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High-Design Los Angeles Property ‘The Channel House’ Lists for $28.95 Million

The new construction home is a collaboration between architect Eran Gispan and designer Jae Omar A new construction home in Beverly Hills came on the market Wednesday for $28.95 million. At just over 11,000 square feet, the palatial five-bedroom, nine-bathroom property features extensive outdoor space with views overlooking Los Angeles all the way to the Pacific Ocean, according to listing materials. Dubbed “The Channel House,” the project is a collaboration between architect Eran Gispan and designer Jae Omar, and features classic elements of modern Los Angeles design including floor-to-ceiling windows and indoor/outdoor living space throughout. (Mr. Gispan and Mr. Omar have also recently collaborated on ONIN, a Japanese inspired property in Encino that listed for $26 million in September.) More: $26 Million Japanese-Inspired New Build Lists in Los Angeles’s Trending Encino Neighborhood “[Eran] and I paid very close attention to how each area unfolds and transitions with each other and with the outdoor areas,” Mr. Omar said in an emailed statement. “My personal favorite part of the home is the floating courtyard entry,” Mr. Omar added. “Stepping through 16-foot louvered gates and over the waterway, which spills over and down to the driveway level, is just an experience not soon forgotten.” Construction on the property was completed last year, and The Channel House was previously listed by The Agency for $25.95 million in July 2021, according to public records. Aaron Kirman of Compass now has the listing, and was not immediately available for comment. The main entryway, which also features a water sculpture garden, opens into an expansive double-height living and entertaining area, which in turn flows out onto the backyard deck, which includes an infinity pool with sweeping views of Los Angeles.

Auctions Used to Sell RE Quickly

With a price of $141 including broker and other fees, Bel Air mega mansion The One has shattered records for the priciest home sold at auction. The sale, which recently received bankruptcy court approval, is leading some local real estate experts to believe that more extremely high-priced homes will be sold at auction. Agents agree that a lot of the reason we are seeing more mansions sell at auction is that properties are simply listed too high and in some cases, sellers want to offload the properties quickly. Another major reason for some of the high-priced auctions we’ve seen, such as The One, is that the developer or company that owns the property has filed for bankruptcy. “I suspect that these unique properties will use auctions as a clearing mechanism given the frothiness of this market. There are very few assets available for sale and there are more buyers in the market. Those high dollar assets, what the auction allows you to do is shorten that time frame on the market so you have an exit strategy or a time frame where you know you will sell the property,” said Hilton & Hyland’s Stuart Vetterick, one of the agents who represented the buyer of The One. Richard Saghian, owner and chief executive of Fashion Nova, purchased the property. Aaron Kirman, of Compass and one adding that auctions are used in situations where a buyer wants to sell in a certain time frame. “Luxury auctions can make sense when sellers are under a time constraint and need to get something sold in a very short period of time. Luxury auctions can be good if sellers are willing to release some control over the sale of their home,” he said. Some agents agree that another reason auctions occur is that people are simply pricing real estate too high. Mauricio Umansky, founder and chief executive of The Agency, said he was “definitely seeing more” auctions. “The majority of the properties I’m seeing auctioned, the feeling is that perhaps they were overpriced and when you have an overpriced home, the urgency level does not exist. To sell a house you need an urgency that someone is going to take it…an auction creates that urgency,” he said. Jade Mills, a top agent with Coldwell Banker, agreed. She has actually bid on a property with her husband as well as dealt with auctions as an agent. “Usually what happens with the properties that are auctioned, the price starts out too high and the auction brings them back to reality,” she said. But Branden Williams, who along with wife Rayni Williams and Kirman had the listing for The One, is not expecting the number of auctions to skyrocket. “Generally speaking, because of the affluence in the city, there are very few distressed properties and therefore I do not believe it will be very common to use auction houses in the high-end sector,” Branden Williams wrote in an email. The One The One has a long and storied history. Developer Nile Niami, whose limited liability company Crestlloyd owned The One, is known for developing high-end spec homes around the county. He first marketed the property for $500 million before it was even completed. The property is huge with a 4,000-square-foot guesthouse, private theater, spa, nightclub, moat, pools, 21 bedrooms and 42 full bathrooms. At the time of the auction, it was listed at $295 million. “Many people, including me, were upset with the end result of The One number,” Kirman said of the final sale price. The property, however, had a plethora of issues including a lack of an occupancy permit and allegations of defects and code violations. The One was bankrupt at the time of its sale, with roughly $191 million in total debt, with a large chunk of that money coming from billionaire Don Hankey, records show. The property was auctioned off on Concierge Auctions, an online auction site based out of New York. The site connects “sellers of one-of-a-kind homes with high-end property connoisseurs with our state-of-the-art digital marketing, property preview, and bidding platform. Our sellers gain unmatched reach, speed, and certainty; buyers receive curated opportunities; and agents earn their commission in 30 days,” Mario Vargas, the company’s senior vice president of corporate development, wrote in an email. The company was recently acquired by Sotheby’s and Realogy Holdings Corp. Vargas said that auctions are needed because “traditional real estate can sometimes have limitations, especially in the ultra luxury realm.” For The One, the buyer had to pay a 12% buyer’s premium or fee to Concierge Auctions and a 1% co-broke commission.

