The alliance will make Concierge Auctions the “preferred auction provider” of Italian Sotheby’s, according to a statement.

Concierge Auctions is teaming up with Italy Sotheby’s International Realty in a deal that should give both companies greater access to each other’s markets, it was announced on Monday.

The new alliance will make Concierge Auctions the “preferred auction provider” of Italy Sotheby’s, according to a statement from the companies. At the same time, Italy Sotheby’s will become Concierge Auctions “main reference for the Italian market.”

Both Concierge Auctions and Italy Sotheby’s focus on the luxury end of the market.

Lodovico Pignatti Morano, a managing partner at Italy Sotheby’s, further explained that his company’s agents will now have access to Concierge Auctions platform, giving them a “time-certain solution to clients in the buying and selling of the world’s most distinctive properties.”

Lodovico Pignatti Morano

“Concierge Auctions is a groundbreaking force, with the largest footprint in international property auctions and over a decade of proven success in the high-end sector,” Morano added in the statement.

In an email to Inman after this story was initially published, a spokesperson for Concierge Auctions said that “Italy is one of the most sought after destinations in Europe, and with a number of successful and notable sales in the country already, we are sure it will become one of the most important destinations for us too.”

The companies provided few other details. When asked how many Italian properties Concierge Auctions might handle, the company declined to provide an estimate, saying instead that agents would use the auction platform when the “solution fit the need.”

However, Concierge Auctions’ European advisor Charlie Smith described the partnership as “a transformation of the home buying experience for both buyers and sellers of high-end Italian properties.”

“We’ve made a strategic decision to align with this esteemed brand, known for a tradition of utmost excellence for the most distinguished properties in Italy and throughout Europe,” Smith continued in the statement.

Concierge Auctions was founded in 2008 and in a statement described itself as “the largest luxury real estate marketplace in the world.” The company operates in 40 U.S. states and 27 countries, and focuses exclusively on “the most prestigious properties globally.”

Italy Sotheby’s International Realty is the largest luxury real estate firm in its home country. The company maintains offices in Rome, Milan, Venice and other Italian cities, both large and small.

In his statement, Smith expressed excitement about teaming up with the Italian company.

“We’ve made a strategic decision to align with this esteemed brand, known for a tradition of utmost excellence for the most distinguished properties in Italy and throughout Europe,” he said.

Update: This post was updated with additional information that Concierge Auctions sent to Inman after publication.

Email Jim Dalrymple II

How do you stay ahead in a changing market? Inman Connect Las Vegas — featuring 250+ experts from across the industry sharing insight and tactics to navigate threat and seize opportunity in tomorrow’s real estate market. Join more than 4,000 top producers, brokers and industry leaders to network and discover what’s next, July 23-26 at the Aria Resort. Hurry! Tickets are going fast, register today!

Thinking of bringing your team? There are special onsite perks and discounts when you buy tickets together. Contact us to find out more.

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
He left Real Geeks and then came back. Why?Watch Now×
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