Concierge Auctions Sells Luxury Lakefront Estate in Weston, Connecticut

WESTON, Conn., Nov. 5, 2010 /PRNewswire/ -- Concierge Auctions is pleased to announce that 39 Cavalry Road, a picturesque lakefront estate on two acres, sold today at a live, on-site auction conducted in cooperation with listing agent Patrice M. Schramm of Prudential Connecticut Realty.

The global outreach conducted by Concierge Auctions produced over 80 showings and 8 bidders. The aggressive marketing campaign generated 2,006 visits to the auction website from 59 countries (led by the US, Canada, United Kingdom, Argentina and France) and 45 US states (led by CT, NY, NJ, CA and TX).

"This was an exciting experience. The Concierge Auctions sales and marketing outreach efforts were phenomenal, and their team was a pleasure to work alongside," stated Schramm. "Our combined efforts generated over 80 showings in four weeks, which is a significant accomplishment considering that 54 other comparable homes priced between $1 million and $3 million are currently on the market in Weston. I would certainly recommend Concierge Auctions to other luxury real estate brokers and sellers who are searching for a guaranteed solution to sell their properties within a specified timeframe."

Perched on two acres overlooking the calm, sparkling waters of Crystal Lake, 39 Cavalry Road was thoughtfully built to showcase expansive views from nearly every room. The property hosts an over 4,000-square-foot tri-level home with five bedrooms, five bathrooms, a gourmet kitchen, formal dining and living rooms and a finished lower level with a den, sauna, full bathroom, guest bedroom and exercise room. The open backyard features a large green space with lush landscaping framed by mature trees that overlook the lake and a private dock.

"The auction process for luxury homes is growing in popularity in the Northeast, as many sellers are frustrated with the uncertainties and inefficiencies in the current market," stated Concierge Auctions CEO George Graham. "No longer can you simply put a sign in the ground, place advertisements and wait for buyers to arrive at your doorstep. This is particularly true in the Northeast luxury market, where shadow inventory poses a significant threat in the coming years. Concierge Auctions is a clear choice for innovative sellers who choose a guaranteed outcome - the certainty of a sale by a particular date. We are proving ourselves with successful auctions nationwide, and with our headquarters based in New York City, we are excited about our increased presence in the tri-state area."

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. Upcoming auctions in the Northeast include a colonial estate on a 34-acre working farm in New Vernon, NJ, which will sell Absolute on November 12 (www.FawnHillAuction.com); and a historic manor on over 19 acres in prestigious Tuxedo Park, NY, only one hour from Manhattan, which will sell Absolute on November 19 (www.TopridgeAuction.com). 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.  A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame.  Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum.  As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii.  The company's database includes more than 50,000 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