We understand that luxury properties are difficult to value and sell. And, that time can be 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 best properties with the world's most capable buyers. We bring unmatched reach, speed, and certainty to what can otherwise take years.

Concierge Auctions is the world's largest luxury real estate auction marketplace. Our company's owners now include Sotheby's - 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 run 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 38 countries and 46 US states.

Our process is 60 days, from the day you sign up to the day the bidding ends. 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 insiders who hear about your property first (our proprietary database includes 825,000+ contacts)
• 3.
  Engage the local market
• 4.
  Facilitate a fast and easy closing (as-is, where-is, contingency-free)

Phase I: Underwriting

Once the Auction Agreement is signed, the property moves into Underwriting for committee review and approval.

Phase II: Preparation

Days 1-14

After the property has passed Underwriting, the auction team will be assigned to begin launch preparations over the next two weeks, including assembling marketing assets, collating diligence, and forming the sales strategy.

Phase III: Global Launch & Early Bidder Aggregation

Days 15-36

On launch day, the property will go live on our global marketplace and open houses/scheduled showings begin. The next three weeks are focused on targeted database outreach and early bidder aggregation. Prior to bidding opening, the seller, listing agent, and the auction team will collectively review the initial bidder lineup and starting bids to approve the opening of bidding.

Phase IV: Local Market & Additional Bidder Engagement

Days 37-50

The day bidding opens, the MLS will be adjusted to the highest starting bid. Bidding will remain open for the next two weeks, which are focused on activating the local market, re-engaging our database, and additional bidder engagement. During this time, MLS will be continually adjusted to the current high bid.

Phase V: Closing

Once bidding concludes, the property will move into the closing period, led by your chosen escrow agent, which will take approximately 1-4 weeks.

• We do not charge seller fees.
• The buyer pays a 6-12% premium.
• Listing and buyer agent commissions are protected.

We select only the highest quality properties—one in every 20 that comes our way—with the most realistic sellers who value controlling the timing of sale.

Buyers have access to premium real estate on our bidding platform that allows participation from anywhere in the world with convenience and transparency. No more under offering. No more over paying.

Born out of the luxury real estate industry, our approach combines the benefits of a traditional brokerage with the added value of an auction. Auctions build interest and competition for real estate in a finite time period, just as they do for expensive artwork, wine, and cars.

Curating the very best in class, Concierge Auctions is pleased to present our 2024 sale series of auctions—showcasing some of the finest real estate offerings in the world with bidding closing live and online.

Properties will receive exposure via our proven platform and global database of 850,000 high-net-worth clientele, via direct access to buyers in key feeder markets and the world's fastest-growing luxury cities.

If you wish to enquire about offering a property in one of our upcoming sales, please submit your information in the form or contact a luxury client service representative at +1 212 257 5179.