Archive for “September, 2018”

Super-prime houses auctioned off with no reserve

Once associated with distressed sales, auctions are now popular among the impatient super-rich

The eight-bedroom château with a private harbour on Lake Geneva sat on the market, intermittently, for seven years without a buyer. So, in September 2017, its owners decided to auction it off — with no reserve…

For the full Financial Times article by Melissa Lawford, click here.