MONTHLY CATALOGUE | SEPTEMBER/OCTOBER 2023 ISSUE 58 FEATURED AUCTION | BEL AIR, CA
In this issue, explore an extraordinary three-acre estate with panoramic ocean views nestled in Maui’s prestigious Keahou at Makena; discover the Bel Air Promotory in Los Angeles, California, a 14,000-plus-square-foot modern marvel that redefines luxury living through meticulous renovation; experience the ultimate waterfront luxury at Villa Lake Austin, offering stunning water views, entertainment spaces, spa-like amenities, and convenient boat access; or unveil the allure of historic Carter Hall in Millwood, Virginia: stone cabins, and gourmet dining, framed by the Blue Ridge Mountains—a nature lover’s haven with vast grounds to explore.
Featuring a selection of luxury properties to high-net-worth buyers from across the globe, our live auction sales at Sotheby’s are our largest and most anticipated events of the year. Explore the selections of our upcoming Important Global Properties closing online in September in New York. In October, experience our Exceptional Global Properties selling live from Hong Kong. Or, if you’d like to submit a property for consideration of our highly anticipated December Global Sale in New York, properties will receive exposure via our proven platform and global database of high-net-worth clientele, including direct reach to buyers inkey feeder markets and the fastestgrowing luxury cities in the world.
We remain the best solution to sell a luxury property on an expedited timeline—all while providing sellers and agents full transparency. Interested in auction? Call +1 212.203.2408 to submit your property or listing, to enquire for more information, or place a bid. Browse conciergeauctions.com for more information about available properties and how to bid.
Paddles up,
President
LAURA BRADY CEO CHAD ROFFERS
IN
EDITORIAL 04 | Auctions Map 06 | About Us 12 | Key for Key® 14 | Agent Advisory Board 15 | Cobranding Studio 16 | Luxury Homes Index 56 | Exceptional Global Properties 58 | Case Studies 62 | FAQs
| Bel Air, Los Angeles, California
| Bali, Indonesia
| Kihei, Maui, Hawaii
| Karuizawa, Japan
| New Braunfels, Texas
| Playa Del Carmen, Mexico
| Water Caye, Belize
AUCTIONS
| Austin, Texas 42 | Bali, Indonesia 44 | Carbondale, Colorado 46 | Helsinki Area, Finland 48 | Garrison, New York 50 | Louisville, Kentucky 52 | Millwood Virginia 54 | Portsmouth, Rhode Island
EXCLUSIVES
THIS ISSUE
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FEATURED
38
SOTHEBY'S
EXHIBITIONS FREE AND OPEN TO THE PUBLIC SOTHEBYS.COM/LUXURYEDIT #SOTHEBYSLUXURY FOLLOW US @SOTHEBYS © SOTHEBY’S, INC. 2023 NEW YORK | LONDON | PARIS AUGUST–SEPTEMBER 2023 SCAN TO LEARN MORE
04 | IN THIS ISSUE OUR GLOBAL ACTIVITY ACTIVE AUCTIONS 20 22 Scan for prior sales
IN THIS ISSUE | 05
THE ART OF LUXURY
06 | ABOUT US SOLD IN FIVE WEEKS |
|
WAYNE, PA
$4.455M
REAL ESTATE AUCTIONS®
THE WORLD LEADER
CONCIERGE AUCTIONS IS THE WORLD’S LARGEST LUXURY REAL ESTATE MARKETPLACE, BACKED BY OUR OWNERSHIP OF SOTHEBY’S, AS THE WORLD’S OLDEST AND LEADING AUCTION HOUSE ESTABLISHED IN 1744, AND ANYWHERE REAL ESTATE (NYSE: HOUS), THE WORLD’S MOST EXTENSIVE AGENT NETWORK.
Still ran by our founders, our platform is enhanced with deep auction expertise and heritage, innovation, and access to an unmatched network of fine art and luxury goods collectors. We have been active in 36 countries and 46 US states. Our body of work can be viewed on conciergeauctions.com.
