JACKSON HOLE, Wyo., July 16 /PRNewswire/ -- The live, on-site auction of the Teton Valley Ranch in Jackson Hole, Wyoming will commence on August 14, Concierge Auctions has announced. Originally listed for $17.9 million, 50-acre Estate Parcel II will sell to the highest bidder without reserve, regardless of price. Estate Parcel I, with a 10,000-square-foot residence on 52 acres and originally listed for $29.5 million, will sell above a reserve of $11 million. The new date and adjusted bidding structure will allow currently registered bidders and other engaged parties additional time to complete their due diligence on this premier property, and the 'without reserve' format of Estate Parcel II will open the opportunity to a larger pool of potential buyers.
The Teton Valley Ranch auction will be held live, on-site, on Saturday, August 14 at 11 a.m., MDT. Attendance will be limited to registered bidders and their representatives. The sale is being conducted in cooperation with the Lewis, Lewis & Kleiman Team at Jackson Hole Sotheby's International Realty. A 2.5% commission is offered to the buyer's representing agent. The property is available for preview daily, 1-4 p.m. and by appointment. Bidder registrations are due by August 11. For more information visit TetonValleyRanchAuction.com or call 800-211-1785.
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 30,000 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