SARASOTA, FL – October 9, 2007 – Sarasota luxury brokerage firm, SKY Sotheby’s International Realty, announced today that it will hold a fall auction of high-end properties in several Gulf Coast counties, including Manatee and Sarasota, on November 16th at 9:00 a.m. at the Longboat Key Club & Resort, located at 301 Gulf of Mexico Drive, Longboat Key. The firm will team up with Daniel DeCaro Real Estate Auctions, Inc., which has been auctioning properties of distinction nationwide for more than 25 years.
The Fall 2007 Auction is being held in conjunction with the Third Annual Sarasota Sports Foundation Celebrity Gala and Golf Tournament, presented by Stanford Group Company and hosted by the Longboat Key Club and Resort during the same weekend on November 16-17. Five percent of the Fall Auction’s net proceeds will be donated to the Foundation in support of its mission of breaking the cycle of child abuse, neglect and abandonment in the community.
“This is our second auction of the year and it will offer a wide variety of luxury properties, ranging from $500,000 to $20 million, offered both absolute and with aggressive reserves,” says Chad Roffers, President, SKY Sotheby’s International Realty.
Absolute properties are sold to the highest qualified bidder with no limiting conditions or amount. The properties offered for sale with a reserve, or minimum sale price, are carefully selected by SKY Sotheby’s International Realty before being accepted into the auction. The firms recently finished assembling an unprecedented collection of luxury homes, condos and lots, valued at a combined total of over $200 million.
“Our portfolio is an amazing selection of quality properties and is comprised of the most motivated sellers who are willing to sell at a substantial discount, passing huge savings on to the lucky buyer,” says Roffers.
Daniel DeCaro, President of DeCaro Real Estate Auctions, adds “It is very rare to have a conglomerate of properties of this caliber together in one area. This is a very special grouping of properties in a sought-after and quality location with worldwide draw.”
In general, auctions allow for more aggressive marketing and expose a property on a national level, thus providing opportunity to potential buyers who might never be aware of it otherwise. Auctions also provide great benefits for buyers.
“Auctions can help buyers find a property at their price – essentially letting them choose the price they want to pay for a home,” says Roffers.
Earlier this year, SKY Sotheby’s International Realty held its first ever Spring 2007 Auction at the Sarasota Ritz-Carlton on May 18 with great success. Attracting people from across the continental U.S., Europe, Russia and South America, the auction was an exciting event that created great opportunity for buyers and resulted in the sales of nearly two-thirds of the offerings.
“I attended the SKY Sotheby’s auction in May and found a real bargain,” said Kevin Millard, who bought a condo in Villa Di Lancia on Longboat Key. “I had been looking for property in the area for quite a while, just waiting for the prices to fall. The auction let me determine the price I wanted to pay for my home – and not a penny more.”
The Fall Auction’s collection of properties will be available for preview on October 28, November 4 and November 11 from noon to 5 p.m. and by appointment. Bidder pre-registrations will be accepted beginning October 16 and buyer orientation sessions will be held on October 30 and November 7 at the Ritz-Carlton, Sarasota.
Those interested in attending the auction may find more information by visiting the Web sites of SKY Sotheby’s International Realty at www.skysothebysrealty.com or Daniel DeCaro Real Estate Auctions, Inc. at www.decaroauctions.com or by calling the auction hotline at 941.308.6560. Inquiries regarding auction procedures may be directed to Daniel DeCaro Real Estate Auctions, Inc., at 800.332.3767.
About Daniel DeCaro Real Estate Auctions, Inc.
Daniel DeCaro Real Estate Auctions, Inc., based in Sarasota, Florida, has been auctioning properties of distinction nationwide for more than 25 years. The firm was founded by Daniel DeCaro, a recognized leader and innovator in the auction industry, and is known for auctioning premier real estate assets of all types, including commercial and residential properties, institutional loans and real estate securities. For more information, call 800-332-3767 or visit www.decaroauctions.com.
About SKY Sotheby’s International Realty
As Sarasota’s leading luxury real estate brokerage and exclusive Sotheby’s affiliate, SKY Sotheby’s International Realty represents the area’s most distinctive properties and people. Combining the impeccable customer service of a boutique firm with the global resources and 200-year-old reputation of the Sotheby’s brand, the company offers a unique and highly personalized approach to the Southwest Florida luxury real estate market. Since its formation in January 2004 by Brandyn Herbold and Chad Roffers, the employee-owned company has enjoyed unprecedented momentum and unusual success driven by a strong focus on the customer. Connecting qualified buyers and sellers from around the world, SKY Sotheby’s International Realty has local offices in Sarasota, Lakewood Ranch, Longboat Key and Osprey, as well as Minnesota, and is part of the Sotheby’s global network of affiliates in 35 countries and 275 cities. Experience the SKY Sotheby's difference at www.skysothebysrealty.com.
About Sotheby’s International Realty Affiliates, Inc.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty® network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Cendant Corporation (NYSE: CD), the world’s leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby’s Holdings, Inc. (NYSE: BID; LSE: STBA). The agreement provided for the licensing of the Sotheby’s International Realty® name and the development of a full franchise system by Sotheby’s International Realty Affiliates, Inc., a Cendant subsidiary. The agreement also included the acquisition of the company-owned real estate brokerage offices by NRT Incorporated, a Cendant subsidiary that owns and operates those offices today as Sotheby’s International Realty, Inc. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates, Inc. supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable, 260-year-old Sotheby’s auction house. For more information, visit www.sothebysrealty.com.
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