Significant Sales | Volume I – Issue VI

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From a world-class waterfront home in New York, to a sprawling 40-acre ranch in Wyoming, this issue of Significant Sales also showcases homes from throughout the United States, Sweden and St. Barthelemy.

$21,150,000 USD | New York, USA | Julia B. Fee Sotheby’s International Realty

Located on nearly three-acres of waterfront land in one of Rye, New York’s most exclusive enclaves, this world-class oasis enjoys show-stopping panoramic views of the Long Island Sound, and 346-feet of direct beach frontage. The superbly built coastal residence contains five-bedrooms, five-full and three-half baths, with a total of 8,400-square-feet of living and entertaining space, complete with panoramic water views extending beyond the distant coastline. Additional highlights include a sophisticated living room and elegant dining room, professionally equipped kitchen with an extensive casual dining area, and the exquisite master suite. A captivating pool, pool house and multiple outdoor entertaining spaces, as well as a guest cottage and sta quarters also reside on the amenity-filled grounds. The exceptional waterfront property lies just 35 minutes from the heart of Manhattan, and conveniently near Rye Village, Greenwich and Westchester County’s countless recreational offerings.

02-healdsburg$15,250,000 USD | California, USA | Healdsburg Sotheby’s International Realty

This stunning approximately 52-acre vineyard estate is set upon a sylvan, rolling hillside in a bucolic Russian River Valley location. An over 6,800-square-foot masterpiece built by Redhorse Constructors and designed by James G. Savroy Architects, the main home features a wine tasting room, wine cellar, separate master wing with study, two guest suites, exercise room, observation belvedere, koi pond, extensive decking and patios. In addition to the main home there is a historic farmhouse and caretaker’s cottage, pool, tennis court, gardens, and entertaining barn. Comprising three parcels with planted pinot noir and chardonnay vines, and Russian River beach frontage, this property represents true wine country living.

10-jackson-hole$10,440,000 USD | Wyoming, USA | Jackson Hole Sotheby’s International Realty

Willow Creek Ranch sits in a private valley looking up to the Wind River mountain range. With eight miles of Willow Creek, a 40-acre private lake and frontage on 1,600-acres of Willow Lake, the fishing is exceptional. The property offers great cattle ranch space with hunting, privacy and proximity to Jackson Hole, which is just over an hour away. Serviceable improvements, good hay meadows, state and forest leases all provide the foundation for this 300 head cattle operation.

Noteworthy Sales from Around the World

sweden47 000 000 SEK | Sweden | Sweden Sotheby’s International Realty

Wilhelmsberg, with its almost 150 years of history, and its 22 rooms with a total area of 700-square-meters, is undoubtedly one of Gothenburg’s truly unique private homes. The house is located on a huge beautiful garden plot with an area of 3,378-square-meters, with bushes, trees and fountains, as well as a grand four-car garage. In 1865, Julius Lindström, a wholesaler of snuff and tobacco, bought the property from James Dickson and built a summer residence in the Renaissance style, inspired by a castle in Normandy. He retained the services of renowned city architect, Victor von Gegerfeldt and the building was completed around 1868. Lindström also beautified the park in the style of an English garden, and adorned it with fountains and statues. Lindström was an important man in Gothenburg, and at times was a city councilman and member of parliament, as well as being known as a public benefactor.

st-barth€6.420.000 | St. Barthelemy | St. Barth Sotheby’s International Realty

A veritable Caribbean escape, this desirable and rare parcel of land situated on a beautiful white sand beach in St. Barthelemy offers incredible vistas of the surrounding environment. Imagine waking up to the tranquil sounds of the crystal clear surf and feeling the warm sand beneath your feet on this captivating property. Representing the boundless possibilities of island life, this land is the future site of the oceanfront retreat of your dreams.

Explore Significant Sales Volume I – Issue VI

Sotheby’s International Realty Expands Luxury Brand Presence in Southeast Asia

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Sotheby’s International Realty Affiliates LLC today announced that it has signed agreements with LIST Co., LTD, which owns List Sotheby’s International Realty, to expand the Sotheby’s International Realty® brand presence in Thailand and the Philippines.

This agreement furthers the growth of List Sotheby’s International Realty in the Asia-Pacific region.  Led by Owner and Chief Executive Officer Hisashi Kitami, the firm expanded into Singapore earlier this year, building upon its existing market presence in Japan and in Oahu, Hawaii.

“Thailand and the Philippines are key gateways into the growing markets of Southeast Asia and also hold attractive properties for global investors,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.  “Hisashi Kitami and his team continue to exemplify our brand’s core values and commitment to providing the highest levels of service in luxury real estate and we are proud of their continued growth.”