ABOUT US | 07
SOLD IN TEN WEEKS | LONG BAY
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VILLAGE, ANGUILLA
$9.52M
TIMING IS EVERYTHING
WE UNDERSTAND THAT LUXURY PROPERTIES ARE DIFFICULT TO VALUE AND SELL. AND, THAT TIME CAN BE, IF NOT MORE, VALUABLE THAN MONEY.
Our research continues to show that if a luxury property does not sell quickly, it will linger on the market upwards of years and sell for a fraction of the original asking price. The top sales in the top luxury markets in America alone are not only selling for 10% less than in years prior, they are taking an average of 300 days to do so. Moreover, for the 50% that are listed for more than 180 days, it is taking nearly double this time.
Simply put, it can take time to find the right buyer. This is where we come in. We are skilled at pairing sellers of the world’s finest properties with the world’s most capable buyers. We bring unmatched reach, speed, and certainty to what can otherwise take years.
60 DAYS, FROM SIGN TO SELL
OUR PROCESS IS 60 DAYS, FROM THE DAY YOU SIGN UP TO THE DAY YOU CLOSE. TYPICALLY, OUR PLATFORM WILL GARNER 200–400 INQUIRIES, 25–50 SHOWINGS, AND 3–7 BIDDERS VIA A FOUR-PRONGED APPROACH:
1. Package your property for market.
2. Expose it globally to our auction insiders via our proprietary database of 850,000± contacts who will hear about your property first.
3. Engage the local market.
4. Facilitate a fast and easy closing that is as-is, where-is, and contingency-free.
ABOUT US | 09
CONVENIENT BUYING
WE KNOW EVERY LUXURY HOME AND SELECT ONLY THE MOST REALISTIC SELLERS. ONE IN EVERY 20 THAT COMES OUR WAY, IN FACT.
The result? Buyers have direct access to premium real estate in an open bidding platform that allows participation from anywhere in the world with complete convenience and full transparency. No more under offering. No more over paying.
TRANSPARENT PRICING
WE DO NOT CHARGE SELLER FEES.
The buyer pays a 6–12% premium. Listing and buyer agent commissions are protected.
AGENT COMMISSIONS, EARNED
WE ARE AN ADDITIONAL AGENT TOOL FOR HIGH-END LISTINGS AND HAVE NEVER AUCTIONED A PROPERTY WITHOUT A LISTING AGENT. WE HELP AGENTS BRING THE MARKET, NOT CHASE IT.
We are an additional agent tool for high-end listings and have never auctioned a property without a listing agent. We help agents bring the market, not chase it.
10 | ABOUT US
ABOUT US | 11 SOLD IN SIX WEEKS | SNOWMASS, CO | $5.488M
KEY FOR KEY®
WE BELIEVE EVERY BUSINESS HAS A RESPONSIBILITY TO MAKE A POSITIVE IMPACT ON THE WORLD.
In partnership with Giveback Homes™, our Key For Key® giving program guarantees for every home we sell, we help fund homes to be built for families in need. We believe in the empowerment and financial stability that comes with homeownership and its impact for generations.
Each donation is made on behalf of our sellers, buyers, and agents, and we invite clients to join us by donating alongside their corresponding sale, or at conciergeauctionskeyforkey.com.
12 | KEY FOR KEY®
+ FOUNDED IN 2017
+ EL SALVADOR & NICARAGUA
+ HUNDREDS OF HOMES FUNDED
Start your journey here 1989 Lamborghini Countach 25th Anniversary As Featured in “The Wolf of Wall Street” Estimate: $1,500,000 – $2,000,000 USD HEADQUARTERS +1 519 352 4575 FLORIDA +1 954 284 4575 CALIFORNIA +1 310 559 4575 info@rmsothebys.com RM Auctions Inc. dba RM Sotheby’s Facility Identification No. 7120237 NEW YORK | 8 DECEMBER 2023 IN ASSOCIATION WITH SOTHEBY’S LUXURY WEEK INVITING CONSIGNMENTS
ADVISORY BOARD
THE AGENTS AND BROKERS SELECTED FOR OUR ADVISORY BOARD ALL HAVE EXTENSIVE FAMILIARITY WITH THE HIGH-END AUCTION PROCESS, AS WELL AS A PROVEN TRACK RECORD OF SUCCESS WITH CONCIERGE AUCTIONS.
