The article posted below was originally published on DailyProperties.com in January, 2014…
Auctions are traditionally considered an end-game strategy for the sale of residential real estate, especially for luxury properties. Typically, a seller first checks other strategies off the list – whether they are price reductions, a change in listing brokerage, or other methods – before deciding to offer the property for sale at auction.
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 $826 millionin luxury real estate auction sales to date, while consulting on more than $2.5 billion in additional luxury properties worldwide.
