Page 17 - Collection Magazine Volume 72 - List Sotheby's International Realty | LISTSIRHK

S OT H E BY ’ S I N T E R NAT I O NAL R E ALT Y 蘇 富比 國 際 房地 產

2023 Luxury Outlook report is that more than
ever, buyers are expanding their searches–
both internationally and domestically–outside
of traditional markets and cities to find a
good deal. We have seen examples of this as
a result of the Euro and Yen, many of which
attracted buyers looking for good deals and
opportunities.

Q: Can you discuss the brand’s partnership
with Sotheby’s Concierge Auctions?
A: Luxury online auctions is a growing sector
of the real estate industry, particularly at the
high-end, where a more limited buyer pool
exists and properties can be harder to value
Philip A. White, Jr talked about the power of Sotheby's brand with Charles F. Stewart, CEO of Sotheby's in SIR's GNE 2023. and sell. Sotheby’s Concierge Auctions, creates
Realty has added Saudi Arabia and Turkey to A: It seems the marriage between location predictability and liquidity for sellers in an
its global network, with a renewed presence and lifestyle interests continues to dominate accelerated timeframe and is designed to work
in Argentina. We also continue to expand following COVID-19. The United States markets with real estate agents as trusted advisors.
across the United States in Washington, New like Florida and Colorado continue to see They had a really fascinating auction last year
York, Alabama, and Texas and have achieved interest from buyers. In Europe, there’s been where Sotheby’s International Realty auctioned
several successful mergers and acquisitions a lot of interest in Italy, Portugal, France, and six properties live and sold USD$40 million
to increase brand strength, including our most Greece. Dubai also continues to defy the odds. worth of real estate in one hour. For some
recent expansion in Spain. We continue to In the Caribbean and Latin American region, sellers, having a finite timeframe for selling is
evaluate opportunities where the brand can the Bahamas also remains very strong, and in very valuable. I’m especially excited to work
strategically expand around the world. the Asia-Pacific region, while strict COVID-19 with Sotheby’s Concierge Auctions in Hong
restrictions previously impacted the market, Kong for an exclusive live sale on October 3rd,
Q: Which markets are seeing interest, and what we’re seeing renewed interest as tourism which will occur as part of the 50th anniversary
makes them popular? opens back up. What we also found through our of Sotheby’s in Asia.

111 Murray Street, New York, United States |
Photo credit to Sotheby's International Realty - Downtown Manhattan Brokerage.

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