• Concierge Auctions is hosting its first portfolio sale in China in June due to increasing participation from Chinese buyers in U.S. auctions.
  • The brokerage is currently looking for additional properties to include in the auction.

Real estate auction company Concierge Auctions is expanding its reach to China, a response to the increasing participation from Chinese buyers during auctions based elsewhere.

“Sellers are attracted to the depth and reach of our database, and our ability to bring an extraordinary level of focus to every property we represent. On the heels of our expansion to Europe last year, this reach to China is a natural evolution of our global presence,” said Concierge Auctions Chairman Chad Roffers in a statement.

“We’ve seen a substantial uptick in Chinese buyers participating in our auctions, and we know the investment we’re making in this initiative will be a significant advantage to our clients.”

The China Portfolio Sale, which is marketed in partnership with The Wall Street Journal and Mansion Global, will take place June 28–29, and buyers from across the globe will be able to bid in real time on a number of luxury properties directly from the Concierge Auctions app.

The brokerage is currently looking for additional properties to include in the auction. The property requirements are:

  1. An ultra-luxury price point
  2. Move-in ready and/or furnished
  3. Branded properties, such as Four Seasons Residences and The Ritz-Carlton Residences
  4. Amenities that appeal specifically to Chinese buyers are a plus, such as gardens, pools, storage, in-house facilities, indoor garages and sports facilities

Each home that is accepted for inclusion will be available for preview for four weeks prior to the auction.

The Wall Street Journal and Mansion Global are thrilled to partner with Concierge Auctions to provide our Chinese audience of high net worth buyers with access to their distinct portfolio of the world’s finest luxury properties,” said Luke Bahrenburg, associate publisher and global sales director at Dow Jones in a press release.

“Chinese interest in overseas property is no secret and we expect this targeted initiative to yield great benefits for both the Concierge Auctions brand and their global customer base.”

In addition to the June auction, Concierge Auctions host a custom launch events in Shanghai and Guangzhou on May 22–25, and an invitation-only luxury property showcase in Beijing on June 16–18.

Email Marian McPherson

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription