Platinum Luxury Auctions, a vaunted auction firm headquartered in Miami and specializing only in the sale of unique and distinguished properties, will conduct a luxury real estate auction for a sprawling mansion within Meadowbrook Estates, an exclusive residential community in the historic and cultural city of Saratoga Springs, New York. Set for auction on December 19, 2015, the property will be sold at or above the auction’s reserve price of $4.9 million, a considerable reduction to its recent asking price of $8.6 million. The sale will be conducted in cooperation with listing agent Gerry Magoolaghan of Select Sotheby’s International Realty in Saratoga Springs.
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.