10 minute read

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 800,000 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, 2nd 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 U.S. state where the property to be auctioned is located.

Our registration, licenses and bond information for North Carolina is: Sotheby’s Concierge Auctions, Auction Firm License #9427; Frank Trunzo, Auctioneer, License #9167. Sotheby’s Concierge Auctions, Broker, License #C34738, 650 Madison Avenue, 2nd Floor, New York, NY 10022, Telephone: (212) 202-2940. Chad Aron Roffers, Broker, License #331125; Our registration, licenses and bond information for New York is:Sotheby’s Concierge Auctions, Broker, #10991209483, 405 Lexington Avenue 26th Floor New York, NY 10174 Mailing Address: Sotheby’s Concierge Auctions 228 Park Avenue S PMB 70835 New York, NY 10003, Telephone: (212) 202-2940. Chad Roffers, Broker, License #10491202564; Our registration, licenses and bond information for Hawaii is: Bond #107388494; Sotheby’s Concierge Auctions, Broker, License #RB23427, 500 Ala Moana Blvd. Suite 7-400 (Suite 464) Honolulu, HI 96813, Telephone: (212) 202-2940. Tony R Young, Broker, License #RB-23428; Our registration, licenses and bond information for Utah is: Sotheby’s Concierge Auctions, 12432014-CN0012, 650 Madison Avenue 2nd Floor New York, NY 10022 Mailing Address: 228 Park Avenue S PMB 70835 New York, NY 10003-1502, Telephone: (212) 202-2940. [Tony Young, Broker, License #12429737-PB00; 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) 202-2940, Real Estate Broker: Barbara J Young, Broker, License #00689235; Our registration, licenses and bond information for Oregon is: Frank Trunzo, Auctioneer, Broker License #201210458, Cascade Real Estate Consultants, LLC, License #2012493, 650 SW Bond St., Suite 100, Bend, OR 97702; 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 South Carolina is:Concierge Auctions, LLC DBA Sotheby’s Concierge Auctions, License #AF.4023.FIRM; Frank Trunzo, Auctioneer, License #4303, Telephone: (212) 202-2940; 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 Arizona is:Sotheby’s Concierge Auctions- Branch Office, Broker, Real Estate Brokerage License #CO699156001 (Branch Office), 20 E. Thomas Road Suite 2200 Phoenix, AZ 85012, Telephone: (212) 202-2940. Barbara J Young, Broker, License # BR527582000.

