Astor Courts Oct 14 Auction Draws Global Interest from Financial Moguls to Music Legends

Accepting Sealed Bids Now for Historic Rhinebeck NY Estate

Oct 06, 2010, 13:35 ET from Tranzon Asset Advisors

RHINEBECK, N.Y., Oct. 6 /PRNewswire/ -- Not every mortal may own a piece of American history, but those in positions of import are vying for a chance to win the keys to Astor Courts, the exclusive Hudson Valley estate from the Gilded Age of American aristocracy up for auction October 14.  The meticulously restored property considered a kindred spirit to Louis XIV's Grand Trianon at Versailles is on the market and now on the "must have" list of a veritable "Who's Who" the world over, judging from responses to the owners' decision to sell the venerable estate by auction – an expedited sales technique becoming one of the best ways to market high-end properties with a known value and certain elegance.  Inquiries have been fielded from across the USA and around the world with Europe and Asian prospective purchasers leading the way.

Tranzon Asset Advisors, a national real estate auction firm, is organizing the auction in conjunction with H.H. Hill Realty Services of Rhinebeck, NY.  The auction is open to qualified, pre-registered bidders and will start with a sealed-bid process.  Deadline for receipt for the sealed bids and other qualification materials is October 14 by 4:00 p.m. (EST).  

Astor Courts sits on 50 private acres in Rhinebeck, NY two hours north of New York City offering panoramic views of the Catskill Mountains and Hudson River with 2,000 feet of river frontage.  It was built at the turn of the century by John Jacob Astor, IV.  Originally part of the Astor family's Ferncliff estate, a sprawling 2,800-acre compound, Astor Courts was designed for maximum relaxation and pleasure of the Astor guests

The Beaux Arts-style pavilion was designed by noted architect Stanford White.  Upon the death of John Astor, who went down with the Titanic, the estate passed to son Vincent, whose third wife, Brooke Astor, donated it to the Catholic Archdiocese of New York in 1964 which converted it to a retirement home.

Present owners purchased this historic treasure in 2005 and have restored it to its previous grandeur. Astor Courts again is a magnificent estate and in the past several years has been the site of high-profile functions including this summer's nuptials between Chelsea Clinton and Marc Mezvinsky.

With an estimated appraised value of $15 million, the current $13.5 million asking price is a bargain, considering the history and fact the property will sell to the highest bidder above $7,500,000.  To date, the property has drawn interest from around the world, from some of the world's top financial titans to sports heroes and figures from the world of entertainment known by fans on a first-name basis.

For a complete bidder's auction package, visit www.astorcourtsauction.com or www.tranzon.com. Qualified prospects may arrange a tour by calling 866-243-8243.

Media Contact:

Liz Chuday

410-464-1100

liz.chuday@gmail.com





SOURCE Tranzon Asset Advisors



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