Live Auction of Lakefront Home Held by Concierge Auctions in Whitefish, Montana a Success

Extensive outreach efforts and "Without Reserve" format resulted in 110 buyer prospects and 8 registered bidders

PRNewswire
WHITEFISH, Mont.
Aug 3, 2010

100 Scullers Way, a premier 3.5-acre estate with over 400 feet of frontage on Whitefish Lake, was successfully sold during a live, on-site auction this morning, announced NYC-based luxury real estate auction firm Concierge Auctions. The sale was conducted in cooperation with listing broker Pat Donovan of Glacier Sotheby's International Realty.

Hosted on an idyllic summer morning beneath a white tent in the Montana mountains, with Whitefish Lake as the backdrop, potential buyers competed in a lively bidding session to own this magnificent property. Concierge Auctions' extensive outreach efforts generated an astonishing 110 buyer prospects (following 2,896 visits to the auction website from 45 countries and all US states) and 8 registered bidders. The winning bidder reigns from Calgary, Canada.

"The auction exposure efforts generated more activity in six weeks than this property had seen in the past three years," stated Donovan. "But the auction itself was the most exciting part of it all. To witness eight, active bidders competing 'live,' when 62 other Whitefish Lake residential properties are on the market, was a testament to the power of Concierge Auctions format. Whitefish is a treasured area, but like most other resort locations it has been a challenging few years for real estate sales. It was nice to see such strong buyer activity again."

Nestled among a 60-square-mile stretch of lakes, wild and tranquil rivers, 100 Scullers Way contains a 3,360-square-foot main residence, guest house, and oversized four-car garage. With an immaculate log-cabin exterior, the main residence offers expansive views of the Whitefish Lake and beyond to the forests that surround Flathead Valley. It boasts three large bedrooms, two bathrooms and one powder bath situated on two levels, high ceilings, a stone fireplace, exposed beams and a wraparound outdoor deck for lakeside entertaining. A recent addition to the property in 2007, the guest home is a two-story, split-level residence modeled in the style of the main residence. The property also offers a floating dock on the lake that can accommodate two jet skis and an up to a 24-foot boat.

"Auctions without reserve are the most compelling and transparent form of auction," stated George Graham, CEO of Concierge Auctions. "They enable sellers to act from a position of strength, which is rare in today's market. The seller allows the bidders to identify the value of their property, but in turn they name all the other terms of the sale - closing in 30 days without contingencies. In a Concierge Auctions sale the contract secured by the high bid is the end of the negotiations, as opposed to traditional brokerage methods, where an executed contract is typically only the beginning. Smart, savvy sellers should take notice: This is the future of luxury real estate sales."

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. The company's innovative auction platform offers a 60-day disposition solution from engagement to closing. For more information about Concierge Auctions and its services please call 888-966-4759 or visit www.ConciergeAuctions.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 30,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. For more information, call 888-966-4759 or visit www.ConciergeAuctions.com.

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SOURCE: Concierge Auctions

CONTACT: Concierge Auctions, www.conciergeauctions.com; Kari Neering,
Rubenstein Public Relations, +1-212-843-8392, kneering@rubensteinpr.com

Web Site: http://www.conciergeauctions.com/