This group of esteemed top agents and brokers, who have billions of dollars in combined luxury sales and a client network from across the globe, represent a think tank on the state of luxury real estate sales and marketing.
FRANK AAZAMI
RUSS LYON SOTHEBY’S INTERNATIONAL REALTY
Phoenix, AZ
PAUL BENSON ENGEL & VÖLKERS
Park City, UT
JOHN-MARK MITCHELL
MITCHELL PRIME PROPERTIES
Winston-Salem, NC
JOHN MCMONIGLE
THE MCMONIGLE TEAM
Newport Beach, CA
KYLE CREWS
ALLIE BETH ALLMAN & ASSOCIATES
Dallas, TX
MATT BEALL
HAWAII LIFE REAL ESTATE BROKERS
Princeville, HI
KRISTEN ROUTH SILBERMAN
DOUGLAS ELLIMAN REAL ESTATE
Las Vegas, NV
SETH O’BYRNE COMPASS
San Diego, CA
BILLY NASH
ILLUSTRATED PROPERTIES
Palm Beach, FL
14 | ADVISORY BOARD
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COBRANDING STUDIO
OUR ONLINE STUDIO ALLOWS AGENTS THE ABILITY TO COBRAND AWARD-WINNING PROPERTY AND AUCTION COLLATERAL ON-DEMAND AT CAMARKETINGSTUDIO.COM.
Never lose a listing or miss bringing a buyer again. Premier opportunities for your clients—and commissions for you, even for deals or transactions outside of your market. Our agent marketing studio includes property postcards and emails, and auction collateral—all of which can be cobranded, printed, or downloaded in a few easy steps. Property postcards can also be direct mailed, and your client mailing lists are kept private.
COBRANDING STUDIO | 15
SOLD IN SEVEN WEEKS | BEVERLY HILLS, CALIFORNIA | $57.12M
HOW LONG WILL IT TAKE FOR MY LUXURY PROPERTY TO SELL?
Each year, Concierge Auctions researches and provides insights into the most expensive property sales in the most desirable markets in the United States. The seventh edition of the Concierge Auctions Luxury Homes Index analyzes the 10 highest property sales in 56 top luxury markets across the United States to determine the impact that the number of days a high-end property is on the market has on its final sale price.
In this edition, Concierge Auctions’ research shows that even with the highest of luxury sales continuing to take longer to sell than the rest of the real estate market at large, either selling quickly and achieving a higher percentage of original list price or lingering on the market and ultimately selling at a significant discount, they are following similar trends, selling more quickly and achieving higher prices than in prior years.
16 | LUXURY HOMES INDEX
INDEX.
VISIT LUXURYHOMESINDEX.COM.
NOW AVAILABLE: CONCIERGE AUCTIONS 2023 LUXURY HOMES
TO RECEIVE THE COMPLETE COPY, CALL 212.984.3896 OR
SOLD IN FOUR WEEKS | SUN VALLEY, ID | $3.465M
FEATURED AUCTIONS
Explore
18 | FEATURED AUCTIONS
some of the world’s finest properties across North America, Central America, and Asia. Bidding will open and close online at conciergeauctions.com. BEL AIR, LOS ANGELES, CA | PAGE 20
FEATURED AUCTIONS | 19
ONLINE
SCAN TO SEE
BEL AIR, LOS ANGELES, CALIFORNIA
Auction | 8–19 September
Listed for $38.5M
Nestled on an expansive 5.5 acres, this extraordinary estate boasts panoramic jetliner views. A grand entrance down a sprawling private driveway unveils a meticulously renovated modern marvel, spanning an impressive 14,000plus square feet. Every inch of this architectural gem exudes contemporary luxury and refined style, setting an unparalleled standard for upscale living.
