Luxury Real Estate Auctions
Heritage brings decades of experience and our vast bidder network to every transaction. The experts at Heritage Auctions actively develop our network of high net worth buyers so you gain the greatest liquidity possible. We bring our buyers the very best opportunities, and in turn, they are motivated when the right opportunity comes along. When you partner with Heritage, you partner with an unparalleled team of experts in luxury real estate, advertising, and marketing. Our process is effective, efficient and quick.
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Why consign with us?
- Maintains the highest sell-through rate in the industry
- Properties can sell in 60 - 90 days
- We regularly set local sales records
- Exclusive access to our global network of highly qualified bidders
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After an intense global marketing public relations campaign, Frank Lloyd Wright's final residential design, the Norman Lykes House in Phoenix, Arizona, sold without reserve for 70% over recent sales of comparable homes in the area.
Featured broadly in international media, the auction captured the attention of a worldwide audience, and in the end saw nearly 20 bidders compete to own the artfully designed home.
"Our unprecedented marketing campaign matched the perfect buyer with the perfect home," said Nate Schar, Director of Luxury Real Estate for Heritage Auctions. "The new owner of the last home designed by Frank Lloyd Wright now owns a masterpiece by America's most iconic architect."
Heritage worked closely with local REALTORS Jack Luciano and Roxanne Johnson of The Agency to conduct the sale.
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Sale of This Property Set a Four-year High for Cedar Hill
Demonstrating once again that luxury home auctions are an increasingly effective method of selling homes, this showcase home sold for nearly 11 percent higher than the most expensive comparable home has in the area in four years. The custom French Tudor-style estate was never before listed for sale and was offered without reserve.
"The traditional model of buying and selling real estate is being pressured on all fronts by innovation. Increasingly, sellers are looking for a faster, more streamlined and predictable approach," says Nate Schar, Director of Luxury Real Estate for Heritage Auctions. "An auction provides a predictable sale date and creates excitement in the market. The property in Cedar Hill is a great example of a custom home with broad appeal. It should do very well at auction."
Bidding for the home was brisk, with 10 registered bidders, with an ultimate sale price of $742,500 reached for the 5354 square foot home on 2.5 acres.Bidding for the house took place online via Heritage's Luxury Real Estate Auction platform. The property was sold without reserve.
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