Luxury Real Estate Marketplace Concierge Auctions Sets Highest Price Ever Paid For A Residence At Auction

Big Wood River Estate auction yields a trifecta of records: the highest known price ever paid for a residence at auction, the highest sale in the firm's history and the highest known price for a residential property in Sun Valley, Idaho

Sep 18, 2015

SUN VALLEY, Idaho, Sept. 18, 2015 /PRNewswire/ -- Approximately 71.3 secluded acres with three distinct residences, blue-ribbon river frontage and stunning Bald Mountain views, located in popular ski resort destination Sun Valley, ID, has a new owner following yesterday's record-breaking auction of the Big Wood River Estate. Executed by industry leader Concierge Auctions, the live, on-site auction marks the most expensive residence ever known to sell at auction. When closed, it will also represent Concierge Auctions' largest sale since its founding in 2008 and the highest known price for a residence in Sun Valley. The exposure for the Big Wood River Estate attracted a global audience and a diverse pool of six qualified buyers. The winning bidder is from the Pacific Northwest who, prior to the commencement of Concierge's global campaign, was unaware of the property.

Photo -

Concierge Auctions' progressive marketing campaign drew over 34,800 website views from all US states (led by California, Idaho and New York) and 92 countries (led by the United States, Canada and the United Kingdom). The videos portraying the property and lifestyle were played more than 10,221 times.

With three distinct timber and rock residential structures — a main house with service quarters; a separate guest house overlooking an idyllic reflecting pond; and a charming gate house at the private entrance — the Big Wood River Estate was built to enjoy and entertain. Designed by renowned architect Alan Wanzenberg, the property is surrounded by a sea of untouched private land and includes nine original lots.

"The Big Wood River Estate is all about unmatched privacy, proximity and acreage, which is why the records broken were no surprise," said Laura Brady, president of Concierge Auctions. "We dominate the auction space for properties over $10 million and are proud to not only achieve another company milestone, but also to make an impression globally by handling the most expensive residential sale ever known to be achieved at auction. A special thanks to Mike Russo and Erin Struxness of Concierge Auctions and David Hutchinson of Thunder Spring Real Estate for working tirelessly to execute this auction."

Concierge has other luxury property auctions underway around the world including the Bahamas, California, Colorado, Fiji, Florida, Massachusetts, Michigan, Nevada, Oregon, Texas and Utah. If you or someone you know is interested in buying or selling a remarkable property through Concierge Auctions, call 212.257.5018.

About Concierge Auctions
New York-based Concierge Auctions is the dominant player in the luxury real estate auctions sector, selling high-end properties worldwide through a transparent and market-based bidding process. Since its founding in 2008, Concierge's business has spanned the globe, including 27 US states and 5 countries, and the firm has produced numerous record-setting sales. Concierge recently received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and has been named one of America's fastest-growing companies by Inc. Magazine for the past two years.

Kari Neering 
Gina Maruschak 

SOURCE Concierge Auctions