Asking $24.995 Million: A Bel-Air Spec House Built for Drinking Wine, Sipping Champagne and Shooting Tequila

The nine-bedroom, roughly 14,500-square-foot home has a wine cellar, as well as champagne and tequila bars It’s a house for all different tastes: A Bel-Air spec house asking $24.995 million has a wine room as well as Champagne and tequila bars. The nine-bedroom, roughly 14,500-square-foot home was developed by Jacques Wizman, a former fashion executive who transitioned to real-estate development. Mr. Wizman said he purchased the lot for $3.225 million in 2017 and spent an additional $20 million on the project, which was recently completed. “This one, I just wanted to outdo myself,” said Mr. Wizman, who said he has built and sold over a dozen houses. “I wanted to do something that no one can find any flaw with, no matter what.” In addition to the wine cellar and bars, the house has a spa, hair salon, gym and theater. The primary bedroom suite has a sitting room, fireplace, two terraces and a walk-in closet, said Mr. Wizman. Outside, the half-acre lot has a swimming pool, two pizza ovens and fire and water features, he said.

Inside the $87 million hilltop palace for sale in Beverly Hills

Perched approximately 200 meters (650 feet) above Beverly Hills, California, is a European-flavored residence that recently hit the market for $87 million. Past its gates, a 700-foot private drive hugs the mountainside as it leads up a steep incline to reveal a dramatic, 7.8-acre estate. “For a person who likes this style there’s nothing like it, that’s why we feel bullish on the price,” listing agent Aaron Kirman of the Aaron Kirman Group told CNBC. The palatial main residence reigns over 90210 from an impressive hilltop that delivers 360-degree views. According to the listing, the eight-bedroom, 14-bath residence unfolds over three floors and 21,800 square feet. The home’s hefty asking price comes to about $3,990 per square foot which is more than double the $1,801 average price per square foot achieved in the neighborhood in the fourth quarter of 2021, according to The Elliman Report. But it’s a relative bargain compared with a record-breaking sale from October, when venture capitalist Marc Andreessen reportedly paid $177 million for an 11,810-square-foot Malibu home, bringing the price per square foot to a staggering $14,987. Another one of those mega-deals was the distressed sale of 944 Airole Way, a 105,000-square-foot mega-mansion, which was offered at $295 million before selling at auction last month for $141 million. Kirman was a co-listing agent on the transaction that required bankruptcy court approval. Los Angeles has seen 10 single-family home deals close for more than $50 million in the last six months including three homes that sold for over $100 million, according to multiple listing service and deed transfer records. “There’s no other market that has those numbers,” Kirman said. “New York doesn’t, Miami doesn’t.” He said he hasn’t yet seen an impact from rising mortgage rates, inflation or the war in Ukraine: “Any one of these could have spooked buyers, but they haven’t.” He also pointed to low inventory to suggest right now it’s still a seller’s market on the ultra-high end. According to Kirman, the Los Angeles MLS currently shows 27 single-family homes priced over $50 million “That’s tight inventory,” he said. “We usually see 50 or more.” This is supported by analysis from Miller Samuel Real Estate Appraisers and Consultants in the fourth-quarter Elliman Report. “Listing inventory fell to the lowest level on record at the largest rate on record,” for all single-family homes and condos in Los Angeles, it said.

