Tech entrepreneur uses app to auction luxurious Austin estate

Concierge Auctions listed the home for auction on its Instant Gavel app for a 30-hour period
  • Tech guru Martin Neath listed his Austin home on Concierge Auctions' Instant Gavel app July 27.
  • Previously listed for $5.995 million, the home at 3509 Lost Creek Blvd. is currently in a pending sale from the auction.
  • The Instant Gavel app has grown in popularity, Concierge Auctions says, accounting for more than 80 percent of auctions in 2016 compared to less than 10 percent last year.

What’s the fun in selling a home the traditional way anymore? Through Concierge Auctions’ Instant Gavel app, home sellers can opt to put their home in an auction instantly and virtually for a set period of time, which is just what tech entrepreneur Martin Neath did when he decided to to sell his multi-million dollar Austin estate.