Concierge Auctions Generates Higher Price Than Any Recorded Area Sale Since 2005 Along Philadelphia's Main Line

PHILADELPHIA, June 23, 2014 /PRNewswire/ -- Concierge Auctions is pleased to announce the successful auction of the prestigious Honeystone estate along Philadelphia's Main Line, hosted in cooperation with David Harrington and Susan Ravenscroft of Kurfiss Sotheby's International Realty. Following live competition from ten qualified bidders, the property went under contract for higher than any recorded residential sale in Radnor Township since the top of the market in 2005 (excluding farm properties over 10 acres).

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"One auction attendee pointed out how amazing it was that we lined up ten buyers to compete. He said he couldn't imagine another time a property of this caliber in the Philadelphia region had benefitted from such traction," stated Laura Brady, Founder and President of Concierge Auctions. "This comment speaks to the core of our auction solution. We enhance value and liquidity for one-of-a-kind properties by expertly marketing on a global scale, driving all potential interest to one place, at one time, and producing a timely, market-based transaction."

Designed by F. L. Bissinger, built by E. B. Mahoney, and landscaped by Gale Nurseries, Honeystone is an enchanting 20th century masterpiece. The residence features fine architectural details rarely seen in post-World War II construction, including hand-cut Pennsylvania granite and limestone, five gas-lit fireplaces of marble, wood and brick, and windows perfectly situated to maximize sun exposure and afford views of the gardens. Located at 500 Huston Road in Wayne, Pennsylvania, a pillar of Radnor Township, the property is only 45 minutes from downtown Philadelphia and 25 minutes from PHL.

Concierge Auctions' global marketing campaign generated over 6,400 website visits from 50 US states (led by Pennsylvania, New Jersey, New York and California) and 75 international countries (led by Canada, the UK, Australia and France), 50 open house visitors and 30 showings. 10 bidders were qualified to compete in the auction.

Concierge Auctions has upcoming luxury property auctions scheduled in Far Hills, New Jersey, Toronto, Canada, Los Angeles, California, Ashland, Oregon, and Hilton Head Island, South Carolina, and many more are already planned for the summer and fall. If you or someone you know is interested in buying or selling a remarkable property through Concierge Auctions, call 888.966.4759.

About Concierge Auctions

Concierge Auctions is a New York City-based luxury real estate auction firm founded in 2008. Concierge Auctions serves high-net-worth individuals internationally through an accelerated marketing process that obtains fair market value for high-end properties. The firm executes auctions typically valued between $2.5 million and $20 million.

SOURCE Concierge Auctions