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 825,000 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 starting 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 “as-is,” without contingencies. Terms and Conditions of Sale, Purchase Contract, and property documents are available on each property’s page on casothebys.com.

WHERE DOES THE AUCTION TAKE PLACE? Bidders can participate in our auctions from anywhere in the world. The auctions are conducted on our digital bidding marketplace, casothebys.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 casothebys.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 casothebys.com/agents to see a list of agents with whom we have worked.

HOW CAN AGENTS EARN MONEY WITH SOTHEBY’S CONCIERGE AUCTIONS? There are five ways: Represent a seller. Represent a winning bidder. Refer a new listing agent. Receive seller or buyer referrals from Sotheby’s Concierge Auctions. For more information visit casothebysreferral.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, your broker will be paid the co-brokerage commission as a referral fee.

Learn more at: casothebys.com/faq

Concierge Auctions, LLC, dba Sotheby’s Concierge Auctions, is an auctioneer. Sotheby’s Concierge Auctions’ principal address is 650 Madison Avenue, Second Floor, New York, NY 10022, and its phone number is (212) 202-2940. If required, Sotheby’s Concierge Auctions (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 Texas is: Frank Trunzo, Auctioneer, License #16847; Sotheby’s Concierge Auctions, Broker, License #9012742, 650 Madison Avenue, Second Floor, New York, NY 10022, (212) 202-2940, Tony R Young, Broker, License #794000. Our registration, licenses and bond information for Colorado is: Sotheby’s Concierge Auctions, (Broker, License #EC.100032451), 900 East Union Avenue Suite 1100 Denver, CO 80237, Telephone: (212) 202-2940. Tony Young, Broker (License #ER.100094056). Our registration, licenses and bond information for California is: Sotheby’s Concierge Auctions, Bond #66346347; Frank Trunzo, Bond #E252623; Concierge International Real Estate, Inc., Broker, License #02137467, 315 Montgomery St, 10th Floor San Francisco, CA 94104, Telephone: (212) 2022940, Barbara J Young, Broker, License #00689235; Our registration, licenses and bond information for Washington is: Auction Firm License #2393, Bond #AG001057; Frank Trunzo, Auctioneer, License #2590, Bond #RSB4176987, Sotheby’s Concierge Auctions, Broker, License #20119781, 400 Union Avenue SE Suite 200 Olympia, WA 98501, Telephone: (212) 202-2940; Barbara J. Young, Broker, License #17277; Our registration, licenses and bond information for Utah is: Concierge International Real Estate, Inc., 12432014-CN0012, 650 Madison Avenue, Second Floor, New York, NY 10022, Telephone: (212) 202-2940. Tony Young, Broker, License #12429737-PB00. Our registration, licenses and bond information for Florida is: Auction Firm License #AB2760, Frank Trunzo, Auctioneer, License #AU2328. Sotheby’s Concierge Auctions, Broker, License #CQ1032600, 8270 Woodland Center Blvd. Tampa, FL 33614, Telephone: (212) 202-2940. Barbara J Young, Broker, License #BK3544686.

These properties are listed for sale by Kuper Sotheby’s International Realty, Broker, License #579589, 6606 N New Braunfels, San Antonio, TX 78209, 210-822-8602, Lauren Meader Fowlkes, License #531128, (“Listing Agent”); Aspen Snowmass Sotheby’s International Realty, Broker, License #EC.100038598, 415 E Hyman Avenue, Aspen, CO 81611, (970) 925-6060, Shelby “Hank” Carter, License #FA.100078083, (“Listing Agent”); Lombok Property and Investment, Broker, Jl. Raya Senggigi, Senggigi, Kec. Batu Layar, Kabupaten Lombok Barat, Nusa Tenggara Bar. 83355, Indonesia, +62 877-5881-2873, Callum MacKinnon, (“Listing Agent”); Decker Bullock Dreyfus Inc., dba Golden Gate Sotheby’s InternationalRealty, Broker, #02027353, 100 Tiburon Blvd, Ste100, Mill Valley, CA 94941, (415) 381-7300, Stephanie Simonds Lamarre, #01840604, (“Listing Agent”) and B.G. Bates, #00968254, (“Listing Agent”); Kokoon Real Estate Ltd, Anguilla, Digicel Building Rock Farm, The Valley Anguilla, +1 264.584.1888, Bonnie Bloom, (“Listing Agent”); St. Kitts & Nevis Sotheby’s International Realty, Broker, License #513354801, Belmont Gardens Office, Pinney’s Estate, St Thomas Parish, +1.869.469.5008, Neybis Sanchez and Jose Garcia-Rios (“Listing Agent”); One Sotheby’s International Realty, Broker, License #BK3474157, 716 N Central Ave, Flagler Beach, Florida, 32136, 386.597.3163, Alan Messer, License # SL3212700, (“Listing Agent”) and Katherine Gable, License #SL3242691, (“Listing Agent”); Kuper Sotheby’s International Realty, Broker, License #579589, 2681 524 N. Lamar Blvd. Suite #204 Austin, Texas 78703, United States, 512.831.6577, Martha S StClair #619314 & Debbie Stevenson #631706 (“Listing Agent”); Karlsen Y García International Real Estate, Centro Comercial Nuevo El Rosario Local 3 Urbanización El Rosario 29604 Marbella, Málaga, España, +34 951 543922, Víctor García Ohlrich, (“Listing Agent”); Sotheby’s International Realty - Carmel Brokerage, Broker, License BRE#01240204, 3775 Via Nona Marie, Suite 100, Carmel, CA 93923, 831.238-7449, Nicole Truszkowski #DRE:01240204 & Dean Provence, #00833476, (“Listing Agent”); Coldwell Banker Park City, Broker, License #10116880-BO0, 1153 Center Drive #G200 Park City, UT 84098, 435.602.4800, Michael Diamond #9492175-AB00 (“Listing Agent”); Morrison House Sotheby’s International Realty, Broker, License #91578, 2622 N. Proctor Street, Tacoma, WA 98407 United States, 253.292.9290, Michael Morrison, License #50025, (“Listing Agent”); Capital Sotheby’s International Realty, Broker, License #BL152337, 5020 Kavanaugh Blvd. Little Rock, AR 72207, 501.551.0207, Chris Marsh #TB00087718, (“Listing Agent”); This property is listed for sale by Sotheby’s International Realty Canada, Broker, #1198901, 14 Queen Street, PO Box 1570, Niagara On The Lake, Ontario, Canada, L0S 1J0, 905.468.0001, Rachael Werner, #NINR4857 (“Listing Agent”).

Sotheby’s Concierge Auctions (in certain jurisdictions) and certain Sotheby’s Concierge Auctions 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 Sotheby’s Concierge Auctions 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.

Sotheby’s Concierge Auctions, 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.

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

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

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

casothebys.com +1 212.984.3894 inquiries@casothebys.com

The Global Marketplace to Buy and Sell the World’s Finest Properties

Sotheby’s Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet.

In November 2021, Concierge Auctions was acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Anywhere Real Estate, Inc. (NYSE: HOUS), the largest full-service residential real estate services company in the United States, holding a joint 80 percent ownership stake. Now Sotheby’s Concierge Auctions, the firm continues to operate independently, partnering with real estate agents affiliated with many of the industry’s leading brokerages to host luxury auctions for clients.

Since the company’s inception in 2008, it has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and conducted auctions in 46 U.S. states and 34 countries. Sotheby’s Concierge Auctions owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build hundreds of homes through its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home is funded for a family in need.