Property details provided by seller or others; buyer to verify.
Listed by Carolwood Estates, Broker, #DRE02200006
Drew Fenton, #DRE01317962
06
BEDS 08 F BATHS 03 H BATHS
14,000 SQ FEET
5.57 ACRES
Bel Air Promontory
1250 Bel Air Road Per Listing Agreement
2% Co-Broke Commission
20 | FEATURED AUCTIONS
22 | FEATURED AUCTIONS
FEATURED AUCTIONS | 23
WAILEA, MAUI, HAWAII
Auction | 31 August–12 September
Listed for $21M
Starting Bids Expected Between: $10M-$15M
Comprised of only one of seven lots in the area, each spanning three acres, this estate offers an unparalleled level of privacy, ensuring peace and tranquility with breathtaking vistas of the ocean and sunset. With close proximity to one of Hawaii’s most beautiful beaches, indulge in oceanside activities or simply enjoy walks along its pristine shores.
Property details provided by seller or others; buyer to verify.
Listed by Hawaii Life Real Estate Brokers, Broker, #RBO-19928-6 Dave Richardson, #RB-10780
05 BEDS 04
F BATHS 01
H BATHS
5,883 SQ FEET 3.14 ACRES
Keahou at Makena
4557 Makena Road
2% Co-Broke Commission
Per Listing Agreement
24 | FEATURED AUCTIONS
KARUIZAWA, JAPAN
Auction | 27 September–11 October
Listed for $4M
Starting Bids Expected Between: $857K-$2M
Nestled within the enchanting embrace of the Kitasaku District in Nagano Prefecture, Japan, lies the captivating address of 571-1 Karuizawa in Karuizawa Town. Karuizawa itself is a retreat for those seeking respite from the urban bustle, offering a sanctuary where modernity coexists harmoniously with tradition.
Property details provided by seller or others; buyer to verify.
Listed by Watabe & Co., Rikiya Shidara
01 MIXED-USE PROPERTY
571-1 Karuizawa
2% Co-Broke Commission
Per Listing Agreement
FEATURED AUCTIONS | 27
28 | FEATURED AUCTIONS
NEW BRAUNFELS, TEXAS
Auction | 6–20 September
Listed for $2.95M
Starting Bids Expected Between: $500K-$1.25M
Own a piece of riverfront paradise in the heart of New Braunfels, Texas. This nearly two-acre lot is a rare slice of land with panoramic views of the tranquil Comal River. Just minutes from historic Gruene and downtown New Braunfels, this rare find is an unparalleled opportunity to create your very own riverside retreat.
Property details and opportunity provided by seller or others; buyer to verify.
Listed by Compass RE Texas, LLC, #9006927, Leigh Rowan, #738223 & Marissa Van Bibber, #618074
1.89 ACRES
418 Lakeview Boulevard
3% Co-Broke Commission
Per Listing Agreement
FEATURED AUCTIONS | 29
PLAYA DEL CARMEN, MEXICO
Auction | 19–29 September
Listed for $8.9M
Starting Bids Expected Between: $2M-$5.25M
This spectacular oceanfront estate, built by Sordo Madaleno Architects, offers solitude, sweeping ocean views, and an organic aesthetic reminiscent of a luxury spa. The main floor outdoor terrace offers dining, swimming, and lounging areas. The serene color palette inside lets the luxurious materials and custom details sing while walls of glass remind you that a private beach awaits your arrival.
Property details provided by seller or others; buyer to verify.
