3.5-Acre Austin Compound Under Contract Following Last Night's Live Auction
Concierge Auctions Accomplishes Two Important Goals for Seller
May 26, 2016
AUSTIN, Texas, May 26, 2016 /PRNewswire/ -- The Concierge Auctions gavel fell last night on a private estate in the peaceful hills of west Austin, Texas. With over 14,000 square feet spread among five structures on 3.5 tree-covered acres, 101 Pascal Lane is among the finest residences in the Capital City.
Seller Ross Garber, referred to by Billionaire.com as "one of the many power players who has helped put the tech in Texas" for his co-founding of Vignette Corporation, and his wife Laurie remarked on the process:
"We decided to take the property to auction because we were looking for a 'done date', so we could move on. We believed it would be a superior vehicle for time, liquidity and price, and we accomplished two of the three," stated Mr. Garber. "While we hoped for a higher price, we knew there was a range of outcomes and own up to the bet we placed."
Over the past five weeks, Concierge Auctions executed a global marketing and sales campaign, identified over 650 prospects, and qualified six buyers to participate in the bidding. The winning buyer is from the Pacific Northwest.
"Everything was conducted professionally," continued Garber. "Concierge generated a lot of interest and demand. Their team is top-notch."
The Garbers utilized the local brokerage process for a year before deciding to hire Concierge Auctions.
"Our clients place significant value on their time, and our process is the only way to ensure a pragmatic balance between value and time," said Chad Roffers, Chairman of Concierge Auctions. "The Austin luxury property market behaves like the majority of the US, whereas properties either sell quickly for a high percentage of list price, or they frequently fall into a 2 to 3 year limbo."
Upcoming luxury property auctions are underway in Arizona, California, Colorado, Connecticut, Florida, Hawaii, Montana, Nevada, New Jersey, New York, North Carolina, Tennessee, Utah, Wyoming, Canada, Fiji, Mexico and Spain, and many more are scheduled for the Summer and Fall. 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
Headquartered in New York City with additional offices in London and Austin, TX, Concierge Auctions is the dominant marketplace for buying and selling the world's finest properties. Since its founding in 2008, Concierge's business has spanned 32 US states and 11 countries, resulting in over $950 million in sales and many record-setting transactions. Concierge 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.
SOURCE Concierge Auctions