“We are excited to complete our acquisition of the territory of Thailand, starting in its capital city of Bangkok, while unveiling our strategic expansion into the brand’s existing market presence in the luxury residential segment in Phuket,” said Kitami.  “The Philippines has been one of the top destinations for investors worldwide and offers attractive opportunities for our existing clientele and has an international consumer base. The global reach of the Sotheby’s International Realty network is beneficial to our clients and aligns with the mindset of our team.”

The Sotheby’s International Realty network currently has more than 19,000 affiliated independent sales associates located in approximately 850 offices in 65 countries and territories worldwide.  List Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website.  In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

Video of the Week: Lake Tahoe Castle in Incline Village, Nevada

$23,900,000 USD | Incline Village, Nevada | Sierra Sotheby’s International Realty

Known locally as “The Castle on Lake Tahoe”, this gated waterfront Chateau spans two lots with a rare 180-feet of Lake Tahoe frontage and 95% open space, making it the perfect home to relax, recreate, entertain guests and enjoy the splendor of the great outdoors. Set on nearly two landscaped acres, this custom built, 7,500-square-foot masterpiece has five-bedrooms, five-and-a-half-baths and guest suite with separate entries, ideal for guest, caretaker or au pair suite. Special features include four wood burning fireplaces, tasting room/wine cellar, elevator and many custom interiors including spectacular stained glass ceilings. Other highlights include an extended private pier with two motorized boat lifts, boat launch, deep-water buoy, freshwater creek and spectacular views of Lake Tahoe and snow capped Sierra Nevada mountains.

Market Spotlight | Chinatowns in the United States

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As a country marked by waves of immigration from citizens around the world, the United States has long been home to enclaves that offer new residents a sense of “home” among those who share in their culture as they transition into American life. Since the establishment of San Francisco’s Chinatown in the mid-1800s, these neighborhoods have become staples for American cities around the country. Visually defined by a fusion of Western architectural styles with traditional Asian elements such as gilded ornaments and tiled-roofs, Chinatowns in the U.S. have emerged as popular neighborhoods where residents and visitors enjoy vibrant cultural offerings in the form of cuisine, art and events.

San Francisco

In 1848, the first Chinatown in the United States was born, and has since grown into a symbol for the city. Representing the largest Chinatown outside of Asia, it is a staple of tourism for the Bay Area. Locals and tourists enjoy visiting Ross Alley, which houses the popular Golden Gate Fortune Cookie Factory and provides a haven for artists as murals throughout the area offer a glimpse into the daily lives of Chinese Americans.

sanfranSan Francisco, California | $2,500,000 USD | Sotheby’s International Realty – San Francisco Brokerage

Open the door to a true oasis within the coveted Golden Gateway Commons, with vaulted ceilings, hardwood floors and a contemporary aesthetic. Flooded with natural light, there is a seamless flow between indoor and outdoor living. Four south-facing outdoor terraces lend themselves to a Zen consciousness with views capturing the downtown skyline, Coit Tower, the Embarcadero and beyond. A convenient location offers ease of access to the Ferry Building and Financial District, as well as a short five minute drive to Chinatown.

Seattle

In Seattle, the establishment of Chinatown grew into what is now The International District, a neighborhood that incorporates Chinese, Japanese, Filipino, African American and Vietnamese influences. A popular destination is Kobe Terrace Park, with blossoming Cherry trees by spring that are complemented by a stunning stone lantern sculpture gifted by Kobe, Japan, Seattle’s Japanese sister city. In recent years, The International District has seen large-scale development projects that have drawn more businesses and residents to its bounds.

seattleSeattle, Washington | $610,000 USD | Realogics Sotheby’s International Realty

The Urban Loft is a signature residence nestled in the heart of Seattle’s historic Pioneer Square neighborhood. An open entertainer’s floor plan meets high-end industrial aesthetic, from the 24” old growth beams and 11 foot ceilings down to the concrete countertops and stainless steel appliances. Take in cityscapes from the rooftop deck or indulge in a quick 10 minute walk to all that The International District offers.

Chicago

Occupying much of Armour Square, Chicago’s Chinatown has traditionally catered more to commercial interest, though recent years have seen more residential projects that have drawn those looking for an urban and culturally rich lifestyle. Attractions include Chinatown Square, a mall with a design inspired by the Chinese Imperial Court complete with statues for each of the 12 Chinese Zodiac symbols. A cornerstone of the community is the Pui Tak Center, which represents the first structure in the neighborhood to be erected in traditional Chinese architectural style.

chicagoChicago, Illinois | $665,000 | Jameson Sotheby’s International Realty

An exquisite condo that exudes sophistication and comfort with a priceless view. High-end upgrades and custom-made features include picture framing walls, hand-painted Scalamandre Wallpaper, French shutters, PARIS ceramics, surround sound, a fireplace, Marble & Wenge hardwood floors, a Carrera Marble island, and much more. Breathtaking vistas of Millennium and Grand Park, Buckingham Fountain, boats on the lake, and the city skyline. A fifteen minute train ride hearkens in the South Loop and all that the cultural center within Chinatown affords.

