Luxury Real Estate Auctions – Cayman Islands Estate

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Casa Coyaba, “House of Paradise,” a tranquil Caribbean island estate with more than 19,000 square feet of indoor and outdoor living space on 210 feet of beachfront, will be sold at auction on November 3 without reserve, NYC-based luxury real estate auction firm Concierge Auctions has announced. Previously listed for $19.8 million, this impressive property […]

Luxury real estate – Auctions on the rise

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Exclusively Auctions, a leading absolute auction company with both bargain and luxury real estate home auctions, is not surprised by the recent reports of no-minimum auctions hitting $268B and MLS sales on a sharp decline.In Vail, Colorado, this year’s June MLS sales are down to about 27% compared to the total number of transactions completed […]

Are online auctions the way to sell Luxury Real Estate?

Online Luxury Real Estate Auction

A recent trend in the luxury real estate market is online auctions, although, much like the bricks-and-mortar auctions recently, the goal seems to be generating interest rather than actually holding an auction. One recent example is Wrentham House, an 1891 stone and shingle mansion on Ocean Avenue in Newport, Rhode Island, which hit the online […]

Luxury real estate auction draws weak bids

Lusxury real estate auction

New York attorney, Mark S. Dreier’s  two Hamptons luxury properties went on the auction block recently and missed the expected sale prices by about $2 million.The Dune Road homes were sold for $10.4 million,  coming in around $2 millon short. Dreier, pled guilty ‘to selling fictitious promissory notes and bilking investors out of hundreds of […]

Massive Fijian resort development site goes up for sale

Momi resort Fiji goes to auction

The partially completed Momi Resort development in Fiji will go up for mortgagee auction on July 22nd The Fiji National Provident Fund (FNPF) has appointed Bayleys Real Estate to handle the sale of the first stage of the development which encompasses more than 350 residential luxury homes sites, a partially completed nine-hole golf course, golf […]