Concierge Auctions Announces Official Closing of World-Record Breaking $141M-Plus Sale of America’s Largest Residence

‘The One’ in Bel Air, California has sold in cooperation with Aaron Kirman of Compass and Branden and Rayni Williams of The Beverly Hills Estates We're routinely asked to do the remarkable, which is to sell one of a kind properties in the most time efficient manner possible. Our platform does that with precision.”— Chad Roffers, Concierge Auctions President NEW YORK, NEW YORK, UNITED STATES, April 7, 2022 /EINPresswire.com/ -- Concierge Auctions is pleased to announce the official U.S. Bankruptcy Court approval and closing of The One in Bel Air, California, America’s largest residence. After a competitive field of bidder activity, the auction closed on March 3rd for a final price over $141 million, more than double the highest U.S. sale at auction and nearly 50% higher than the world record. In cooperation with multibillion-dollar producing international real estate agents Aaron Kirman of Aaron Kirman Group at Compass and Branden and Rayni Williams of Williams & Williams at The Beverly Hills Estates, the sale marks Concierge Auctions’ fifth consecutive World Record for the highest price ever achieved for a residence at auction. “After years in the making, the sale of ‘The One’ ultimately concluded with six weeks of intense global marketing exposure leading to a qualified field of bidders to solidify the new owner of this once-in-a-lifetime property,” said Kirman. “We look forward to seeing what this property will become and working with Concierge Auctions on our next property together.” “With an exceedingly small group of potential buyers for a property of this caliber at the onslaught of the auction, the ultimate goal was to run a thoughtful sale process that would maximize value, reach, and speed,” said Lawrence Perkins or SierraConstellation, Crestlloyd’s Manager. “By hiring both expert international brokers and the leading luxury real estate auction marketplace in the world, the teams were able to collaborate, execute, and achieve an outcome that has previously taken years to accomplish—all in just six weeks.” An estate for the ages, The One is a work of art set on 3.8 acres with breathtaking, 360-degree panoramic views of the Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains. The property is spread over a jaw-dropping 105,000-square-feet with every imaginable mega-resort style amenity, including five vast pools, a private nightclub, full-service beauty salon, wellness spa, 10,000-square-foot sky deck, 400-foot private outdoor running track, private Dolby Digital theater, and much more. “We're routinely asked to do the remarkable, which is to sell one of a kind properties in the most time efficient manner possible. Our platform does that with precision," stated Concierge Auctions President, Chad Roffers. "We delivered what the seller and buyer wanted—a time-certain and efficient sale. In a world of limited inventory and multiple offers, our platform is the most efficient way to connect buyers and sellers.” "The sale of The One was witnessing history in the making. This has been a three-year labor of love, with ups and downs but that's why this sale means even more to us,” stated Rayni Williams. “The One redefined mansions in L.A. and became an icon through headlines around the globe. Representing both the buyer and seller on this sale was a career highlight we will never forget. With the dedication of my co-listers and team, we were able to find the perfect buyer for The One." "I'm very grateful to have been a part of this journey. The sale of The One is one of the highest sales so far in 2022, and we were honored to be involved on both sides,” added Branden Williams. As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing will result in a new home built for a family in need. Agents will be compensated according to the terms and conditions of the Listing Agreement. See Auction Terms and Conditions for full details. For more information, including property details, exclusive virtual tour, diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940. About Concierge Auctions About Concierge Auctions Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet. Sellers gain unmatched reach, speed, and certainty. Buyers receive curated opportunities. Agents earn their commission in 30 days. In November 2021, Concierge Auctions was acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Realogy Holdings Corp., the largest full-service residential real estate services company in the United States, holding a joint 80 percent ownership stake. Concierge Auctions continues to operate independently, partnering with real estate agents affiliated with many of the industry's leading brokerages to host luxury auctions for clients. Since Concierge Auctions’ inception in 2008, it has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and conducted auctions in 46 U.S. states and 32 countries. The firm owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build more than 300 homes through its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home is funded for a family in need. For more information, visit ConciergeAuctions.com. About Aaron Kirman Aaron Kirman is President of the International Estates Division at Compass and founder, CEO and techpreneur of the eponymously named Aaron Kirman Group, which includes a team of over 100. With $9.2 billion in lifetime sales, Kirman represents the finest estates across the globe and is sought after by the most discerning clients, including titans of industry, celebrities, royal families, major lending institutions and foreign investors. A prominent figure in the luxury real estate market for the past 20 years, Kirman is known for selling homes priced at the hundred million dollars range and has received international acclaim for record-setting sales across Southern California, including selling the Danny Thomas Estate and the Eddie Goetz Estate. Kirman was ranked among the top five luxury real estate agents in the U.S. by the Wall Street Journal. The star of TV's newest hit real estate show, Listing Impossible on CNBC, Kirman is regularly featured in publications like The New York Times, BBC, Forbes, CNN, The Los Angeles Times, Variety, the London Times, E! Entertainment and CBS. For more details, visit www.aaronkirman.com or on Instagram @aaronkirman and @akg.re.

