Absolute Luxury Real Estate Auction in Vail Valley, Colorado Planned by Concierge Auctions on September 30

Cordillera estate of more than 11,000 square feet will sell to the highest bidder, regardless of price

PRNewswire
VAIL, Colo.
Aug 27, 2010

Concierge Auctions will host a live, on-site luxury real estate auction of 50 Spring Creek Place, a magnificent Rocky Mountain estate located within the exclusive Club at Cordillera in the Vail Valley, one of the most sought after mountain destinations in the world. Originally listed for $9.5 million, the property is selling Absolute, meaning it will sell to the highest bidder, regardless of price. The September 30 sale is being conducted in cooperation with Suzi Apple of Gateway Land & Development.

"The Club at Cordillera is a crown jewel of the coveted Vail Valley - offering the utmost in luxurious amenities amidst secluded exclusivity," stated Apple. "50 Spring Creek Place is one of the finest homes that has ever been built in the entire Vail Valley in my 30 year career. This auction format presents an unprecedented opportunity for any buyer interested in living the Vail lifestyle."

"Over the past months I have been searching for alternative marketing efforts to ensure the sale of our home in order to re-allocate my capital to other investment opportunities. After researching various auction formats and firms, Concierge Auctions was a clear choice due to its expert team and sole focus on luxury homes," stated seller David White. "I know I am taking a risk by selling Absolute; however, I weighed the decision with great thought. I am willing to risk allowing the buyers to identify the price in return for a guaranteed sale on September 30th."

One of the Vail Valley's most magnificent masterpieces and inspired by the romantic architectural style found in the remote mountain villages of Italy, 50 Spring Creek Place offers 11,026 square feet of living area with five bedrooms, seven and one-half bathrooms, and showcases soaring vaulted ceilings and integrated living spaces that seamlessly beckon the outdoors in. Overlooking Spring Creek with the Sawatch Mountain Range as its stunning backdrop, the home features custom finishes throughout, including reclaimed Java limestone, exquisite fixtures, handsome stone walls, rich wood and beam ceilings, stunning archways and gorgeous iron railings. With over 1,000 square feet of picturesque stone terraces, the outdoor living areas are unrivaled - ideal for intimate and large gatherings alike.

Vail offers mountain resort living at its finest, combining the grandeur of the most refined and renowned Alpine ski villages in the nation with the quaint charm of the American West, attracting daredevils, idealists and adventure seekers alike. From world-class skiing and golfing to internationally-acclaimed arts and cultural entertainment, to some of the most renowned shopping and dining in the nation, if not the world, Vail is a dynamic, vibrant, year-round community that inspires the mind, relaxes the body and entices the senses.

The Club at Cordillera is the recreational and social centerpiece of the most extraordinary private mountain community in North America and truly is life at its best. From the Vail Valley floor to Cordillera's Summit, Tom Fazio, Jack Nicklaus, Dave Pelz and Hale Irwin have crafted four extraordinary golf courses, each with an award-winning clubhouse and its own special ambience and culinary experience. Within its thousands of acres, Cordillera has private Eagle River fishing; an acclaimed spa; an indoor equestrian arena; miles of riding, hiking and Nordic ski trails; three tennis courts; five indoor and outdoor pools; four fitness facilities; a summer camp; and a clubhouse for children.

"We are pleased to be working in Vail, Colorado, one of the most beautiful and sought-after mountain destinations in the world, and particularly in renown Cordillera," stated George Graham, CEO of Concierge Auctions. "Concierge Auctions only represents the most motivated sellers with the most premier properties in the most exclusive locations, and both this seller and property are ideal candidates. The Whites have chosen the truest form of auction - Absolute. On September 30th buyers will be able to bid with confidence, knowing that these are the most motivated sellers in the region, and will identify the property's true value through live competition."

The 50 Spring Creek Place auction will be held live, on-site at 11 a.m. MDT on Thursday, September 30. Attendance will be limited to registered bidders and their representatives. The property is available for preview daily from 1 to 4 p.m. and by appointment. A 3% commission is offered to the buyer's broker. See Auction Terms and Conditions for full details. For more information, visit www.VailLuxuryAuction.com or call 866-818-6986.

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.

About Gateway Land & Development - Gateway Land & Development was established in 1993 by Suzi Apple, a Vail Valley local since 1973. Determined to share her passion for and awe of Colorado's beauty, Suzi was inspired to establish a thriving real estate company based upon honesty, integrity and strong customer service. Gateway incorporates a wide range of expertise and beliefs from high-end resale homes to commercial properties to new developments. As demand continues to grow, so does Gateway. Located in Edwards, the center of the Vail Valley, since its inception, Gateway recently opened a new office in the Vail Village offering the same level of values and expertise they are known for. For more information, call 970-926-6777 or visit www.gatewayland.com.

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SOURCE: Concierge Auctions

CONTACT: Kari Neering, Rubenstein Public Relations, +1-212-843-8392,
kneering@rubensteinpr.com; Concierge Auctions, 126 E. 56th Street, 25th Floor,
New York, NY 10022

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


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