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platinum luxury auctions lawsuit win

Platinum Luxury Auctions Lawsuit Win

Florida’s Third District Court of Appeal ruled on August 16, 2017 that Platinum Luxury Auctions was innocent of the meritless accusations and the legal complaints made against it by Concierge Auctions. As a result of the ruling, Concierge was also ordered to pay Platinum’s legal fees related to the complaint, which amounted to more than $23,000.

In April 2016, Concierge filed a lawsuit for a Motion to Enforce Settlement Agreement against Platinum Luxury Auctions and its president and founder, Trayor Lesnock. In the motion, Concierge claimed that Lesnock and Platinum were in violation of a non-disparagement provision contained in a confidential settlement agreement between the two companies that was executed in September 2014, relating to a previous legal dispute.

In response to the motion, Miami-Dade circuit judge William Thomas ruled in Concierge’s favor. Platinum then appealed the decision in the higher courts based on its confidence in the facts surrounding the complaint, resulting in Platinum’s August 2017 victory.

Concierge argued that a blog post written by Lesnock entitled “Clank! The Curious Case of the Failed Michael Jordan Auction(s),” was in violation of the settlement agreement in the original Platinum Luxury Auctions lawsuit. Lesnock’s post does not mention Concierge Auctions by name, and presents an arguably neutral discussion of its failed attempt to sell the famous basketball player’s Chicago home in a November 2013 auction.

In the appeal, Platinum’s attorneys at the Tripp Scott Law Firm in Fort Lauderdale, FL successfully argued that not only did Lesnock create the Michael Jordan blog post in January 2014, a full nine months before the settlement agreement, but he was also able to prove that the article was never edited, revised, or otherwise modified since the posting date.

More importantly, despite the fact that Concierge Auctions’ counsel carefully reviewed the blog post in depositions with Lesnock related to the September 2014 settlement, Concierge did not request that Lesnock censor, remove, or modify the blog in any way whatsoever as part of that lawsuit settlement.

Ryan H. Lehrer of Tripp Scott, the lead attorney for Platinum Luxury Auctions in the appeal, stated that Concierge’s motion was “just the latest attempt by that entity to harass Platinum Luxury Auctions with meritless accusations and legal filings.”

Lehrer added that the opinion of the higher courts, “…solely concentrated on the fact that Platinum Luxury Auctions had not breached the parties’ settlement agreement and the fact that Concierge Auctions LLC had wrongfully attempted to insert additional terms into that agreement that did not exist.”

Platinum Luxury Auctions is responsible for developing the luxury auction® model for high-priced real estate auctions and owns the trademark rights to the term “luxury auction.” The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum’s team has closed more than $768 million in luxury real estate auction sales to date, while consulting on more than $2.25 billion in additional luxury properties worldwide.

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.

 

Smart Ridgefield Home Goes To Auction on July 28

A Home with Attitude: 117 Whipstick Road Goes to Auction on Saturday, July 28 at 4:00 pm.

Automation behind the scenes makes this stunning shingle style residence technology savvy (yes, it’s really [very] smart). Owned by Internet Pioneer and author, John Patrick, 117 Whipstick Road is his brainchild and brings “Home Attitude”, Patrick’s newly released book, to life.

Featured in Business Week and most recently in Mansion Global, the five-bedroom home boasts distinguished architectural features, custom millwork, arched panel doors, hardwood floors, radiant heat, high-quality cabinetry, many built-in special features. An acclaimed office and custom five-car garage, complete the perfectly efficient package.

Now, the absolutely stunning home is in the hands of Platinum Luxury Auctions. Property Previews are currently taking place daily from noon to 5:00 pm until July 28. Registered bidders only. Contact Platinum to obtain registration information.

The former IBM VP shared thoughts on the upcoming home auction on his Blog saying, “After being married 50 years, we are happy to live anywhere, but the big house became more than we needed. We decided to downsize to a Toll Brothers carriage house about 12 miles away.” Patrick adds, “Now the question is how to sell such a special home. As I told the Wall Street Journal, I like the auction model because it is action-oriented.”

“Some say an auction is a risky approach to selling a home. I say relying completely on the traditional home selling method is also risky as the carrying costs mount. One is wait and see, the other is make something happen through an aggressive marketing program and professional handling of bidder interest. I will know if it was a good decision on July 28. I am optimistic. If you have a friend who is looking for a Ridgefield, Connecticut outpost, please share this with them,” says Patrick.

See the full article, written by Kerry Ann Ducey, here.