Listed by The Agency, Broker, Sally Sudol, #D-0025347323
07
BEDS 08
F BATHS 03 H BATHS
22,873 SQ FEET 0.5 ACRES
Villa Kin Ich
2.5% Co-Broke Commission
Per Listing Agreement
30 | FEATURED AUCTION
FEATURED AUCTION | 31
WATER CAYE, BELIZE
Auction | 28 September–05 October
Listed for $12M
This 560-plus acre freehold island features pristine natural beauty with mangrove forests, coconut palms, plus birds and other wildlife, offering a beautiful canvas for future development. No matter your vision of paradise, whether a boutique resort, corporate retreat, or an incredible family compound with a surrounding nature preserve, posibilities abound in Belize.
Property details and opportunity provided by seller or others; buyer to verify.
Listed by Emerald Belize, Broker, John Estephan
567 ACRES
Water Caye
Belize, Central America
2% Co-Broke Commission
Per Listing Agreement
32 | FEATURED AUCTIONS
SOTHEBY’S EXCLUSIVES
Properties featured in this section showcase some of the finest Sotheby’s International Realty offerings in the world.
34 | SOTHEBY’S EXCLUSIVES
AUSTIN, TEXAS | PAGE 38
TO SEE ONLINE
SOTHEBY’S EXCLUSIVES | 35
SCAN
36 | SOTHEBY’S EXCLUSIVES
EXCEPTIONAL GLOBAL PROPERTIES
AUSTIN, TEXAS
Auction | 09 September–03 October
Listed for $24.9M
Starting Bids Expected Between: $3.5M-$8M
Villa Lake Austin boasts a beautiful waterfront location just minutes from Austin’s central business district. This updated villa on 1.477 acres offers style, stunning lake views, and great entertainment spaces. With luxurious amenities including a spa-like bath, rooftop deck, media room, and boat access, 2611 Westlake Drive provides an incomparable lifestyle.
Property details provided by seller or others; buyer to verify.
Listed by Kuper Sotheby’s International Realty, Broker, Camille Abbott, #338824
06
BEDS
01
BOAT DOCK
10 F BATHS
1.48 ACRES
Villa Lake Austin
9,604 SQ FEET
2611 Westlake Drve
3% Co-Broke Commission
Per Listing Agreement
SOTHEBY’S EXCLUSIVES | 37
38 | SOTHEBY’S EXCLUSIVES
SOTHEBY’S EXCLUSIVES | 39
BALI, INDONESIA
Auction | 7–13 September
Listed at $3.5M
Starting Bids Expected Between: $1.95M-$3.5M
‘Saratoga’ is an awe-inspiring property that seamlessly blends nature and architecture to create an unforgettable experience. This remarkable estate, encircled by lush greenery and traversed by a tranquil river, captivates visitors with its enchanting beauty and unique design.
Property details provided by seller or others; buyer to verify.
05 BEDS 05 F BATHS 05 H BATHS
9,418 SQ FEET
Saratoga Estate
2.5% Co-Broke Commission
Per Listing Agreement
40 | SOTHEBY’S EXCLUSIVES
Listed by Queensland Sotheby’s International Realty, Broker, #4075572 Carol Carter, #3956717 & Blair Carter #4601008
EXCEPTIONAL GLOBAL PROPERTIES
CARBONDALE, COLORADO
Auction | 22 September–3 October
Listed for $20M
Located in Roaring Fork Valley—just under 30 miles from Aspen—this 37.7-acre equestrian ranch features a main home, indoor and outdoor arenas, trails, and mountain vistas. This estate is fitted with world-class facilities plus water rights and the potential to expand.
Property details provided by seller or others; buyer to verify.
