Villa La Ponche: Going once, going twice … to auction
If you have a couple of million euro lying around, you may want to note a few sale dates in May.
A first in France, a private auction for a luxury property that will be auctioned off on May 5th, 2016. The Villa La Ponche – a 4-storey, 120m² with 3 double bedrooms and en-suites plus an electric sliding door to a 20 m² panoramic rooftop terrace with views of the Citadel – is within St Tropez’s old town and steps away from the famed La Ponche Beach. It was originally listed at €3.25 million. The seller has voluntarily chosen the auction method as an alternative to the traditional way of selling real estate.
“This is going to auction without reserve,” says Paulina Kimbel-Alvarez of NYC-based Concierge Auctions, which have sold nearly $1 billion in luxury real estate since 2008, “and will sell to the highest bidder, thus offering a fantastic opportunity for a savvy buyer.”
To participate in the auction, you have to register by May 3rd. This consists of filling out a registration and Terms & Conditions form, providing a refundable deposit and proof of funds.
Open houses are held every weekend 1-4 pm (no appointment needed) or by appointment outside of those hours. As always, brokers are protected under the Concierge Auctions model and there is a 2.5% cooperating broker commission (TTC) for the agent bringing in the winning bidder.