Concierge Auctions and Doug Milne of Kelly Associates Produce Nearly $8 Million for Waterfront Estate in Darien, Conn.

DARIEN, Conn., June 27, 2011 /PRNewswire/ -- "Cove House", an elegant French Norman-style estate on 2.03 private acres abutting Scott's Cove in Darien, Connecticut, with access to the Long Island Sound and less than an hour from New York City, was sold at auction on Saturday, Concierge Auctions announced. In cooperation with listing broker Doug Milne of Kelly Associates, the auction outreach efforts produced more than 100 showings and resulted in 8 qualified bidders, all of which had not previewed the property or considered purchasing it prior to the auction announcement. The live auction competition generated nearly $8 million for the property, which upon closing next month will be the highest residential sale year-to-date in the Darien Multiple Listing Service.

"The team at Concierge Auctions and Doug Milne were exceedingly professional – an aggressive group of individuals who in many ways reminded me of my days on Wall Street," stated the seller, Andrew Osinski. "Before choosing to auction I weighed all of my options and analyzed the Concierge process in detail. Ultimately I was excited about the highly customized marketing plan, and I have to say they executed on everything promised. The process attracted interest, generated competition and created a market. It was a thrilling experience, and I firmly believe the future of luxury home sales will be increasingly weighted towards the Concierge Auctions methodology."

"We are thrilled to have produced such a significant sale for Fairfield County," stated Milne. "This was my first time to represent an auction seller, and from day one it was exciting to witness such strong buyer interest. The Concierge Auctions process is a great tool for luxury property sellers seeking the highest, market-driven price within a particular timeframe."

Designed to capture the stunning beauty of its surroundings, Cove House, located at 17 Tokeneke Trail, is a five bedroom, seven bathroom residence designed in an elegant French Norman style. Situated on 2.03 beautifully landscaped, private acres on Scott's Cove, the property features a manor home, guest cottage and private dock with access to the Long Island Sound and beyond. Darien, Connecticut is one of the most affluent towns in the United States and was rated one of the best places to live in the country by CNN. Many residents work in New York City and commute to Grand Central Terminal in less than an hour.

The precisely-controlled auction outreach campaign of internet, print and radio advertising, combined with aggressive sales efforts, broker outreach, and public relations, generated more than 100 showings, 8 qualified bidders, and over 2,000 visits to the auction website from 13 countries and all US states.

"This success is a direct result of the quality of the asset and the collaboration between our firm and Doug Milne of Kelly Associates," stated George Graham, CEO of Concierge Auctions. "It was a pleasure to work with such a skilled and sophisticated broker partner. Our joint marketing and sales efforts attracted real buyers from the tri-state area and beyond, including business executives, accomplished entrepreneurs and other wealthy individuals, many of whom had never seen or considered purchasing the property prior to the auction exposure. The market came to understand 'Cove House' as one of the most premier residences in the area, resulting in overwhelming interest and a record price. It was a great outcome in return for the seamless execution of everyone involved."

Bidding through Concierge Auctions is now underway for another premier Fairfield County estate, located on prestigious Round Hill Road in Greenwich, Connecticut, a mere 40 minutes to Manhattan. Situated on over 7 acres, the residence offers 6,222 square feet and the potential for up to 19,000 square feet of expansion or new construction. Bid now at www.GreenwichLuxuryAuction.com or call 866-649-8616.

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. The company's innovative auction platform offers a 60-day disposition solution from engagement to closing. For more information about Concierge Auctions and its services please call 888-966-4759 or visit www.ConciergeAuctions.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories.  The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit www.ConciergeAuctions.com.

SOURCE Concierge Auctions