Sotheby’s and Anywhere Real Estate, Inc acquired Concierge Auctions in the latter part of 2021. Among this acquisition, Concierge Auctions reviews that it will still operate independently, partnering with real estate agents hosting online luxury auctions for clients. In the following article, Concierge Auctions reviews their September Global Auction, many properties with no reserve, beginning September 15th. Currently, there are 13 luxury properties on auction, and in the following article, Concierge Auctions highlights a few.
After setting many sales records in 2022, Sotheby’s Concierge Auctions looks set to extend its successes into the autumn with over $195 million dollars’ worth of luxury homes coming to auction on September 15th. Selling live at Sotheby’s New York, Concierge Auctions notes that the majority of these homes will sell to the highest bidder without a reserve, offering many the chance to invest in properties at their bid price.
This event also marks the first time that a property exhibition has sold live at Sotheby’s New York. Properties are broadcast around the world to London, Singapore, Hong Kong, and Dubai. Although many of the properties are located in the United States, Concierge Auctions reports that their listings span the globe and offer a range of beach homes, mountain chalets, and urban mansions.
Sotheby’s Tech-Savvy Innovations Pay Off
Concierge Auctions reviews that at the start of the COVID-19 pandemic, many within the art world worried that the luxury market would suffer. Sotheby’s, on the other hand, took a different tack. The company quickly shifted its focus online, launching a series of digital initiatives that would help it not only weather the storm but also emerge stronger than ever.
Sotheby’s was an early adopter of
live streaming, using it to broadcast everything from major auctions to more intimate viewings. The company also developed a number of tech-based products and services, including an AI-powered art advisor and an augmented reality app that allows potential buyers to view artworks in their own homes.
Sotheby’s recent innovations have since paid off. Concierge Auctions explains that since the first quarter of 2021, Sotheby’s has seen a 68% increase in profits, and the company has since earned more than double what Patrick Drahi paid for it in 2019. With the global luxury market expected to grow in the coming years, Sotheby’s is well positioned to take advantage.
Luxury Real Estate Auction Began at Sotheby’s on September 15
According to several marquee listings on Sotheby's homepage, the company began auctioning off a number of luxury homes starting September 15th with Concierge Auctions. Concierge Auctions reviews that these homes are located in a number of countries around the world, including the United States, Mexico, Thailand, and Switzerland.
Concierge Auctions says that the move is part their efforts to appeal to a more global audience, as the company showcases the auctions in London, Singapore, and Dubai. Many of the properties up for sale are being sold without a reserve, which means that they will be sold to the highest bidder regardless of price.
This presents a unique opportunity for buyers, as they will have the chance to invest in properties at their bid price. Of course, with so much interest spread across four of the wealthiest cities, it’s unlikely that a single property will fail to earn its estimated value. And, with over $195 million worth of luxury homes on the auction block, Sotheby's Concierge Auctions is sure to profit.
Highlights from Sotheby’s Concierge Auctions Current Listings
Concierge Auctions reviews that among 14 listings currently up for sale, auction-goers will have the opportunity to bid on the stunning properties, including:
- Amanpuri Luxury Ocean Villa: This four-bedroom seaside villa is located on the rugged shores of Phuket, Thailand, and features a balance of traditional Thai wooden architecture and modern interior design. It is set amongst a community of resort homes and offers complete luxury dining, amenities, and comfort. Note that this auction successfully closed and the sale is pending and made it into the September Goal Sale.
- Chateau Plaisance: Concierge Auctions reviews that this property, on nearly 3 acres of pristine Californian land, this French-inspired chateau offers views of the Santa Monica mountains, access to Jack Nicholas’s signature golf course, and the seclusion of a private estate removed from the bustle of Los Angeles. Additional amenities include an infinity pool, reflection pond, and a manicured lawn beset by a cobblestone driveway and hedge line.
- Rustic Luxury Villa ; Retreat Center: Concierge Auctions reports that this one-of-a-kind property in Tulum, Mexico, offers the perfect balance of luxury, seclusion, and relaxation set amid the jungles of Tulum with views of the nearby ocean. With 6 bedrooms and 7 bathrooms spread across 4 floors, the estate is ideal for hosting events, accommodating guests, or simply escaping the hustle and bustle of everyday life.
The Takeaway
For luxury buyers looking for a deal, Sotheby’s Concierge Auctions upcoming auction is the perfect opportunity to invest in high-end properties around the world. With many of the homes selling without a reserve, there is the potential to snag a property at your ideal price. Of course, with interest high and $195 million worth of homes up for sale, Sotheby’s Concierge Auctions is sure to come out on top after this historic event.
