SKY Sotheby's/J.P. King Property Auction

Yesterday we had our spring portfolio sale at The Ritz Carlton in downtown Sarasota. Over 300 people attended the exciting event which was the areas largest luxury home portfolio auction ever presented in a single swoop. I think it went very well and most who attended considered the event to be very successful.

Several properties sold prior to the auction. The Sarasota Herald Tribune reports property sales of almost $16 million. The largest sale was a mansion in Lakewood Ranch on Cowcamp Lane. The 14 acre, 7 bedroom, 11,000 square foot home with a 22 stall barn sold for $6,000,000. Typically, transactions occur after the auction so we will get a tally in a few days as to the total dollar volume of properties that sold.

Chad Roffers, SKY Sotheby's president, worked very hard on this auction and did a great job.

Sarasota Herald Tribune article