Global auction exposure produces over 200 showings, 13 bidders and a record price

SCOTTSDALE, Ariz., Feb. 13, 2012 /PRNewswire/ -- Following five weeks of widespread exposure for the auction of the Happy Valley Estate -- a private Scottsdale, Arizona residence with approximately 27,000 square feet of resort living on 19 beautiful acres -- the property sold for the highest price in Scottsdale this year and the second highest in the past 12 months, Concierge Auctions has announced. In cooperation with co-listing agents Frank Aazami of the Private Client Group at Russ Lyon Sotheby's International Realty and Don Tyler of Tyler Properties, New York City-based Concierge produced over 4,600 website visitors, 200 showings and 13 bidders from 5 US states and the UK. The winning bidder is from Nebraska.

"Our objective was to move this property in an expedited process, versus the delays and uncertainties of traditional brokerage. The auction presented urgency and forced a conclusion," stated the seller, Jim Coles. "It was very important that we select a skilled and experienced auction company, and there's no doubt Concierge did the job."

"This sale is monumental for the Scottsdale area, marking the highest recorded price for a single-family residence this year and the second highest in the past 12 months," stated Aazami. "With heightened inventory levels, particularly in the luxury realm, auctions will continue to be an important tool to facilitate our return to equilibrium. Although many auction firms have been active in our market, none have produced such an incredible outcome as we did this weekend with Concierge."

Well-secured behind scenic iron gates, 9422 East Happy Valley Road offers 27,000 square feet of resort living with a 10,000-square-foot main home with nine bedrooms, nine and a half baths, a nine-car garage and two detached guest casitas. Features include extensive hand carved pillars, a built-in library, gourmet kitchen, ballet and dance quarter, signature indoor tennis court, mother of pearl swimming pool, mermaid style jacuzzi, authentic desert botanical garden and a French Victorian courtyard. There is opportunity to convert the indoor tennis court into an 80+car museum, basketball court or private auditorium.

"I am thrilled with the tireless execution of our team to generate this great success, and I also appreciate the hard work of our listing partners Frank Aazami and Don Tyler," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "We analyzed dozens of seller applicants in the Scottsdale/Phoenix market before accepting this assignment, and we are excited to have proven the viability and benefits of our platform for luxury sellers in the area."

Concierge is currently accepting applications from luxury sellers nationwide with premier, storied properties. To request a complimentary evaluation visit www.ConciergeAuctions.com or call 888-966-4759.

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

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