Nearly $120 million in aggregate bids achieved; two of the largest oceanfront parcels on California’s Pacific Coast Highway headline the evening sale

Concierge Auctions, the world's leading luxury real estate auction marketplace, announced this evening the success of its ‘Spring Showcase’ inaugural sale in Los Angeles. From The Maybourne Beverly Hills, the monumental auction streamed live on conciergeauctions.com, achieving white-glove results, with 100% of lots sold and nearly $120 million in aggregate bids placed.

Held as part of its 2024 sales series spanning Los Angeles, New York, and Dubai, the event featured a hand-picked selection of marquee real estate offerings, including two of the largest oceanfront parcels on California’s Pacific Coast Highway in Malibu and Laguna Beach. Also featured was a private retreat with two residences on nearly four acres near Las Vegas, Nevada.

Conducted by Concierge Auctions’ head auctioneer, Frank Trunzo, an audience of more than 100 were in attendance as property connoisseurs competed in the room, on the telephone via a team of specialists, and online.Facts & Figures from the Auction:
• White-glove results, with 100% sell through rate
• Nearly $120 million in aggregate bids placed
• 90% increase above average Starting Bid prices achieved

"Tonight was a testament to the strength of our platform and network, connecting discerning buyers with remarkable properties and helping clients experience the utmost reach and efficiency in their transactions,” said Krystal Aeby, President of Concierge Auctions. “Our live auctions continue to be our most sought-after events, and our inaugural sale in Los Angeles is not only proof of this, but also our dedication to excellence, our commitment to breaking barriers, and our collective continuance to make history. Achievements like this event are what sets Concierge Auctions apart as the leading in our industry."

Highlights from the sale:
Offered for the first time collectively in partnership with Bill and Daniel Moss of Coldwell Banker Realty and located in star-studded Malibu, California, ‘Encinal Canyon Bluff’ saw six bidders and $27.45 million in aggregate bids, selling for $3.696 million—an increase of more than 150% over the average Starting Bid. As one of the largest and most unique land holdings along the striking Pacific Coast Highway, the property spans 130 acres in three separate parcels encompassing ‘Encinal Canyon Bluff’, representing one of the last premier bluff-top properties with unobstructed ocean views, perched along the mountain, with celebrity estates fringing the coast below.

In partnership with Garrett Weston of Coldwell Banker Realty, nestled along the picturesque Pacific Coast Highway in the exclusive South Laguna Beach enclave, one of Southern California’s most coveted communities, 31987 Coast Highway saw five bidders and $14.5 million in aggregate bids, selling for $5.04 million—an increase of 55% over the average Starting Bid. The three-quarters-of-an-acre coastal property overlooks the glittering waves of the Pacific Ocean below, providing a singular opportunity to build a private, uniquely individual retreat.

Owned by world renowned author Terry Goodkind, ‘The Goodkind Estate’, located at 1505 and 1507 San Felipe Drive in Boulder City, Nevada, saw eight bidders, selling for $4.032 million—an increase of 64% over the average Starting Bid. Offered in partnership with Amber Bartholomew of Desert Sun Realty, the two residence retreat on nearly four acres offers a truly private setting with fully fenced, park-like grounds that include walking trails, a koi pond, and views of the Red and Black Mountain peaks.

As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, each closing will result in the funding towards new homes built for families in need.

Concierge Auctions is currently accepting consignments for its ‘Summer Showcase’ in New York in July and its ‘Fall Showcase’ in Dubai in October.