A Former Watch Exec Built This $25 Million Bel-Air Home With the Exacting Precision of a Luxury Timepiece

The 14,500-square-foot estate's amenities include three bars, a hammam, DJ equipment, custom furnishings and two pizza ovens. Designing a watch and a luxury home have more in common than one might think. Just ask Jacques Wizman, a former executive at Corum watches and part of the family behind Gucci Timepieces’ success. “I love architecture, and I love design,” owner and seller Jacques Wizman tells Robb Report. “When I sold my company, I had to reinvent myself. I found that making gorgeous homes is for me. I do not build spec homes, I build custom-made homes.” Wizman began building this stunning home at 120 North Glenroy Avenue in 2017, and it might be one of his most magnificent to date. Located in the exclusive enclave of Bel-Air in Los Angeles, the nine-bedroom, 13-bathroom estate is listed for $25 million and spans nearly 15,000 square feet. The brand-new build is set behind double gates and surrounded by lush landscaping and towering mature trees for ultimate privacy. “The owner’s time in the luxury timepiece space was an unmatched experience in the finer details and craftsmanship of what high-net-worth individuals demand,” says listing agent Aaron Kirman of Compass. Upon entering, there is a dramatic open floor plan with high ceilings and floor-to-ceiling Fleetwood doors that open for seamless indoor-outdoor living. The entire house is also flooded with natural light, making it feel bright and airy. Even the bedrooms are works of art and welcome the outdoors in. The primary suite connects to a beautiful terrace, the perfect spot for a morning coffee. “The place is magical and very private. Every room comes to life,” Wizman says.”No two rooms are alike, no two walls are alike. The lighting is very specific. I’m very focused on creating the best lighting possible. It’s all been a labor of love.” From the oversized gourmet chef’s kitchen to the several living and lounge areas with fireplaces, the home is ripe for entertaining. It’s contemporary, spacious and has all the amenities one could want. For those who love to imbibe, there’s a sleek black-and-white wine cellar for storing your most cherished vintages, as well as a dedicated Champagne bar and tequila bar. Other amenities include state-of-the-art gym, hair salon, movie theater and a three-car garage. There is also a hammam within the home’s spa, outfitted in porcelain. “The house is perfect for a family, children or grandparents,” he says. “But it can also be a place for running a business. Everyone is working from home these days, so I installed two great libraries. You might not even have to leave the house, especially in pandemic times, with all of the amenities.”