Listed by Aspen Snowmass Sotheby’s International Realty, Broker, #EL100038598, Soffia Lorraine Wardy, #FA.100097094
03
BEDS 03
F BATHS 01
H BATHS
3,396 SQ FEET
37.8 ACRES
The Red Barn
5644 County Road 100
3% Co-Broke Commission
Per Listing Agreement
SOTHEBY’S EXCLUSIVES | 43
IMPORTANT GLOBAL PROPERTIES
HELSINKI AREA, FINLAND
Auction | 12–26 October
Listed for $2.9M
Surrounded by the tranquil Baltic Sea, discover SuperShe Island nestled in one of the world’s largest archipelagos. Spanning 8.47 breathtaking acres of pine forest and goldsand beach, the natural beauty of the wilderness surrounding is elevated by the impeccable villas tucked within. Four decadent cabins have been newly renovated into showpieces of elegant Scandinavian design.
Property details and opportunity provided by seller or others; buyer to verify.
04 CABINS
8.47 ACRES
1,800 SQ FEET 01 HELIPAD
Super She Island
Former Luxury Resort Island
2% Co-Broke Commission
Per Listing Agreement
44 | SOTHEBY’S EXCLUSIVES
Listed by Snellman Sotheby’s International Realty, Broker, Tea Käyhkö
SOTHEBY’S EXCLUSIVES | 45
IMPORTANT GLOBAL PROPERTIES
GARRISON, NEW YORK
Auction | 7–21 September
Previously Listed for $2.995M
This gorgeous Hudson Highland estate sits along the Hudson River train line, just an hour north of New York City. Renowned architects Paul Mayen and Edger Kaufman Jr. built this stunning modernest country estate. Sitting on over 13 acres of natural beauty, Water Run boasts classic gardens featuring whimsical features like statues, ponds, and more.
Property details provided by seller or others; buyer to verify.
05 BEDS 06 F BATHS
13.9 ACRES
9,707 SQ FEET
Water Run
1 Webb Trail
2% Co-Broke Commission
Per Listing Agreement
46 | SOTHEBY’S EXCLUSIVES
Listed by Ellis Sotheby’s International Realty, Broker, #49EL1057037, Richard W Ellis, #49EL1057037
IMPORTANT GLOBAL PROPERTIES
LOUISVILLE, KENTUCKY
Auction | 8–15 September
Listed for $4.995M
Starting Bids Expected Between: $1.25M-$2.5M
Designed by Joseph E. Chandler and Stratton Hammon, this 120-year-old Georgian Revival estate is a unique piece of Louisville history. The two-story foyer, with a curving staircase, hint at a gracious floorplan with a modern, open feel. The expansive seven-acre grounds offer an idyll overlooking the Ohio River.
Property details provided by seller or others; buyer to verify.
Listed by Lenihan Sotheby’s International Realty, Broker, #18915, Claire Alagia, #220692 & Jon Mand, #212298
07
BEDS 05 F BATHS 03 H BATHS
10,312 SQ FEET 6.68 ACRES
Boxhill Estate
3200 Boxhill Lane
3% Co-Broke Commission
Per Listing Agreement
48 | SOTHEBY’S EXCLUSIVES
SOTHEBY’S EXCLUSIVES | 49
50 | SOTHEBY’S EXCLUSIVES
IMPORTANT GLOBAL PROPERTIES
MILLWOOD, VIRGINIA
Auction | 1–15 September
Listed for $7.5M
From charming stone cabins and guest houses to chef-prepared meals, the historic Carter Hall is ready to entertain. Relax with a glass of wine from nearby wineries and watch the seasons change against the backdrop of the Blue Ridge Mountains. Outdoor enthusiasts will appreciate a variety of majestic trees and enjoy exploring the expansive grounds.
Property details provided by seller or others; buyer to verify.
Listed by TTR Sotheby’s International Realty, Broker, #0226029790, Laura Farrell, #0225213848 and Ron Mangas #0225080708
24 BEDS 26 F BATHS 03 H BATHS
27,316 SQ FEET 87 ACRES
Carter Hall
255 Cater Hall Lane
3% Co-Broke Commission
Per Listing Agreement
SOTHEBY’S EXCLUSIVES | 51
52 | SOTHEBY’S EXCLUSIVES
PORTSMOUTH, RHODE ISLAND
Auction | 20 September–4 October
Listed for $5.9M
Starting Bids Expected Between: $2M-$3.5M
This gorgeous 22nd-floor penthouse is in an exclusive, gated community in Newport County. With state-of-the-art features, luxury amenities, and stunning interior details, this property is the crown jewel of the community. Watch the sun rise and set over Narragansett Bay with a glass of wine on your spacious private balcony.
