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Press Release - August 28, 2018

Magnificent Oregon Estate Clears $2.5 Million at Heritage Auctions

Pacific Northwest getaway pursued by bidders from around the globe

Vineyard Estate, Applegate Valley, OR
DALLAS, Texas (August 28, 2018) — Numerous bidders aggressively pursued a spectacular Pacific Northwest estate until it brought $2,530,000 in Heritage Auctions' no-reserve auction Aug. 21.

"The auction process was able to generate more interest in the home than ever before," Heritage Auctions Luxury Real Estate Director Nate Schar said. "While the estate is spectacular, it had been languishing on the market for more than a year. We were able to create a market and sell the property for maximum value with just over a month of highly-targeted marketing."

The 6,359-square foot Applegate Valley, Oregon, home features a vineyard, orchard and more than a quarter of a mile of frontage on the Applegate River. A separate guest house, with more than 2,500 square feet of living space, offers four bedrooms and three baths. The new owner also will enjoy a two-story, 10,000-square foot shop with fully appointed living quarters of its own and a separate multipurpose building previously used as a tasting room.

Heritage gathered nine registered bidders from the area and places as far away as the United Arab Emirates. The winning bidder placed his bids by phone from Beverly Hills. Bidding was active and ultimately realized a price the seller was very happy to achieve.

"Highly customized homes such as this need an experienced team with the global reach that Heritage offers," Schar said. "No one can beat our sell-through rate."

Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world's largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.

The Internet's most popular auction-house website, HA.com, has over one million registered bidder-members and searchable free archives of four million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.


Steve Lansdale, Public Relations Specialist
214-409-1699; SteveL@HA.com

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It is amazing how in such a short time your team was able to promote the property on a worldwide scale and generate so much interest resulting in numerous viewings and a market value sale at the auction. From the very beginning we were extremely impressed with the strategic planning, marketing and promotional capabilities of Heritage Auctions.
Tom and Gail Balousek,
Houston, TX
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