Celebrity Real Estate Agents Covet Feature Stories in Top Agent Magazine

High volume luxury producers find immense value in being featured in Top Agent Magazine. Celebrity agents enjoy detailing their path to success. LOS ANGELES, CALIFORNIA, UNITED STATES, April 22, 2022 /EINPresswire.com/ -- High volume luxury producers find immense value in being featured in Top Agent Magazine. Celebrity agents like Jason Oppenheim (Selling Sunset), Josh Flagg (Million Dollar Listing), and Mauricio Umansky (Real Housewives of Beverly Hills) enjoy detailing their path to success through their stories. Top Agent Magazine recently featured Jason Oppenheim, whose story offered a rare inside look at his journey into becoming an agent, and his family’s multi-generational involvement in the Los Angeles real estate market. He shared his passion for what he does, saying, “I have the best job in the world. The people I get to work with and the people that I represent are what makes it all worthwhile.” Josh Flagg told readers that he knew he wanted to be a real estate agent from a young age, saying, “I started when I was 18. By the time I graduated I was already in the business and selling property.” With his family immersed in real estate, he grew up around the business and it came naturally to him. Mauricio Umansky shared how he and wife Kyle Richards earned their real estate licenses together. He later started his own brokerage, which grew from seven agents to several hundred. His cover story was even featured on an episode of Real Housewives of Beverly Hills, during an event commemorating his success with celebrity attendees like actress Lisa Rinna. Aaron Kirman of CNBC’s Secret Lives of the Super Rich and Listing Impossible explained that he always wanted to be an agent. “Once I turned 18, I began working in the industry and learned as much as I could,” he explained. Today, he’s a multi-million dollar producer and his career continues to reach new heights. Top Agent Magazine agents have been featured in some of the most popular television shows and networks, like Comedy Central’s Nora from Queens, Big Brother, Dr. Phil, The C.W., E!, Fox, Rich Kids of Beverly Hills, HGTV, Million Dollar Listing, The Real Housewives of Beverly Hills, Selling Sunset, Keeping up with the Kardashians, and more. As the premier real estate publication across the nation & internationally, Top Agent Magazine continues to showcase the top real estate agents and mortgage professionals across the globe. https://www.einpresswire.com/article/569624311/celebrity-real-estate-agents-covet-feature-stories-in-top-agent-magazine

DeAndre Jordan Picks Up New Build in Brentwood

Just because former L.A. Clipper DeAndre Jordan has bounced around to several teams over the last few years — he’s newly signed on with the Philadelphia 76ers following his release from the L.A. Lakers after a single season, does not mean the 6’11” NBA all-star doesn’t want to keep a multimillion-dollar toehold in Los Angeles. Indeed, the 2016 Olympic gold medal winner has just slam-dunked $8.6 million on a brand-new contemporary home on the affluent border between the Brentwood neighborhood and Santa Monica. Constructed with top quality materials and finishes, and completed last year, the clean-lined contemporary was “inspired by Mid-Century Modern architecture,” according to marketing materials, and measures in at about 7,500 square feet spread over three floors, with five bedrooms and seven bathrooms. The property was listed with Lucas Cintra and Aaron Kirman of the Aaron Kirman Group at Compass; Jordan was repped by Joe Tourtelot, also with Compass. The front door opens unceremoniously into an expansive open-plan living space with a wood-clad double-sided glass firebox between the living room and library/office. The high ceilings and pale wood floors continue into the kitchen and family room, where there’s a concealed prep kitchen and the family room spills out to the backyard though vast walls of glass. Each of the four guest rooms includes a private bath with unique tile treatment, while the primary suite offers a bespoke walk-in closet and a small balcony off the huge bathroom.

RH Chief Gary Friedman sells Beverly Hills estate

Estate gets $24M in off-market deal offered as opportunity to renovate house or tear it down That’s some restoration project. Gary Friedman, chairman and chief executive officer of RH, formerly Restoration Hardware, is taking his toolbox elsewhere after selling a Beverly Hills estate as a potential teardown. Friedman recently sold 1360 Summitridge Pl. for $24 million, or $2,087 per square foot, according to Zillow and Weston Littlefield, who represented the buyer and the seller. Friedman bought the 2.8 acre estate for $15 million in 2019. The real estate site classifies the property as vacant land. A description of the site said it offers an opportunity to renovate a structure currently on the property, or tear it down and build something new on the site with a promontory with commanding views of Los Angeles. An LLC called Summitridge Place was listed as the buyer. Littlefield and Alex Howe of Aaron Kirman Group at Compass represented the seller in what they described as an off-market deal. Littlefield and Howe declined to comment for this story. A structure on the site was designed in 2013 by prominent architecture firm Marmol Radziner, based in the Sawtelle district on L.A.’s Westside. The structure has four bedrooms, six bathrooms, a library, media room and guest quarters with a separate entrance, according to an undated description. The structure also offered a rooftop garden and saltwater infinity pool. Located at the end of a cul-de-sac on Summitridge Place, the property is a street away from a house formerly owned by movie star Lana Turner that is listed with a sale pending. The last asking price for this house was $46.5 million, according to Zillow. Friedman has made headlines for purchasing other multimillion dollar properties in Beverly Hills. In January 2020, he bought a $37 million estate in an area of the city known as Beverly Hills Post Office. The 11,000-square-foot estate includes 5 beds and 9 baths, according to media reports. Friedman bought the property from former Northrop Grumman CEO Kent Kresa. The aerospace chief built the house on spec. With its beginnings as a retailer of high-end hardware and fixtures, RH has been a purveyor of high-end and luxe furniture, lighting and textiles for more than a decade. https://therealdeal.com/la/2022/05/03/rh-chief-gary-friedman-sells-24m-beverly-hills-estate/

