC nor any of their affiliated companies is providing any product or service in connection with this auction event. This is not meant as a solicitation for listings or an offer to sell real property. All renderings are for depiction only.

NEW YORK

228 PARK AVENUE S, PMB 70835 NEW YORK, NY 10003

AUSTIN

800 BRAZOS STREET, SUITE 220 AUSTIN, TX 78701

LONDON

BERKELEY SQUARE HOUSE, MAYFAIR, LONDON, W1J 6BD, UK

TORONTO

100 KING STREET WEST, STE 5600 TORONTO, ON, M5X 1C9, CA

ConciergeAuctions.com +1 212.984.3893 Inquiries@ConciergeAuctions.com

THE GLOBAL MARKETPLACE TO BUY AND SELL THE FINEST PROPERTIES

Concierge Auctions curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited timeframe. The firm owns arguably the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the world. Concierge Auctions has contributed more than 300 homes to-date as part of its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a home will be built for a family in need.