These properties are listed for sale by Landmark Sotheby’s International Realty, Broker, License #C20671; 7205 Wrightsville Avenue Ste 113, Wilmington, NC 28405, Telephone: (910) 679-8047, Nicklaus D. Phillips, License #250213, (“Listing Agent”) and Sam R. Crittenden, License #280361, (“Listing Agent”); Cayman Islands Sotheby’s International Realty, Broker, CIREBA office #285, 5-104 Governor’s Square, PO Box 30567, Grand Cayman KY1-1203, Cayman Islands, +1.345.623.1234, Patty Nugent, CIREBA Member #910 and Jonathan Sparrow, CIREBA Member #77; Calabash Real Estate, Broker, License #2-2871-1B, 4126 La Grande Princesse, Christiansted, Virgin Islands 00820, 340-718-5285, Honnie Edwards, License #2-2874-1B, (“Listing Agent”) and Rhea Abramson, License #2-50641-1B, (“Listing Agent”); Richard Lacey Group, Broker, Carrer de Fra Vicent Nicolau, 2, 07800 Eivissa, Balearic Islands, (+34) 643 75 8060, Richard Lacey (“Listing Agent”), and Alessandro Civera (“Listing Agent”); MAS Property Marbella, Avenida Manolete 1, CC Centro Plaza, Local 27-30, 29660 Marbella, Malaga, Spain, +34 951 20 30 35, Margareta Stjernström, (“Listing Agent”); Corcoran Country Living, Broker, #10991233039, 2319 Wall St, Kingston, NY 12401, (845) 338-5832, Jason Karadus, #30KA0878508, (“Listing Agent”); Hawaii Life Real Estate Brokers, #RB-19928, PO Box 356, Hanalei, HI 96714, 808-352-3099, David M. Lundstorm, #RB-22709, John J. Climaldi, #RB-21517, (“Listing Agent”); JLL Hotels & Hospitality Group, Broker, License #L3007326E, 88 Market Street #35-01 CapitaSpring, Singapore 048948, +65 8322 8348, Nihat Ercan, Broker, License #R021965J, (“Listing Agent”) and Julien Naouri, #R003905I, (“Listing Agent”); Hawaii Life, Broker, License # RB-19928, 161 Wailea Ike Dr. Suite C-103B Wailea HI 96753, (800) 370-3848, David Richardson, #RB-10780 (“Listing Agent”); Sotheby’s International Realty Québec, Broker, License #E0933, 376 Victoria Avenue #450, Westmount QC H3Z 1C3, 514-379-1333, Liza Kaufman, License #D1256, (“Listing Agent”); Michael Saunders & Co, Broker, License #BO2029530, 1605 Main Street Sarasota FL. 34236, 941-809-1700, Nora Johnson, License #SL683885, (“Listing Agent”); Savills Courchevel 1850, Broker , 223 rue de la Croisette, Courchevel 1850, 73120, Jérôme Lagoutte and Arnaud Gourdet, (“Listing Agent”); Trh Property Group LLC., Broker, License #5613191, 397 West 3900 North, Provo, UT, 84604, 801-722-5552, Rand Holley, License #5456127PB00, (“Listing Agent”); Sotheby’s International Realty, Inc. (Broker, License #899496), 3775 Via Nona Marie Carmel, CA 93923 United States, Laura Warren, (License DRE 02165280), (“Listing Agent”); Lakeshore Realty, Broker, License #B.0004440, 954 Lakeshore Blvd Incline Village NV 89451, (775) 831-7000, Trevor Anderson, Listing Agent, License #S.0175826, (“Listing Agent”); LUXE Forbes Global Properties, Broker, License #201201079, 159 A Ave, Lake Oswego, OR 97034-3116, 503-459-3987, Terry R. Sprague, License #200509281, (“Listing Agent”) and Rose City Realty Group, Broker, License #201203514, 717 NW 11th Avenue, Portland, OR 97209-3046, (503) 349-5511, Katherine Rose Williams, License #200411153, (“Listing Agent”); Douglas Elliman Real Estate, Broker, License #9008706, 100 Congress Avenue, Ste. 1445, Austin, TX 78701, Michael Reisor, License #698541), (“Listing Agent”); D&B Brokerage Services LLC, 9010247, 2681 MacArthur Blvd, Suite 202, Lewisville, TX 75067, 972-200-3990 Manikandan Raveendran, #650043 (“Listing Agent”); Alek Carrera Group, Broker, 9454 Wilshire Hlvd, Beverly Hills, CA 90212, 310.854.9190, Alek Carrera, (“Listing Agent”); Sotheby’s International Realty, Inc, Broker, License #39SO0851325, Sotheby’s, 6 Main Street, East Hampton, NY 11937, (631) 324-6000, Rebekah Baker, License #10301216449, (“Listing Agent”); Briggs Freeman Sotheby’s International Realty, (Broker, License 0287843), 3131 Turtle Creek Dallas, TX 75219, Ben Frederick (License TREC #0705025-6505), (“Listing Agent”); Sotheby’s International Realty - San Francisco Brokerage, Broker, License #00899496, 117 Greenwich Street, San Francisco, CA 94111, 415.901.1700, Debi Ann DiCello, License #00778719, (“Listing Agent”); Martha Turner Sotheby’s International Realty, Broker, License TREC #307280, Sotheby’s, 1717 W Loop S Suite 1700, Houston, TX 77027, (713) 520-1981, Robert S. Frank, #435951, (“Listing Agent”); The Brokerage, LLC, Broker, License #18429, 3404-202A Salterbeck St, Mt Pleasant, SC 29466, (843) 364-6720, Lewis John Teffeau, License #113308, (“Listing Agent”) and Krista Teffeau Barnes, License #77389, (“Listing Agent”); Realogics Sotheby’s International Realty, Broker, License #24629, 10237 Main Street, Bellevue, WA 98004, (425) 800-0310, Rebecca M. Gray, License #3624, (“Listing Agent”);Daniel Gale Sotheby’s International Realty, Broker, License #10391202828; 1 Buckram Rd, Locust Valley, NY 11560; 516.759.4800, Kathryn “Cottie” Maxwell Pournaras, License #10301200739 (“Listing Agent”); Russ Lyon Sotheby’s International Realty, Broker, #LC646682006, 6900 E Camelback Rd #110, Scottsdale, AZ 85251, (480) 287-5200, Jennifer Schumacher, License #SA659792000 (“Listing Agent”); Riviera Maya, Sotheby’s International Realty Broker, License #2113170F0BBBMR008000075, 5 Av. Nte. 5, Gonzalo Guerrero, 77710 Playa del Carmen, Q.R., Mexico , +1 52 984 179 2171, Veronica Cordova, License #CODV701120RT6FS008000081, (“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.

This is not meant as a solicitation for listings or an offer to sell real property. Cooperating brokers are encouraged to participate as set forth in Sotheby’s Concierge Auctions bidder terms and conditions.

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.

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