Concierge Auctions Reaches Record Sales Volume with over $200 Million in the First Quarter of 2022

Concierge Auctions closed out the first quarter of 2022, reaching over $200 million in total sales volume in the global luxury real estate auction sector. As of our first quarter in partnership with Sotheby's and Realogy, we have already hit over $200 million in total sales volume and are just getting started.”— Laura Brady, Concierge Auctions Co-Founder and CEO NEW YORK, NEW YORK, UNITED STATES, May 4, 2022 /EINPresswire.com/ -- Concierge Auctions closed out the first quarter of 2022, reaching over $200 million in total sales volume in the global luxury real estate auction sector, remaining the No. 1 choice to sell the world’s most distinguished properties, and achieving record prices. With the industry’s most comprehensive database of high-net-worth property connoisseurs, the firm matches sellers of one-of-a-kind properties with buyers via a state-of-the-art digital marketing, property preview, and bidding platform. Global Expansion Concierge Auctions kicked off 2022 by growing its global activity to 32 countries and 46 states, averaged over six bidders per auction, and continued to expand its database of high-net-worth real estate buyers, sellers, and agents, to 800,000 contacts, including 3,500 billionaires, 13,500 private clients, and more than 165,000 weekly email subscribers. Strategic Partnership and Acquisition: Sotheby’s And Realogy In November 2021, Concierge Auctions announced that it was acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States. “This joint partnership presents a unique opportunity to benefit from two of the most established and renowned companies in the industries that we serve—real estate and auction—and to be part of an even greater vision,” said Chad Roffers, Concierge Auctions Co-Founder and President. “We look forward to helping more clients than ever before sell their one-of-a-kind real estate assets to the world’s most capable buyers, with speed and certainty.” The firm continues to partner with all real estate companies, and through these additional resources and reach, service all brands and clientele better than ever before. Record-Breaking Sales Concierge Auctions continued to break records in Q1, including the firm’s fifth world record for the highest price ever achieved for a residence at auction with the sale of The One, America’s largest residence, for over $141 million in cooperation with multibillion-dollar producing international real estate agents Aaron Kirman of Aaron Kirman Group at Compass and Branden and Rayni Williams of Williams & Williams at The Beverly Hills Estates. The sale of The One reached nearly 50% higher than Concierge Auctions’ previous world record, Beverly Hills’ Villa Firenze in 2021. “We're routinely asked to do the remarkable, which is to sell one of a kind properties in the most time efficient manner possible. Our platform does that with precision," stated Roffers. "We delivered what the seller and buyer wanted—a time-certain and efficient sale. In a world of limited inventory and multiple offers, our platform is the most efficient way to connect buyers and sellers.” Additional Q1 marquee sales include 75-877 Keaolani Drive, in cooperation with Carrie Nicholson of Hawaii Life Real Estate Brokers, a private turnkey resort-style estate in the exclusive Keaolani community; 259 Worth Avenue, in cooperation with Saira Gonzalez Rosado of Izamal Real Estate, a 12,000± square foot penthouse atop Tiffany & Co in Palm Beach; and 56-1089 Kamehameha Highway #16-19, in cooperation with Matt Beall of Hawaii Life Real Estate Brokers and Anthony Provenzano and Matthew Davis of Chaney Brooks & Company LLC, one of the last available oceanfront lots on Oahu's famous North Shore. “Once again, in just six weeks, the combined efforts of our team and the Concierge Auctions team resulted in a successful sale,” said listing agent, Carrie Nicholson. “The services and global reach they provide are truly remarkable and offer an unmatched ability to bring a field of highly-qualified buyers to the auction. We cannot wait to be back in action once again in the near future.” An Agent-Friendly, Tech-Forward Tool Born out of the luxury real estate industry with an extensive network of independent luxury agents and high-net-worth clients, Concierge Auctions’ technology platform serves as an additional tool for agents to market and sell unique, one-of-a-kind luxury properties around the world. Offering a more efficient method for buying and selling the world’s finest homes, the Concierge Auctions platform allows buyers to digitally place bids from around the world. In just