Vail Valley retreat in Casteel Creek and ‘The Soho’ in Calabasas headline the evening sale of marquee real estate offerings.
Sotheby’s Concierge Auctions, the world's best luxury real estate auction marketplace, announces the success of the ‘Exceptional Global Properties’ sale, among its most highly anticipated events of the year. From the esteemed Sotheby's New York saleroom, the auction streamed live on conciergeauctions.com and sothebys.com. Notably, the white-glove sale realized 100% of lots sold and $70 million in aggregate bids placed.
Held during Sotheby’s ‘The Luxury Sales’ series, showcasing the season’s best in real estate, watches, jewels, handbags, wine, and spirits, headlining the evening sale were two marquee offerings: a renowned retreat in Vail Valley, Colorado’s coveted Casteel Creek community and a three-story Malibu Valley Estates modern in Calabasas, California.
An audience of more than 100 were in attendance as property connoisseurs competed on the telephone via a team of specialists and online. The event was conducted by Sotheby’s Concierge Auctions’ head auctioneer, Frank Trunzo.
Facts & Figures from the Auction
White-glove results, with 100% sell through rate across three auctions
$70 million in aggregate bids placed
49% increase above average Starting Bid prices achieved
“Our ‘Exceptional Global Properties’ sales bring together some of the most outstanding properties in the world with connoisseurs who have passion for what they represent: refined, luxurious living. The enthusiastic response to yesterday evening’s event is a testament to the reach of the brand and our greater network in creating can’t-miss auction experiences,” said Krystal Aeby, president of Sotheby’s Concierge Auctions.
Highlights from the Sale
2400 and 1683 Casteel Creek Road, comprising two residences part of the original renowned retreat in one of the ultra-luxe Vail Valley’s most pristine neighborhoods, were presented collectively, achieving $22.4 million—an increase of 40% over the average Starting Bid. The residences, perched upon just under 56 acres of breathtaking Colorado mountainscape, were offered via Sotheby’s Concierge Auctions in partnership with Barbara Gardner and Malia Cox Nobrega of LIV Sotheby's International Realty.
"The sale of 2400 and 1683 Casteel Creek Road underscores its exceptional design and coveted mountain location," remarked Chad Roffers, CEO and founder of Sotheby’s Concierge Auctions. "Our team, renowned as the foremost experts in luxury property auctions globally, is adept at achieving results that truly reflect the intrinsic value of properties like those at Casteel Creek. We pride ourselves on facilitating transactions driven by genuine market demand, as evidenced by the enthusiastic participation of qualified bidders vying for properties such as these two."
In partnership with Neyshia Go of Sotheby’s International Realty - Beverly Hills Brokerage, ‘The Soho’, located at 26773 Mulholland Highway in Calabasas, California, saw five bidders and $18.35 million in aggregate bids achieved, selling for $5.264 million—an increase of 28% over the average Starting Bid. The newly-constructed estate in a coveted community set against the untouched and beautifully preserved landscape of the Santa Monica Mountains, totals 8,305 square feet across two acres. With unparalleled canyon views and a modern architectural style that accentuates the estate’s clean lines, this property is truly picturesque.
Also on the auction stage was a lakefront property in Chapin, South Carolina. Presented with Wilmot Irvin of Joan Herlong & Associates Sotheby’s International Realty, 1153 Indian Summer Point near Lake Murray saw eight bidders and sold for $1.26 million—an increase of 80% over the average Starting Bid. The Old World Italian style estate was offered for the first time, cared for by the same owners for more than 50 years.
As part of Sotheby’s Concierge Auctions' Key for Key®giving program in partnership with Giveback Homes, the closing will result in funding towards new homes built for families in need.
Sotheby’s Concierge Auctions is currently accepting consignments for live sales during Sotheby’s ‘The Luxury Sales’ in London in May, Hong Kong in September, and New York in December.