112-Acre “Emerald Hills” Estate in Charlottesville, VA Set for Luxury Auction® June 23rd

Platinum Luxury Auctions Presents Rare Estate, Influenced by Monticello & Mount Vernon

On June 23rd, a 112-acre Charlottesville estate that was influenced by Thomas Jefferson’s Monticello and George Washington’s Mount Vernon will be offered for sale at a live auction. The stately property and its collection of outbuildings were custom built by the current owners at a cost of approximately $20 million. At auction, the property will be sold to the highest bidder above a reserve price of $5 millionMiami-based real estate auction firm Platinum Luxury Auctions is handling the sale in cooperation with Virginialisting brokerage McLean Faulconer.

Emerald Hills is a beautiful and private retreat that is the perfect getaway for the high-powered executive or financial professional, and is especially well-suited for those with large families,” stated David Ashcroft, Platinum’s director of business development. “Considering you cannot reproduce this property today for anything shy of $20 million, the value opportunity presented by the auction is quite impressive.”

Built over the course of four years – and with an emphasis on quality craftsmanship and exacting detail – Emerald Hills is situated on 112 gently rolling acres in Charlottesville, Virginia. Overlooking hardwood forests, a private lake, and the Blue Ridge Mountains, the estate is a stunning example of Neoclassical architecture, with design influences from iconic American structures such as Thomas Jefferson’sMonticello (which is located just 15 minutes south of the Property), George Washington’s Mount Vernon, Carter’s Grove and even the White House.

The layout of the primary residence, with its main structure connected to northern and southern dependencies by a series of curved hyphens, is closely modeled on Mount Vernon. Interior details from the current White House have been reproduced throughout the home, including aspects of the dining room and the western colonnade, the latter of which mimics the south facade of the White House, overlooking the Rose Garden.

Lush, manicured grounds surround the estate, and include 1,000 dogwoods, redbuds and crape myrtle trees in addition to formal gardens, fountains and a 100-ft soapstone reflecting pool. A private lake, two ponds, a stream, and several brooks with springs exist on the property grounds. There is also a vegetable garden modeled on that of Thomas Jefferson, with four, 100-ft x 8-ft raised beds, connected by Shenandoahbrownstone walkways. A home orchard of more than 100 trees (including peach, cherry, nectarine, plum and apple) complements the savory plantings.

Within the main estate, three living levels offer approx. 15,000 sf of interior space, with a total of 5 bedrooms, 6 full and 2 half baths. All bedrooms are ample in size, and feature en-suite baths. Prominent features include a magnificent foyer with dual staircases, stately salon with lofted ceilings, gourmet kitchen, his-and-her offices, a private study, and a lower-level entertainment lounge offering a pub, billiards area, wine cellar, theater and sauna. In the event of severe weather, the residence can be powered by a 125kW Caterpillar generator, which is housed in a “bunker” that is carved discretely into the grounds.

In addition to the main residence, the property includes several outbuildings: a carriage house (with 2,000 sf of living space and 2,700 sf devoted to housing up to 10 trophy vehicles), flower house, log cabin and a large-equipment barn with a staff apartment.

Emerald Hills is sub-dividable, should the new owner elect to do so, and the property also offers the opportunity for a substantial agricultural tax abatement if the grounds are placed into a farm/conservancy program.

For those buyers looking to augment the property beyond 112 acres, an additional five parcels – which offer a total of 36 additional acres and include two guesthouses – can be purchased separately and outside of the auction. While no firm price has been set for the additional properties, Platinum stated that they are available “via private treaty negotiations with the seller.”

Previews of the property are being held by private appointment between the hours of 12 and 5pm ET daily, until auction day. To schedule an appointment, interested parties may contact Platinum’s project manager, Brian Raymond, at 800.767.4857. Extensive photos, video and auction/property documents are also located at VirginiaLuxuryAuction.com.

Southern Utah’s 570-Acre Wine Bar Ranch Set for Luxury Auction® May 26th

Auction Offers Opportunity for Private Land Holding Amidst National Monument Lands

570-acre ranch in southern Utah that shares its borders with National Monument lands has been scheduled for sale via luxury auction® with Platinum Luxury Auctions. Although once asking nearly $14 million, the property will now be sold subject to a reserve price of only $4 million. The ranch owner retained the Miami-based auction house to conduct the non-distressed auction sale, which is scheduled for May 26th, 2018. Platinum is managing the auction process in cooperation with listing brokerage Summit Sotheby’s International Realty, represented by listing agent Kathy Mears.

The property, known as the Wine Bar Ranch, is owned by Shane Robison and his family. Robison is a venture capitalist and retired tech executive who has held various posts at some of the world’s most prominent technology companies, such as Apple, AT&T Labs and Hewlett Packard. He and his family developed the ranch over time by acquiring and improving a collection of farmland parcels in Boulder, Utah. The small and charming town is located about 250 miles south of the center of Salt Lake City.

