LuxuryRealEstateAuction

Sotheby's First Home Auction in 20 Years

On May 31 antiques lovers and voyeurs can step inside Virginia billionaire-cum-winemaker Patricia Kluge's 45-room estate in Albermarle County, Va., for a peek at what could be theirs. Kluge's grand estate, Albermarle House, is on the market and she plans to sell off its contents during a two-day auction conducted by Sotheby's on June 8 and 9. Those who buy an auction catalog are welcome to the preview the auction items on-site in May.

"Albemarle House, [Kluge's] collaboration with designer David Easton, rejuvenated high-style country living in the United States in the English tradition, which had declined since the early 20th century," says Sotheby's Worldwide head of French, Continental and English furniture, Alistair Clarke.

Sotheby's will auction Kluge's entire collection within the house, much of which came from top dealers in the U.K. and private collections around the world, including Chinese paintings and works of art, books, sporting guns, jewels, lighting and decorative objects as well as designer gowns by Christian Lacroix and Givenchy. The Kluges' gilded life will be on the auction block.

The home itself is for sale, too. Kluge hasn't had any luck selling the 300-acre estate, which she originally listed for $100 million in October 2009. It's a wonder why she hasn't been more patient with the mansion and its 23,538-square-feet, eight-bedrooms and 13 baths. She recently reduced the price to $48 million after less than a year.

Gallery: Patricia Kluge's Albemarle House

Tags: albemarle house, albemarle virginia, AlbemarleHouse, AlbemarleVirginia, antiques, kluge estates, KlugeEstates, luxury real estate, luxury real estate auction, LuxuryRealEstate, LuxuryRealEstateAuction, patricia kluge, sothebys, Sothebys International Realty, SothebysInternationalRealty

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Paliku Place, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Following hot on the heels of the successful Hawaiian real estate auction last month, Concierge Auctions has announced another auction scheduled for March 8. This auction on the island of Kauai will include a 6,015-square-foot ocean bluff estate on 5.79 acres. The estate was previously offered for $9.995 million and is being auctioned with a reserve of $2 million and a pre-sale estimate of $3 to $7 million.

The home in Kealia Kai is perched atop Paliku Point and offers ocean views. The home has three bedrooms, study, exercise room, gourmet and a large great room as well as plenty of covered lanai space and a terrace. There is also a pool and spa and a detached guest house with full bathroom, kitchen and garage. The home is secure against the weather with doors and windows rated for 80-120mph winds and a whole-house generator. Other features include a digital security system, central air conditioning and central vacuum.

Also up for auction is an adjacent ocean bluff lot. The five acre lot is being sold absolute (no reserve) and has a pre-auction estimate of $500,000 to $1.5 million. The sale is being conducted in cooperation with Neal Norman, Founder and Principal Broker of Koa Properties. For more information on the auction, contact Concierge Auctions at 877-215-2370 or visit www.KauaiLuxuryAuction.com

Gallery: Paliku Place

Tags: concierge auctions, ConciergeAuctions, estate of the day, EstateOfTheDay, hawaii real estate auction, HawaiiRealEstateAuction, kauai, luxury real estate auction, LuxuryRealEstateAuction

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Lytle Mansion, Once $40 Million, Now Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Estates, Auctions

Once upon a time (otherwise known as 2005), the Lytle Mansion on Mercer Island in Washington state was listed at a whopping $40 million. Even then it was a groaner of a price tag and one that made sure the home stayed on the market a long time. But those days are over because the three-story mansion on two acres is being put up for auction.

This home has some incredible details. The indoor saltwater pool has a cloud mural and Egyptian-style columns that have been specially treated to look aged. A Dale Chihuly chandelier spiraling twelve feet of crystal hangs over a marble floor in the entry. The house is full of inlaid stones, marble fireplaces and everything is done on a grand and ornate scale. It has four bedrooms but with nearly 23,000 sq. feet of space much of the space is devoted to waking pursuits. There are two wine cellars, an exercise room, massage and tanning room, music room, steam room, sunroom and a dining room with a gleaming gold leaf ceiling. The master suite has a raised platform bed, a marble fireplace and a bathroom where the tub is set on a pedestal and has a chandelier over it. Outside there is a saltwater pool and 175 feet of waterfront including a boat dock that can accommodate a 140 foot yacht.

