Friday, May 18, 2007

On the auction block, the luxury lifestyle

Here is an interesting article in the Sarasota Herald Tribune paper today about our portfolio auction. Today, at 1 p.m., SKY Sotheby's International Realty and J.P. King will attempt to auction off one of the largest luxury home portfolios ever offered at one time in the nation at The Ritz Carlton. There are 20 properties in the auction ranging in value from $300,000 to $9 million and an average asking price of $2 million. We have already had several properties go under contract that were originally slated to be in the auction. Stay tuned and I will let you know how the auction went.

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