High-priced luxury properties that are usually offered on open-market listings are fast gaining attention and traction on the auction block.
According to Mansion Global, these crown jewels of the real estate are expanding their market of potential buyers way past the admittedly considerable network of their own affluent soon-to-be former owners. The “boom” is global, and prestigious auction houses are getting into the act.
The qualifications for these lucrative properties to land into their list are long. The standards are equally stringent. The first criterion has to be a premiere “A+” location: the region is naturally attractive to wealthy buyers and homeowners and has to have a scenic landscape or an equally compelling natural element. New York City, Hawaii, and Aspen certainly fit the bill.
The second criterion demands that the property must be within or nearby the neighborhoods of the rich and the powerful. It does make sense for the A-list buyer to feel at home with his peers. The third criterion requires a smart experienced property owner who is familiar with the auction process.
Fourth, the property itself must be a standout. Possible purchasers are millionaires themselves who already own a lot of attractive and high-priced homes and resorts. They must see something extraordinary in this particular property in order to participate in the auction.
Fifth, the property must be move-in ready. No further repair or maintenance jobs are needed to make it continue to look posh and of high-quality. The new owner must be able to avail of its comfort and amenities as quickly as he would if he were booking accommodations in a five-star hotel.
The sixth and final criterion that the auction company house heads look at is the sellers themselves. They must, by necessity, also be among the ruling elite of this planet. His name on the property, or at least supporting it, would guarantee quality, prestige, and taste of the highest kind.
Luxury properties auction
Take a look at some of the luxury properties that do fit the bill. Top international auction houses will soon list these in their offerings.
The White House on Virginia is a giveaway for the real thing in Washington, D.C. The marble interiors are complemented by high ceilings, formal dining rooms, and regal-looking fireplaces. Six bedrooms and seven baths make entertaining large company over the weekend easy and elegant. The auction will start at $2,000,000.
Classic and modern luxury combine in The Versailles Penthouse in Nevada. A rooftop view offers a stunning view of the Strip, while the opulent interiors echo French regalness. Some have described it as having your own palace in Las Vegas. Modern amenities include an ultra-lounge spa and your own concierge.
This, 7,200-square-foot mansion in California shows a waterfront view and access to a beach away from the madding crowds. Three storeys and a private balcony in the master’s bedroom will allow you a broader view of the Pacific Ocean. The five bedrooms and seven baths on the first floor are right beside the kitchen and the dining rooms. If you want to give swimming a break, catch the latest movies in the home theatre. Guests’ kids can movie-binge for a night while their fathers make deals while playing billiards.
Buffett Made This One Big Mistake. Don’t Let Yourself Do the Same
When an investment opportunity like AR and VR comes along, it can be hard knowing when to jump. Even if...
Bank of America Sees Bitcoin as an Opportunity for El Salvador
September 7th, 2021 is the date set for the introduction of Bitcoin as the official currency in El Salvador. BTC...
Spanish Biotech Companies’ Profits Fall 28% in the First Half of the Year
Grifols, which specializes in the production of plasma derivatives, achieved a profit of $317.2 million (€266.8 million) in the first...
The Economic Situation in Morocco: Domestic Demand Continues to Recover
Domestic demand in Morocco continued to recover in Q2-2021. According to the HCP, household consumption has, in fact, strengthened by...
Soybeans Market Closed Lower on Friday
Soybeans and the products were lower on Friday. Soybeans closed the week a little higher while the products were narrowly...
Business7 days ago
The Metaverse Is the Way of the Future, and Facebook Just Confirmed It
Cannabis6 days ago
Colombia Now a Major Player in Industrial Cannabis Production
Business5 days ago
Forget Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL): Virtual Reality (VR) and Augmented Reality (AR) Investors Should Snap Up XRApplied (CSE: XRA) Instead
Crowdfunding6 days ago
Eltif ALICrowd Invests €600,000 in the Equity Crowdfunding Campaign of Orapesce