Property details provided by seller or others; buyer to verify.
05
8,235
Carnegie Tower
Listed by Mott & Chace Sotheby’s International Realty, Broker, #REC.0016122, Kylie McCollough, #RES.0042670 1
2.5% Co-Broke Commission
SOTHEBY’S EXCLUSIVES | 53
BEDS
F BATHS
H
05
01
BATHS
TERRACE
SQ FEET 01
Tower Drive
Per Listing Agreement EXCEPTIONAL GLOBAL PROPERTIES
EXCEPTIONAL GLOBAL PROPERTIES
ACCEPTING DECEMBER CONSIGNMENTS
Concierge Auctions is pleased to present an exclusive auction showcasing the finest Sotheby’s International Realty offerings in the world, with bidding closing live at Sotheby’s New York and online. Simultaneously showcased with Sotheby’s auction house, the world’s premier destination for fine art and luxury goods, Sotheby’s International Realty properties hand-picked for inclusion will benefit from global exposure and positioning alongside the finest luxury items in the world. Interested in being included in our December live sale at Sotheby’s New York? Please enquire at +1 212.203.2408.
54 | EXCEPTIONAL GLOBAL PROPERTIES
SCAN TO SEE ONLINE
EXCEPTIONAL GLOBAL PROPERTIES | 55
Featured Sold
930+ PROSPECTS 46 SHOWINGS
WEST HOLLYWOOD, CALIFORNIA
56 | CASE STUDIES
Listed by Aaron Kirman of Compass Real Estate
Sierra Towers Penthouse
SOLD IN SIX WEEKS | $19.6M
Featured Sold
970+ PROSPECTS 31 SHOWINGS
PARK CITY, UTAH
58 | CASE STUDIES
Listed by Michael Diamond of Coldwell Banker Park City
795 Hollyhock Street
SOLD IN SIX WEEKS | $5.488M
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 850,000 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.
60 | FAQS
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 conciergeauctions.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, 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, your broker will be paid the co-brokerage commission as a referral fee.
Learn more at: conciergeauctions.com/faq
FAQS | 61
Concierge Auctions, LLC, (“Concierge Auctions”) is an auctioneer. Concierge Auctions’ principal address is 228 Park Avenue South, PMB 70835, New York, NY 10003, and its phone number is (212) 202-2940. If required, 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 Kentucky is: Frank Trunzo, Auctioneer, License #257082; Virginia is: Concierge Auctions, LLC, Auction Firm License #2908000850, Bond #AG003227 ; Frank Trunzo, Auctioneer, License #2907002987, Bond #VA3712. Concierge International Real Estate, Inc. (a subsidiary of Concierge Auctions, LLC) ], Broker, Real Estate Brokerage License #226036651, 650 Madison Avenue 2nd Floor New York, NY 10022, Telephone: (212) 202-2940. Tony Ray Young, Broker, License #225266056; New York is: Frank Trunzo, Auctioneer, NY Real Estate License #10401372092. Concierge Auctions, LLC, Broker, #10991209483, 405 Lexington Avenue 26th Floor New York, NY 10174, Telephone: (212) 202-2940. Chad Aron Roffers, Broker, License #10491202564; Texas is: Frank Trunzo, Auctioneer, License #16847. Concierge International Real Estate, Inc. (a subsidiary of Concierge Auctions, LLC), Broker, License #9012742, 650 Madison Avenue 2nd Floor New York, NY 10022, Telephone: (212) 202-2940. Tony R Young; License #794000;Colorado is: Concierge Auctions, LLC, Broker, License #EC.100032451, 900 East Union Avenue Suite 1100 Denver, CO 80237, Telephone: (212) 202-2940, Tony Young, Broker, License #ER.100094056. awaii is: Concierge Auctions, LLC, Maui Auctioneer Permit #AUC569, Bond #83BSBIY8872; Frank Trunzo, Auctioneer, Maui Auctioneer Permit #AUC569, Bond #83BSBIY9388, Concierge International Real Estate, Inc. (a subsidiary of Concierge Auctions, LLC), Broker, Real Estate Brokerage License #RB-23427, 500 Ala Moana Blvd. Suite 7-400 (Suite 464) Honolulu, HI 96813, Telephone: (212) 202-2940. Tony R Young, Broker, License #RB-23428.