While the ranch is currently home to a modest quarter horse and grass-fed Angus cattle operation, its truly distinguishing feature is the location, according to Trayor Lesnock, Platinum’s president and founder. “At the scenic lookout points along State Route 12, you can actually view the Wine Bar Ranch sitting amidst the protected National Monument lands, which contain 250 million years of geological history,” Lesnock stated. “While many sellers wish to think of their property as ‘truly unique,’ the ranch quite literally fits that description. It’s impossible to reproduce this asset.”

To be sure, the ranch abuts the Escalante Canyons (formerly part of the Grand Staircase-Escalante National Monument), which are part of more than 1 million acres of awe-inspiring, natural lands. The beauty of the area is famous, and when traveling through the Monument it’s not uncommon to see professional photographers capturing the multicolored landscapes. Even painters will set up their easels amongst the rocks, and spend the day quietly transplanting the surrounding scenery onto their canvas.

Amenities of the ranch are extensive, and include a spectacular, 70,000-sf indoor arena. “It’s likely one of the largest such facilities in the entire state,” noted Lesnock. The arena is complete with heating and lighting systems, allowing for year-round use. It also houses stalls for horses and cattle, a tack room, entertainment lounge, guest apartment, fitness center and bathrooms.

There is also an outdoor arena with stadium lighting, horse and cattle barns, multiple paddocks, three large hangars for hay storage, and various storage facilities for equipment of all sizes. Much of the work performed on the ranch can be accomplished without leaving the property, thanks to a sprawling workshop with office and bathroom, commercial-grade woodworking center, fuel storage facility, pump house and even a cement production plant.

Perhaps most importantly, the ranch enjoys an ample water supply. Water shares include five well permits from the state of Utah, four culinary water shares from Boulder Farmstead Water Company and irrigation shares from Boulder Irrigation and Water Development Company. These water shares ensure the smooth operation of the 260 acres of the ranch that are in production.

The ranch also enjoys grazing permits for its livestock, which include 180 Animal Unit Months (AUMs) in the Dixie National Forest and an additional permit from the Bureau of Land Management (BLM) for 20 cattle. These permits allow for the ranch’s cattle to graze off-site each year, conserving resources on the property.

Living accommodations at the Wine Bar Ranch are also ample, highlighted by the main residence of approx. 6,000 square feet. The tri-level ranch house includes 6 beds, 4 full and 2 half baths, in addition to a study, wine room and entertainment lounge. There are six additional living quarters located throughout the ranch for guests and staff, including a ranch manager’s home and a guesthouse that is adjacent to the main residence. Large concrete decks with power hookups can also accommodate several large recreational vehicles.

Previews of the ranch are being held daily and by appointment, until May 25th. The actual auction of the property will be held in Salt Lake City, for the convenience of the participating bidders. For information on property tours, bidder registration or other auction procedures, interested parties may visit UtahLuxuryAuction.com, or call Platinum’s project manager at 800.296.2605.

Colorado Dream Homes: Colorado Springs home with built-in indoor slide going up for auction

COLORADO SPRINGS, Colo. – If you can’t be bothered to walk down stairs, you’ll love this Colorado Springs home that’s going up for auction.

That’s because it has a built-in spiral slide leading to the lower level.

The 13,000-square-foot, six-bedroom home sits on 45 acres in the Cathedral Pines area of northeastern Colorado Springs. The property was previously listed for $4.25 million and is now going up for auction without reserve.

The house has all the high-end features you’d expect from a luxury home of its size, including a lower level that’s built for entertaining. It features a game room, indoor lap pool, hot tub with waterfall, steam shower, home theater, bar, fitness center and art gallery.

And, of course, that slide. But you can also take the stairs (or elevator) down if you’re not in the sliding mood.

The home goes up for auction on Saturday, March 3 at 11 a.m. MT. Only registered bidders will be allowed, so be sure to contact Platinum Luxury Auctions if you’re interested.

For more information on the auction, log on to platinumluxuryauctions.com.

View the original article by Kurt Sevits here.

South Carolina Estate Near Golf Courses Hitting the Auction Block

Previously listed for $5.9M, the Kiawah Island property has views of the Atlantic Ocean

A beachfront estate on Kiawah Island, South Carolina, a popular vacation spot that boasts large pristine beaches and world-class golf courses, is going to hit the auction block next month, Mansion Global has learned.

The estate on Flyway Drive in the double-gated enclave Vanderhorst Plantation, was first offered for $5.9 million in 2015 and was last on the market for $4.395 million last August, per listing records on Zillow.

It will sell to the highest bidder with a reserve price of $1.75 million during an auction at the property on Feb. 17 held by Platinum Luxury Auctions, a Miami-based real estate auction firm.

MORE: A Restored 1780s Pink Home in Charleston, South Carolina

“The property has Atlantic Ocean views from the eastern side and lagoon views from the west. There is a scenic wooden walkway from the home site directly to the oceanž,” said Trayor Lesnock, president of Platinum Luxury Auctions.