The home is being offered for sale in a sealed bid auction by Sheldon Good & Company and will be sold subject to a qualified minimum bid of $15 million with a deadline of April 14, 2010. A bidder's information packet priced at $75 is a requirement for bidding, as well as a certified or cashier's check totaling five percent of the total bid.

UPDATE: This auction has now been extended to June 30.

Gallery: The Lytle Mansion

Tags: luxury real estate auction, LuxuryRealEstateAuction, lytle mansion, LytleMansion, mercer island, MercerIsland, sheldon good, SheldonGood

Cher's Home And Others Sell Big In Hawaiian Auction

by Deidre Woollard (RSS feed) —

Filed under: Estates

It seems to be a good week for luxury real estate auctions. Concierge Auctions has announced the results of the January 18 auction of Cher's home in the exclusive Hualalai Resort in Hawaii along with a bunch of other home sales. Cher's home, which she did not live in, was sold to a buyer from Arizona for $8.72 million (it was expected to fetch between $8 and $12 million). The January 18 auction included the successful sale of five properties in Kona, Hawaii, for a total of more than $19.4 million.

In addition to Cher's home, a property at 72-3209 Ka Nehe Place in the Kuki'o Golf and Beach Club and Residences, shown above, which was selling absolute was purchased by a buyer from Beverly Hills for $4.95 million. We profiled this one as an estate of the day and it is a beauty. It was previously offered for $8.45 million so someone got a great deal. A second home selling absolute in Kuki'o, at 72-3205 Punaloa Place, was purchased for $3.85 million. Collectively, the prices achieved for the homes in Kuki'o were $10 per square foot higher than the average price per square foot for other homes sold in the Maniniowali section of Kuki'o over the past six months. Two other home sites in Kuk'io sold for $990,000 and $962,000.

Gallery: Ka Nehe Place

Tags: cher, concierge auctions, ConciergeAuctions, estate of the day, EstateOfTheDay, hawaii, Hualalai Resort, HualalaiResort, kukio golf and beach club, KukioGolfAndBeachClub, luxury real estate auction, LuxuryRealEstateAuction

Rockin' S Ranch, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's estate in Teton Valley, Idaho has a deadline, September 12. That is when Concierge Auctions will be holding a luxury real estate auction of the Rockin S Ranch, a 57-acre property. The sale is being conducted in cooperation with the Lewis, Lewis & Kleiman team at Sotheby's International Realty in Jackson Hole and there is no reserve or minimum bid but a $100,000 deposit is required.

The ranch is located along a scenic half-mile stretch of the Teton River and has a total of nine structures, including the main residence, guest house, horse barn, angler's house and caretaker's house. The 6,400-square-foot main house is constructed of hand-peeled natural logs, native river rock, and massive timbers reclaimed from trestles built by the Southern Pacific Railroad. The great room has a floor-to-ceiling rock fireplace, dining area and adjoining game room with beamed ceilings and a built-in stereo sound system, an open kitchen with high-end appliances and custom wood cabinets. A private master suite is connected to the main house by a covered walkway and has a kitchenette, sitting area, private deck and a bathroom that includes a rock-walled shower.

Outside a covered veranda offers a place to enjoy views of the Teton and Big Hole Mountain ranges. The log-constructed barn contains seven individual horse stalls, a veterinary and breeding area, office and large tack room. There is also a second-story, two-bedroom apartment with a kitchen, dining and living area and a balcony with a separate entrance. The angler's house offers fast access to the Teton River. There are several spring-fed stocked trout ponds on the ranch, including one with a gazebo and deck located just steps from the main house. A fully lit and fenced sports court is ideal for tennis, volleyball, basketball and shuffle board. The ranch was previously listed at $8.9 million.

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Gallery: Rockin S Ranch