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 Florida is: Auction Firm License #AB2760, Frank Trunzo, Auctioneer, License #AU2328. Sotheby’s Concierge Auctions, Broker, CQ1032600, 8270 Woodland Center Blvd. Tampa, FL 33614, Telephone: (212) 202-2940. Barbara J Young, Broker, License #BK3544686; 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 Utah is: Concierge International Real Estate, Inc., Broker, License #12432014-CN0012, 650 Madison Avenue 2nd Floor New York, NY 10022, Telephone: (212) 202-2940. Tony Young, Broker, License #12429737-PB00; 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 Hawaii is: Frank Trunzo, Bond #83BSBIY9388. Sotheby’s Concierge Auctions, Broker, #RB-23427, 500 Ala Moana Blvd. Suite 7-400 (Suite 464) Honolulu, HI 96813, (212) 202-2940. Tony R Young, Broker, License #RB-23428.

These properties are listed for sale by PT Lombok Property and Investment, Broker, Jl Raya Senggigi, Senggigi, Batu Layar, Kabupaten Lombok Barat, Lombok Nusa Tenggara Barat, 83355, Indonesia, +62 877-5881-2873, Callum MacKinnon, (“Listing Agent”); Barbados Luxury Listings, Broker, Solano #1 Rendezvous West Christ Church, Barbados, +1 246-256-1971, Dominique Chittell, (“Listing Agent”); The Elmes Group at Compass Florida, LLC, Broker, License #279622832, 1200 E Las Olas Blvd, Ste 103, Fort Lauderdale, FL 33301, 754-300-6040,Tim Elmes, License #SL486943 (“Listing Agent”); Decker Bullock Dreyfus Inc., dba Golden Gate Sotheby’s International Realty, 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”); 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”); Pinnacle Estate Properties, Inc., Broker, License #00905345, 23733 Malibu Road, Ste 500, Malibu, CA 90265, (818) 933-3100, Brian Ira Goldberg, License #01900604, (“Listing Agent”); United Kingdom Sotheby’s International Realty, Broker, 38 High Street, Cobham, England KT11 3EB, United Kingdom,+44 1932 860 537, Amy Odell (“Listing Agent”); St. Kitts & Nevis Sotheby’s International Realty, Broker, License #513354801, Neybis Sanchez and Jose Garcia-Rios (“Listing Agent”); One Sotheby’s International Realty, Broker, License #BK3474157, Alan Messer, License # SL3212700 and Katherine Gable, License #SL3242691, (“Listing Agent”); Central Coast Sotheby’s International Realty, Broker, License #01346678, Leslie Dougherty,, License #01715846, (“Listing Agent”); Hawaii Life, Broker, License #RB-19928, Julia Napua Fetzer, License #RB-21938, and Kyle Bernhardt, License #RS-78073 and Sundance Realty, Broker, License #RB-17032, Diane Anderson, License, #RB-17032; Damianos Sotheby’s International Realty, Broker, Ashley Brown, License #261(“Listing Agent”); Vera-Anne International Real Estate, Broker, License #201228953, Vera-Anne Wallace, License #201107013, (“Listing Agent”); Heritage House Sotheby’s International Realty, Broker, License #0121585, Deborah L. James, License #1430261, (“Listing Agent”); Agent Inc., Broker, License BRE#02068079 , 3500 East Coast Hwy, Corona Del Mar, CA 92625, (949) 791-8160, Shawn Halan #01916884 , (“Listing Agent”); Coldwell Banker Park City, Broker, License #10116880-BO0, 1153 Center Dr Unit G200, Park City, UT 84098, ((435) 602-4800, Michael Diamond #9492175-AB00 (“Listing Agent”); Unique Living, First Floor, 85 Great Portland St, London W1W 7LT, United Kingdom, +44 20 7148 6480, Serge Cowan, (“Listing Agent”); Damianos Sotheby’s International Realty, Broker, Windsor Business Park, Windsor Field Road, Nassau, Nassau and Paradise Island, Bahamas, 242.322.2305, Christopher Ansell, License #734, & Vanessa Ansell, License #146 (“Listing Agent”); Nomura Real Estate Solutions Co., Ltd., Broker, (5）第6101号, Shinjuku Nomura Building, Japan, 〒163-0576 Tokyo, Shinjuku City, Nishishinjuku, 1 Chome−26−2, Shinjuku Nomura Building,２６階, +81 3-3345-7778, Naoko Yamaguchi,（東京）第225845号, (“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.

©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.