three months, the firm has attracted nearly one million website pageviews from 218 countries. The firm has maintained alliances with leading brokerages around the world, including Sotheby's International Realty, Engel & Völkers Americas and Canada, Coldwell Banker, Corcoran, Better Homes and Gardens, ERA Real Estate, Berkshire Hathaway HomeServices of America, Luxury Portfolio International, Who's Who in Luxury Real Estate, Leverage Global Partners, Naef Prestige Knight Frank, and more. Giving Back: Key For Key® In partnership with Giveback Homes, Concierge Auctions’ Key For Key® giving model has guaranteed that for every home the firm sells, a home is built for a family in need. Since 2017, the program’s origin year, Concierge Auctions has committed to build nearly 400 homes to date. Luxury Homes Index Also released in Q1, the sixth edition of the Concierge Auctions Luxury Homes Index analyzes the 10 highest sales in 56 top luxury markets across the United States to determine the impact that the number of days a high-end property is on the market has on its final sale price. In this new 2022 edition, Concierge Auctions’ research shows that even with the highest of luxury sales continuing to take longer to sell than the rest of the real estate market at large, either selling quickly and achieving a higher percentage of original list price or lingering on the market and ultimately selling at a significant discount, they are following similar trends, selling more quickly and achieving higher prices than in prior years. Of the 56 markets, the total Days On Market evaluated in 2021 was 349 days, a 29.4% decrease from the 491 days in 2020, and the average price of top sales evaluated in 2021 was $20,298,593. This is a 34% increase from $15,145,856 in 2020. Only 49% of these properties sold in under 180 days. Growth and Achievements Concierge Auctions continues to grow their dominant footprint in the luxury real estate market. The firm recently announced that Jeff Rhoades and Jana Willardsen have joined the company’s business development team. As industry veterans, Rhoades and Willardsen will primarily focus on bringing in new business and building and growing strategic relationships. Concierge Auctions also recently promoted Mario Vargas to Vice President of Corporate Development; Daniel Sparkman to Vice President of Auction Operations; Tracy Remlinger to Director of Sales Training; John Erlinger to Auction Director; and Phil Dobson, Carolyn McCarthy, Adam Moorhouse, and Jimmy Faulkner as Directors of Project Management. The firm is actively sourcing for a Chief Financial Officer and sales roles in business development, project management, as well as additional roles in marketing, sales, and technology. Lastly, Concierge Auctions accomplished their first property to be featured at the infamous Sotheby’s in New York. The firm also had their first inclusion with Sotheby’s in Hong Kong, as their properties were hand-picked to bring global exposure and to be positioned alongside the finest luxury items in the world. "As the largest auction marketplace for high-end homes, we have one of the most comprehensive databases in the industry, and are active in 32 countries and 46 U.S. states. As of our first quarter in partnership with Sotheby's and Realogy, we have already hit over $200 million in total sales volume and are just getting started," said Laura Brady, Concierge Auctions Co-Founder and CEO. About Concierge Auctions Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet. Sellers gain unmatched reach, speed, and certainty. Buyers receive curated opportunities. Agents earn their commission in 30 days. In November 2021, Concierge Auctions was acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Realogy Holdings Corp., the largest full-service residential real estate services company in the United States, holding a joint 80 percent ownership stake. Concierge Auctions continues to operate independently, partnering with real estate agents affiliated with many of the industry's leading brokerages to host luxury auctions for clients. Since Concierge Auctions’ inception in 2008, it has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and conducted auctions in 46 U.S. states and 32 countries. The firm owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build more than 300 homes through its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home is funded for a family in need. For more information, visit ConciergeAuctions.com. https://www.einnews.com/pr_news/571115246/concierge-auctions-reaches-record-sales-volume-with-over-200-million-in-the-first-quarter-of-2022

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