These properties are listed for sale by This property is listed for sale by Lenihan Sotheby’s International Realty, Broker, License #189155, 33803 Brownsboro Road, Louisville, KY 40207, 502-417-2837, Jon Mand, License #212298, (“Listing Agent”) and Mary Claire Alagia, License #220692, (“Listing Agent”); This property is listed for sale by TTR Sotheby’s International Realty, Broker, License #0226029790, 6474 Main Street, PO Box 197, The Plains, Virginia 20198, 540.212.9993, Laura farrell, License #0225213848 (“Listing Agent”) and Ron Mangas, License #0225080708 (“Listing Agent”); This property is listed for sale by Mott & Chace Sotheby’s International Realty, Broker, License #REC.0016122, 20 Narragansett Avenue #909, Narragansett, RI 02882, 401.789.8899, Kylie McCollough, License #RES.0042670, (“Listing Agent”); This property is listed for sale by Ellis Sotheby’s International Realty, Broker, License #49EL1057037, 76 North Broadway, Nyack, N.Y., 10960, 845.353.4250 , Richard W Ellis, License #49EL1057037, (“Listing Agent”); This property is listed for sale by The Agency, Broker, Calle Venustiano Carranza #268 Loc 1, Col. Emiliano Zapata, Puerto Vallarta, Puerto Vallarta, Jalisco., +52 329 111 7925, Sally Sudol, License #D-0025347323, (“Listing Agent”); This property is listed for sale by Compass RE Texas, LLC, Broker, License #9006927, 2500 Bee Caves Road, Building 3, Suite 200, Austin, TX 78746, (512) 5753644, Leigh Rowan, License #738223, (“Listing Agent”) & Marissa Van Bibber, License #618074, (“Listing Agent”); This property is listed for sale by Aspen Snowmass Sotheby’s International Realty, Broker, License #EC100038598, 415 E Hyman Avenue, Aspen, CO 81611, (970) 925-6060, Soffia Lorraine Wardy, License #FA100097094, (“Listing Agent”); This property is for sale by OXO Group Indonesia, Broker, Gg. Jalak VIB No.4, Tibubeneng, Kecamatan Kuta Utara, Kabupaten Badung, Bali 80361 Indonesia, +62 811-3800-075, Vivi Aprilia (“Listing Agent”); This property is listed for sale by Hawaii Life Real Estate, LLC, Broker, License #RBO-19928-6, 161 Wailea Ike Place Suite C-103, Wailea, HI 96753, 808-870-9916, Dave Richardson, License #RB-10780, (“Listing Agent”).
Concierge Auctions (in certain jurisdictions) and certain 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, however, neither 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.
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 Concierge Auctions bidder terms and conditions.
©2023 Concierge Auctions, LLC. All Rights Reserved. Sotheby’s® and Sotheby’s International Realty® are registered trademarks and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. Equal Housing Opportunity. Real estate agents affiliated with a Sotheby’s International Realty brokerage are independent contractor sales associates and are not employees of Sotheby’s, Sotheby’s International Realty nor Concierge Auctions, LLC. Certain services are provided by third parties. Auction services are being provided by Concierge Auctions, LLC. Terms and conditions apply. Execution of program agreements required. Results not guaranteed.