Concierge Auctions is a residential real estate company based in New York and Texas. It auctions properties to the highest bidder and has worked with celebrity and business figures such as Michael Jordan, Barbara Corcoran, Eli Broad, Cher as well as a home featured on Keeping Up With The Kardashians.
It holds the world record for the most expensive home ever sold in the United States through an auction. The company has been accused of artificially driving up the price of its auctions since 2014, with many lawsuits settled out of court. Since 2008, Concierge Auctions has sold more than $1 billion in real estate properties in 40 U.S. states or territories and 29 foreign countries.
The company was founded in 2008 by Chad Roffers, who had owned Sky Sotheby’s International Realty, a Sotheby’s franchise in Sarasota, Florida, and Laura Brady, a realtor also from Sarasota. It was conceptualized to hold auctions for high-priced real estate between a seller and a group of buyers. Local real estate agents receive 5-6 percent sales commission and Concierge Auctions charges 12 percent to buyers.
According to en.wikipedia.org. Source of photo: internet
