Despite instability, the priciest and most unique properties are still moving, Christie's Co-CEO Thad Wong and President Chris Lim told Inman during the brokerage's annual conference
Doorsey uses a publicly available bidding website on which buyers can see competitive offers and submit formal 'bids' above the last. Founder Jordan Allen was happy to see the deal go through
Doorsey encourages sellers and their agents to share as much as possible about the home — exposing warts and all to the open market
As of the auction's closing bid on Monday, celebrity botox doctor Alex Khadavi's Bel Air mansion had gone for $46.76M, below the $50M reserve price set by bankruptcy courts
Coldwell Banker has partnered with Supreme Auctions to help agents sell luxury properties and learn the ins and outs of the auction space with a free course
Opinion
Auctions used to be reserved for exceptionally expensive homes or for very unique properties, but that is no longer the case in the age of coronavirus
'Real estate agents need to be more aware of the auction as an opportunity,' says Ben Brady, regional director at Harcourts North America
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Firm's CEO believes auctions could eventually account for 10 percent of annual residential sales volume