Concierge Auctions' Sale of the Teton Valley Ranch Closes, Resulting in the Highest Sales Price in Jackson Hole, Wyoming in the Past Year
One of the most storied ranches in the Rocky Mountain West closes
JACKSON HOLE, Wyo.
Oct 21, 2010
JACKSON HOLE, Wyo., Oct. 21 /PRNewswire/ -- The sale of the 102-acre Teton Valley Ranch, one of the most premier and storied ranch estates in the Rocky Mountain West, has closed, Concierge Auctions announced. Conducted in cooperation with Jackson Hole Sotheby's International Realty, the auction process generated the highest property sale price in Jackson Hole in the past year.
"My client and I are thrilled with the outcome of the auction," stated listing broker Richard Lewis of the Lewis, Lewis and Kleiman Team at Jackson Hole Sotheby's International Realty. "The Concierge Auctions platform brought real buyers to the table, including CEOs, accomplished entrepreneurs, significant real estate developers and many other highly-qualified individuals."
The global marketing campaign for the auction resulted in over 100 showings, 108 buyer prospects and 10 bidders. The ranch was purchased in part by a nearby resident and in part by a global business executive who had never seen the property. The buyers were represented by Fay Ranches and Jackson Hole Sotheby's International Realty.
"The Sotheby's International Realty(®) brand is pleased to have Concierge Auctions serve as a preferred provider of luxury real estate auction services to our brokers nationwide," said Philip White, president and chief operating officer, Sotheby's International Realty Affiliates LLC. "The Concierge platform, when coupled with the global reach of our network, is a powerful resource to accelerate the sale of unique, one-of-a-kind properties, particularly when there is a small pool of potential buyers."
Originally founded in 1927, the Teton Valley Ranch served for decades as an opportunity for children to experience the Wild West at the Teton Valley Ranch Camp, following its ownership in the early 1900s by a son of David Abercrombie, co-founder of the Abercrombie & Fitch chain of outdoor and clothing stores. The property encompasses over 102 acres along the Gros Ventre River and is surrounded by the Grand Teton National Park and the National Elk Refuge.
"Our luxury real estate auctions maximize the value of premier assets through competition in an accelerated time frame," stated Concierge Auctions CEO George Graham. "The sale of Teton Valley Ranch is a tremendous accomplishment; however, it is not the first time we have set a record price in the Rocky Mountains. Last September our auction of the Rockin' S Ranch resulted in the highest sale price ever for a residence in the Teton Valley. Following these successes, among others, and armed with our knowledge of mountain clientele and our growing mountain buyer database, we look forward to additional assignments in the Rocky Mountain region."
Concierge Auctions is 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 50,000 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.
SOURCE Concierge Auctions