100-Acre Estate in Newport, New Hampshire, Once Owned by Gun Baron Heads to Auction

A 100-acre estate in Newport, New Hampshire, once owned by the creator of the Long Island Rail Road and later by the inventor of the light machine gun, will be auctioned live on Sept. 7 with Platinum Luxury Auctions.

Andrew Peterson of The Petersons Inc. Country Real Estate is handling the late gun baron William Ruger’s property and has listed the estate at $2.5 million as a reference point.

“The family wants to sell it this year,” Mr. Peterson said. They have two big properties to sell, including the most expensive property on the market in Maine, according to listing records. Located in Bar Harbor, it’s listed for $12.5 million and is set to go to auction without reserve on the same day.

Listing records show that the estate listed in January for $3.75 million. Mr. Peterson said this price included the full 500-acre property and an extra three-bedroom, two-bathroom log cabin currently being rented out. This cabin can be purchased for an additional cost upon request.

The auction, which has no reserve, includes 100 acres, a 7,465-square-foot main house, a finished three-story barn, a separate gentleman’s library, a heated workshop and a four-bedroom guest house currently occupied by Ruger’s estate hands, a couple in their 80s, Mr. Peterson said.

The four-bedroom, six-bathroom house was built by 19th-century Long Island Railroad top executive Austin Corbin in the 1800s.

“He used to have a private railroad to bring his friends to the property,” Mr. Peterson said. Corbin also established Corbin Park, officially called the Blue Mountain Forest Association, an exclusive, roughly 25,000-acre, 30-member hunting club located adjacent to the property. Residents of the house will not have automatic membership to Corbin Park.

Read the original article by Miabelle Salzano at Mansion Global HERE.

East of Eden, listed for $12.5M, to go to auction

BAR HARBOR — The historic mansion East of Eden will go to auction on Sept. 7, unless sold beforehand. The mansion is currently listed for sale for $12.5 million with the Knowles Company.

Sitting on nine landscaped acres with its own pond and deepwater private dock, the 1910 Mediterranean-style villa is one of a handful of estates left from Bar Harbor’s Cottage Era, having survived the 1947 fire and generations of economic and cultural changes.

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Campari Sells ‘Most Expensive Home on Earth’ at 43% Discount

Davide Campari-Milano SpA reached a preliminary agreement to sell the historic Villa Les Cedres on the French Riviera for 200 million euros ($221 million) to an unspecified buyer for private use.

The villa was among the assets that the Italian distiller acquired with its 2016 purchase of Grand Marnier Group. The transaction is expected to close at the end of October, though there are conditions, including the departure from the house of one member of the family that controlled Grand Marnier, Campari said in a statement.

Read full article by Marthe Fourcade at Bloomberg here.

Platinum Luxury Auctions Posts Another Market-Leading Sale in Ligonier, PA

Platinum Luxury Auctions has announced another lofty sale in the rural community of Ligonier, PA that has long served as an under-the-radar retreat for the wealthy.

On May 11th, a live auction was held for the Hidden Meadow Farm estate, which resulted in a successful sale that closed last week, according to the auction house. This comes after the luxury real estate auction firm posted another record property sale in Ligonier, Pennsylvania at a January auction. Platinum conducted the luxury auction® sale in cooperation with listing agent Annette D. Ganassi of Ligonier’s Howard Hanna Real Estate Services.

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On June 1st, the Luxurious Ashokan House in Woodstock, NY Heads to Luxury Auction®

A handsome estate nestled on more than 12 private acres with inspiring views of New York’s Ashokan Reservoir and Catskill Mountains will soon find its new owner.

The luxury real estate property in New York, which was previously on the market for $4.5 million, is scheduled to be sold to the highest bidder at a live auction held on the property site on June 1, 2019.

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New Jersey Estate on 10 Private Acres Heads to Luxury Auction® May 18th

This Saturday, May 18tha luxury home on 10 acres in Far Hills, New Jersey will be offered for sale at a live auction.

Previously on the market for $4.75 million, the property will now be sold to the highest bidder who meets or exceeds the auction’s $2.075m reserve bid. Luxury real estate auction house Platinum Luxury Auctions is handling the sale in cooperation with New Jersey listing brokerage Kienlen Lattmann Sotheby’s International Realty.

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Once Asking $13 Million, Waterfront Condo in Midtown Manhattan Heads to Luxury Auction®

Platinum Luxury Auctions Will Offer Condo in Beekman Neighborhood at May 17th Sale

two-story condominium with 1,500 sf of outdoor living area and direct water views is headed for sale via luxury auction®. The property, located in Midtown Manhattan’s desirable Beekman neighborhood and fronting the East River, was initially asking $13 million. It will now be offered at a live auction held on the property site on May 17th, and will be sold to the highest bidder who meets or exceeds the auction’s $4 million reserve. Miami-based luxury real estate auction house Platinum Luxury Auctions – a firm that specializes in the non-distressed auction sale of multimillion-dollar properties – was retained by the property owner to manage the sale. Platinum is also a licensed New York real estate brokerage.

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Ligonier, PA’s Hidden Meadow Farm Set for May 11th Auction Sale with Platinum Luxury Auctions

Following its successful luxury auction® sale in January of the Woodmereestate in Ligonier, Pennsylvania, luxury real estate auction house Platinum Luxury Auctions will now offer another multimillion-dollar property in the exclusive Westmoreland County borough at auction. On May 11, 2019Hidden Meadow Farm, a 133-acre estate that was previously asking $6.5 million, will be sold at a live auction held on the property site. The property will be sold without reserve and regardless of the amount of the highest bid price. Platinum is managing the sale in cooperation with listing agent Annette D. Ganassi of Howard Hanna Real Estate Services in Ligonier.

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Platinum Luxury Auctions Posts Top-of-Market Prices

Platinum Luxury Auction Reaches Highest Prices with Recent Sales in Yelm, WA & Cabo, MEX

Miami-based auction house Platinum Luxury Auctions has posted top-of-market sales in its two most recent real estate auctions, according to the firm. On April 5th, Platinum sold a unique equestrian estate in Yelm, Washington for the highest price year-to-date in the city of Yelm. The following week, on April 13th, it sold an oceanside estate in Cabo San Lucas, Mexico, at a price that is the highest in the oceanfront community of Pedregal within at least the past 14 months. The price of each sale will not be reported until the transactions close. Both auction sales were held “live” and in real-time on the respective property sites.

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Oceanside Estate in Cabo San Lucas Scheduled for Sale at Luxury Auction® this Sat, April 13th

multimillion-dollar estate in Mexico’s California Baja Sur that was once asking $10 million will now be sold at a live auction without reserve on Saturday, April 13thMiami-based real estate auction house Platinum Luxury Auctions is managing the auction sale of the property in cooperation with Snell Real Estate, an Engel & Völkers affiliate serving as the listing brokerage of record. Sales associate Cindy Stanford is representing Snell in the transaction. Bidders who wish to participate in the sale must register with Platinum by a deadline of 5pm PT on Thursday, April 11th.

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