Concierge Auctions and Select Sotheby's International Realty Announce the Sale of a Country Manor Estate in Loudonville, New York

Extensive auction outreach efforts result in 132 interested buyer prospects and a successful sale

PR Newswire
ALBANY, N.Y.
May 21, 2011

ALBANY, N.Y., May 21, 2011 /PRNewswire/ -- A recently renovated, country manor estate boasting more than 10,000 square feet located just outside Albany in the hamlet of Loudonville has been sold by Concierge Auctions in cooperation with listing agents Harold Reiser and Fred Waring of Select Sotheby's International Realty.

"After trying to sell this property for nearly two years, I am excited to now be moving towards the closing table," stated Angela Schmied, seller. "It is a beautiful estate, but the prior, traditional sales efforts simply didn't entice buyers to step forward. The Concierge Auctions process instilled a sense of urgency otherwise lacking in the market, as buyers and agents understood that I was committed to selling. Concierge's partnership with Select Sotheby's International Realty was seamless, and I appreciate the expert work and dedication of both teams."

"This is another great success story for our ongoing partnership with Concierge Auctions," stated John Burke, President and CEO of Select Sotheby's International Realty. "There is no doubt the auction process spurs the market to act. We had over 20 showings on 12 Cherry Tree in less than 60 days - 10 times the amount in the entire year prior. We are excited to continue offering the Concierge platform to sellers who seek the certainty of a market-driven contract within a predetermined timeframe."

12 Cherry Tree Road is a stately country manor set amidst 3.1 acres of exquisitely landscaped grounds and gardens boasting more than 10,000 square feet of living space with eight bedrooms, seven full bathrooms, three half-bathrooms and extraordinary amenities including three fireplaces, a spacious gourmet chef 's kitchen, an indoor pool, tennis court, a private sauna and spa, a spacious barn and lush gardens.

Concierge Auctions' extensive marketing, public relations and sales outreach efforts generated 132 interested buyer prospects and over 4,000 visits to the auction website from 46 US states and 30 countries.

"The auction platform is a transparent way to unite buyers and sellers on an even playing field and produce guaranteed results in as little as 60 days," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "This transaction is a win-win for all parties. Both the buyer and seller are pleased, and our firm is thrilled to continue growing our relationship with Select Sotheby's International Realty."

Upcoming New York auctions in cooperation with Select Sotheby's International Realty include a secluded luxury estate in the Catskill Mountains located at 1 Copper Ridge in Windham, overlooking the Windham Country Club and next to Windham Mountain Ski Resort, less than three hours north of New York City, selling on June 25 with no minimum bid required, and Great Camp Kwenogamac, a sprawling retreat in the heart of the Adirondack Mountains with 42 acres of forest and more than 1,200 feet of lake frontage, selling at auction without reserve on August 5.

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. For more information about Concierge Auctions and its services call 888-966-4759 or visit ConciergeAuctions.com. For more information about Select Sotheby's International Realty call 518-580-8500 or visit SelectSothebysRealty.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 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 ConciergeAuctions.com

About Select Sotheby's International Realty: Select Sotheby's International Realty has offices in Saratoga Springs, Lake George and Lake Placid, NY, representing extraordinary properties from the Catskills to the Canadian Border and the Vermont Border to the Finger Lakes Region. For more information, call 518-580-8500 or visit SelectSothebysRealty.com.

About Sotheby's International Realty Affiliates LLC: Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system by Realogy's subsidiary, Sotheby's International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit SelectSothebysRealty.com.

SOURCE Concierge Auctions