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Telluride Forbes Global

Auction Of Luxury Ski Properties In Telluride, Colorado A Success


TELLURIDE, Colo., Sept. 10, 2012 /PRNewswire via COMTEX/ — Saturday was an exciting one for NYC-based Concierge Auctions, as the firm announced the successful auction of two ski condominiums in the upscale community See Forever Village. 18 bidders participated as they vied for the best purchasing opportunities in Telluride’s Mountain Village. The properties raise Concierge’s tally of successful transactions in the Telluride, Colorado area to four properties in only three months. The auctions were conducted in cooperation with T.D. Smith of Telluride Real Estate Corp, an exclusive affiliate of Christie’s International Real Estate.

“We began interviewing auction companies over two years ago and at first were unsure about the absolute platform. Selling absolute is certainly a risk; however, if done in a calculated manner with the right company, it is much more powerful than selling with reserve. The process brought forth buyers from all over the world, including dozens of CEOs, entrepreneurs and investors, many of whom were not even familiar with Telluride,” stated the seller, John Abrams. “The Concierge team was professional and fulfilled its commitments. We were the first to test the auction platform for multiple condominium residences in this market, and Concierge’s sophistication was the right choice.”

The Concierge Auctions advertising and sales campaigns generated 1,354 inquiries and 3,401 website visitors from all US states and 34 international countries. 18 bidders participated in the sale. The winning buyers are from Connecticut and Maryland and are represented by Garrett Simon and Marty Stetina, both of Telluride Real Estate Corp.

“The response to the auction exposure was tremendous. We received 107 inquiries in the first day alone,” stated Smith. “My sales team worked in close concert with the Concierge Auctions project managers and directors to ensure every prospect received a prompt answer to their inquiry, was familiarized with the properties and understood the auction terms. We view the Concierge process as a stronghold tactic for our agents to offer their clients and look forward to working together again soon.”

Condo units 127 and 128 at 117 Sunny Ridge Place each include three bedrooms and four bathrooms. They were sold fully furnished and are ideal for either personal use or as vacation rentals. The condominium building is adjacent to the Peaks Resort & Spa and is a short, heated cobblestone walk from the ski slopes.