Built in 2000 and renovated in 2015, the three-level, 5,715-square-foot main residence has four bedrooms, five full bathrooms and one half- bathroom. The two-story living room features a gas fireplace, a wet bar and arching windows overlooking the pool and the Atlantic Ocean, while French doors lead to the veranda, according to the listing.

A detached 352-square-foot pool house doubles as a guest house, which comes with one bedroom, one bathroom, a full kitchen and laundry facilities.

The exterior of the main residence, designed by local architect Zach Carney, is traditional English manor style. The interior decorated by the seller, Irene X. Harwood of Harwood House Interiorsž, includes barrel vaulted ceilings, custom millwork, mantels and cherry cabinets.

Mrs. Harwood, who wasn’t available for comment, decided to sell the property after her husband, Michael Ray Harwood, a former chairman of the World Containerboard Organization, died in May 2015 at 71, she told The Wall Street Journal in an earlier interview.

Interested bidders, who can preview the property daily from now on, need to register and make a $100,000 refundable deposit prior to the auction date, Mr. Lesnock said.

Remote bidding is accepted on the condition that the buyer has a rep on the site.

The winner  can also purchase the current owner’s membership at Kiawah Island Club separately in order to circumvent the year-long waitlist for new homeowners. The membership guarantees access to two of the seven golf courses on the island.

The gated Kiawah Island is about a 45-minute drive from Charleston, the oldest and largest city in the state of South Carolina.

For the original article written by Fang Block, click here.

Luxurious Beachfront Estate on Kiawah Island Scheduled for Luxury Auction® Feb 17th

Owner of Luxurious South Carolina Home Retains Platinum Luxury Auctions for the Sale

 

CHARLESTON, S.C.Jan. 31, 2018 — On Saturday, February 17 th, a luxurious beach home located on Kiawah Island that was previously asking $6 million will be offered for sale at a live auction, wherein the highest bidder above a $1.75 million reserve price will prevail. The sale, which was commissioned by the home’s owner, is being managed by luxury real estate auction firm Platinum Luxury Auctions. Platinum is conducting the transaction in cooperation with listing agent Mary Lou Wertz of South Carolina-based brokerage Atlantic Properties of the Lowcountry.

“While we’ve had great success in other South Carolina markets, this is our first Kiawah Island offering, and we’re thrilled to assist yet another frustrated homeowner with the date-certain sale of her multimillion-dollar property,” stated Trayor Lesnock, Platinum’s founder and president. “Kiawah has long served as the perfect example of how to develop a luxurious coastal community, and families continue to seek out the area for its beauty, safety and ample amenities.”

The tri-level property is located within the island’s exclusive Vanderhorst Plantation subdivision, which offers its own security gate (meaning the home sits behind two gates), and is home to the island’s two most desirable golf courses, Osprey Point and the world-famous Ocean Course. The community is also close to the Kiawah Island Club’s Beach Club and Marsh House facilities, which collectively offer a host of amenities to the island’s residents.

Nestled amongst mature landscaping, the home sits on a 0.7-acre lot offering direct beach frontage. The parcel’s lengthy, rectangular shape includes a private, gently winding walkway leading to the sands of the beach, and also allows the home to enjoy a degree of protection, being setback from ocean winds and sea spray.

The main residence provides 4 bedrooms, 5 full and one-half baths, and more than 5,700 square feet of living space, while a separate guesthouse – which also serves as a cabana – adds another bed, full bath, and 350 square feet of interiors. Prominent features of the home include a large salon with oversized windows offering ocean views, an elevator, study, gourmet kitchen and a large master suite occupying the entire third level.

Outside, there is a large, covered terrace and sundeck that allows for ample entertainment around the private pool. The guesthouse/cabana, adjacent to the pool, also offers its own kitchenette and a laundry area, making it ideal for overnight guests or domestic staff.

In addition, the new owner of the property will have the option to purchase a Kiawah Island Club membership directly from the current homeowner. This is significant, as it allows the new owner to avoid the often-lengthy waitlist that exists for new club members.

Previews of the property will be held daily, between the hours of 12pm and 4pm (ET), until the auction date. To ensure smooth entry through the guard gates, interested parties are encouraged to contact Platinum in advance of their planned visit. Additional information is available at KiawahLuxuryAuction.com, or by contacting a member of the Platinum team at 800.559.0882.

About Platinum Luxury Auctions

Platinum Luxury Auctions is responsible for developing the luxury auction ® model for high-priced real estate auctions, and owns the rights to the term “luxury auction.” The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum’s team has closed more than $725 million in luxury real estate auction sales to date, while consulting on more than $2.25 billion in additional luxury properties worldwide.