Global luxury real estate marketplace Concierge Auctions has announced it is accepting premier properties for its inaugural China Portfolio Sale, the firm’s first portfolio auction specifically targeting Asian buyers. Marketed in partnership with media powerhouses The Wall Street Journal and Mansion Global, the June 28-29th auction will feature a curated selection of the world’s finest properties. Bidding will be hosted on Concierge Auctions’ mobile app, allowing buyers to participate in real-time from anywhere in the world.
“Sellers are attracted to the depth and reach of our database, and our ability to bring an extraordinary level of focus to every property we represent. On the heels of our expansion to Europe last year, this reach to China is a natural evolution of our global presence,” stated Concierge Auctions Chairman Chad Roffers. “We’ve seen a substantial uptick in Chinese buyers participating in our auctions, and we know the investment we’re making in this initiative will be a significant advantage to our clients.”
Ideal properties for the portfolio include ultra-luxury price points, move-in ready/furnished options, and branded properties like the Four Seasons Residences and The Ritz-Carlton Residences. Amenities that appeal to Chinese buyers — those not readily available in China — are also a plus, including gardens, pools, storage, in-house facilities, indoor garages, and sports facilities. All properties in the portfolio will be available for preview for four weeks prior to the auction.
“The Wall Street Journal and Mansion Global are thrilled to partner with Concierge Auctions to provide our Chinese audience of high net worth buyers with access to their distinct portfolio of the world’s finest luxury properties,” stated Luke Bahrenburg, associate publisher and global sales director at Dow Jones. “Chinese interest in overseas property is no secret and we expect this targeted initiative to yield great benefits for both the Concierge Auctions brand and their global customer base.”
A series of custom launch events will be hosted in cooperation with The Wall Street Journal and Hurun’s high-net-worth database of China’s most capable real estate enthusiasts in Shanghai and Guangzhou between May 22-25th. The events will provide potential bidders with the opportunity to learn more about the properties featured in the portfolio, as well as the registration and bidding processes. Concierge Auctions is also a sponsor of the invitation-only Luxury Property Showcase that will take place June 16-18th in Beijing. A reception in Hong Kong will take place on June 28th, marking the start of the two-day bidding cycle for the sale.
This is the second portfolio sale held by Concierge Auctions in the past year. In December 2016, the firm held a Winter Portfolio Sale in New York City, which attracted more than 50 bidders from 15 U.S. states and eight countries/territories, and paved the way for this event.
To find out more about how your property could be considered for the China Portfolio Sale, call +22.214.171.12440. You can also visit www.chinaportfoliosale.com to download full details, including the timeline, exposure plan, and a white paper on Chinese real estate investment. Space is limited.