Luxury auction firm hits local high of $5M with Ligonier Township home sale

An owner looking to unload a multimillion-dollar home, in an area where such properties are the exception, might consider holding an auction…

Several such palatial estates in the Ligonier Valley recently changed hands through the services of Platinum Luxury Auctions, a Florida-based firm headed by a Western Pennsylvania native.

“We only take on about 25 to 28 transactions a year,” said Trayor Lesnock, a 2000 graduate of Washington High School who is the founder and president of Platinum. “We’re spending a significant amount of money to market those properties. We’re using a gigantic spotlight to shine on a few properties.”

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Top-Floor Penthouse at Miami’s Four Seasons Notches Top-Tier Pricing at Luxury Auction®

Platinum Luxury Auctions has added another noteworthy sale to its portfolio.

On January 29, the Miami-based, luxury real estate auction house held a live auction for a penthouse condominium at the Four Seasons Private Residences in downtown Miami. An audience of seven bidders vied for the property as part of a real-time bidding process held on-site, which culminated in a non-contingent sale and a closing scheduled for mid-March. Prior to being offered for luxury auction, the 70th-floor residence had been listed for sale for nearly nine consecutive years with a collection of Miami’s top brokers, yet found no successful suitors.

While the price of the pending sale won’t be known until closing, Platinum quantified the figure as being the 5th-highest resale in the building’s history and the 3rd-highest resale within the past 5 years. “We just missed the 3rd and 4th all-time price marks by 2% and 1%, respectively,” according to David Ashcroft, Platinum’s managing director. “And after paying that price, the buyer still intends to extensively renovate the unit.”

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Platinum Luxury Auctions Sells Posh Apt on NYC’s 5th Avenue at 14-Bidder Luxury Auction®

Platinum Luxury Auctions, a Miami-based auction firm and New York real estate broker, has reported the pending sale of a full-floor condominium in New York City’s Upper East Side, following its auction of the property on Friday, February 19th. A total of 14 bidders registered for the no-reserve auction, which was conducted via a live, real-time bidding event held in the residence. The non-contingent sale is scheduled for a rapid closing in approximately 30 days.

The property is located at the 838 5th Avenue building in the Lenox Hill neighborhood, and was first brought to market at $27.5 million before the seller elected to expedite the sale via Platinum’s non-distressed auction process. It’s one of only ten condominium units in the ultra-exclusive building. Occupying the entire 10th floor, it offers a 4,500-sf interior with 3 bedrooms, 3 full and one-half baths. Its standout feature is perhaps its 46-ft wide great room with direct views of Central Park. The boutique building was converted to condominiums from a commercial space in 1999.

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838 5th Avenue Floor 10 New York NY 10065

Full-Floor NYC Condominium Overlooking Central Park Readies for Feb 19th Luxury Auction®

After initially testing the market with a price tag of $27.5 million, an Upper East Side condominium with direct views of Central Park will be sold tomorrow without a price tag. At 7pm ET Friday evening, the property will be sold via a live auction without reserve, meaning the highest bidder will become the new owner – regardless of the high bid amount.

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Once Asking $15 Million, Bespoke Penthouse at Miami’s Four Seasons Heads to Luxury Auction®

penthouse condominium at Miami’s Four Seasons Private Residences has been scheduled for sale via luxury auction® on January 29, 2021. The residence was previously asking as much as $15 million, but will now sell to the auction’s highest bidder without reserve, meaning the highest bid will prevail regardless of the price. Miami-based Platinum Luxury Auctions, a real estate auction house specializing in the non-distressed sale of multimillion-dollar properties, was hired by the property owner to manage the transaction. Platinum is also working in tandem with listing agent Techrin Hijazi of the Brown Harris Stevens Miami brokerage. Continue Reading…