‘The One’ in Bel Air, California was among seven U.S. properties sold for $100-million-plus and the highest price of those publicly offered for sale.
Sotheby’s Concierge Auctions’ world-record-breaking sale of ‘The One’ in Bel Air, California for $141 million, the highest price ever achieved for a residence at auction, is now also the highest sale for any property listed in all of 2022.
In cooperation with listing agents Aaron Kirman of Compass and Brandon and Rayni Williams of The Beverly Hills Estates, the auction closed in March of last year and exceeded Sotheby’s Concierge Auctions’ prior world record for the highest residential price achieved at auction by nearly 50%.
“While there are clear headwinds in the current real estate market, demand for the very best locations remains robust,” commented Chad Roffers, President of Sotheby’s Concierge Auctions. “Our 2022 results demonstrate the relevancy and power of our platform to facilitate buying and selling the finest properties worldwide.”
The firm’s 2022 performance brings Sotheby’s Concierge Auctions’ running-total of worldwide sales to nearly $4 billion. With activity in 34 countries to date, Sotheby’s Concierge Auctions further cements its market leadership in luxury real estate auctions.