New York

Second only to Asia, New York City is home to the largest ethnic Chinese population and the state houses at least 12 Chinatowns. The Manhattan Chinatown is known for its open markets, restaurants and night life. It draws residents both for the authentic Chinese culture and the excellent transportation system, with a convergence of subway lines to easily pivot across the city. Among the top destinations is Prosperity Dumpling, a Chinese restaurant offering premier cuisine whether it’s for its namesake dish or a sesame pancake.

newyorkManhattan, New York | $999,888 USD | Sotheby’s International Realty – Downtown Manhattan Brokerage

No detail was spared in the renovation of this bright and open apartment as brand new 5” Butternut wood floors meet thoughtful updates including state-of-the-art kitchen appliances and Carrara Quartz countertops. Skyline views from every room complement sunny southwestern exposure and unobstructed views of Freedom Tower from the living room. An enviable location with the vibrant culture of Chinatown Manhattan at your doorstep.

Inspired by the sense of community and convenience afforded to those who both reside in and visit Chinatown, Realogics Sotheby’s International Realty established the Asia Services Group, a team of independent brokers fluent in foreign languages, customs and the logistics necessary for working with foreign homebuyers.

Since the formation of the Asia Services Group, Realogics Sotheby’s International Realty has further cemented itself as an opinion leader on foreign investment in the Pacific Northwest through unique initiatives that include a feature documentary entitled East Meets West and the all-Mandarin Seattle Luxury Living Magazine, which targets affluent Chinese consumers both within the United States and overseas.

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We would like to thank Amanda Westby, copywriter and creative assistant, at Realogics Sotheby’s International Realty for supplying this feature.

Luxury Living | Cal Ripken Jr.’s Maryland Estate

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Hall of Famer and baseball’s “Iron Man,” Cal Ripken Jr. is one of the most memorable athletes of his time. Born in Maryland and famous for his time spent with Baltimore Orioles, his sprawling, 25-acre estate has become available through Monument Sotheby’s International Realty.

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Originally built in 1985, the six-bedroom, 10-bathroom home was renovated in the 1990’s and features a home theater, gym, indoor basketball court, batting cage and locker room.

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The elegantly designed home theater features its own box office, stage and seating for more than 10.

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Not surprisingly the home pays homage to baseball with its very own diamond and monument commemorating Ripken’s 2,131 consecutive games played, the record-breaking moment that solidified him as a living legend in the sport.

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According to the Baltimore Sun, “Ripken purchased the land in 1984 for $215,000. The property is now valued by the state for tax purposes at just over $2 million.”

See more of Cal Ripken Jr,’s estate

Luxury Real Estate Headlines: Fourth Week in September 2016

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

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$12,500,000 USD | Reisterstown, Maryland | Monument Sotheby’s International Realty

“The 25,000-square-foot home, nestled into a ridge near the intersection of Dover Road and Tufton Avenue, dates to 1985. A 1991 renovation added a gym with a full-size basketball court, batting cage, training room and locker room.”

Cal Ripken Jr.’s Reistertown Estate Goes on the Market – The Baltimore Sun

Belgian Designer Puts His Own Transformed Home on the Market – The New York Times

A Home with a Sports Complex Asks $16.8 Million – Wall Street Journal

Open Concept Dubai Penthouse Brings the Outside In – Mansion Global

For Sale: Beautiful Homes in San Diego County – The Week

Inside the D.C.-area’s Most Expensive Homes for Sale – The Washington Post

Point Piper, Sydney: A Purely Residential Suburb with Serious Views – Mansion Global

You Can Own One of Frank Lloyd Wright’s Final Homes for $2.75 Million – Dwell

Venture Capitalist Tom Perkins’ Bay Area Estate Seeks $16.5 Million – Wall Street Journal

Multi-million-pound Properties on the Market – MoneyWeek

Studio Space: A Flatiron Loft with an Artistic Vibe – Obsesrver

At a 118-Acre Colorado Property Complete with Polo Farm, Bigger is Better – Mansion Global

Score! Old-Timey Lawn Games Pop Up in High-End Homes – Wall Street Journal

House Hunting in… Belize – The New York Times

Want More Peace and Quiet? Move Into These 10 Secluded Spaces – Elle Decor

Sotheby’s London | Bowie/Collector Part I: Modern and Contemporary Art, Evening Auction – Sotheby’s International Realty

Sotheby’s HK to Hold Largest Auction of Sanyu’s Works on Paper this Autumn – Blouin ArtInfo

Sotheby’s London | Bowie/Collector Part I: Modern and Contemporary Art, Evening Auction

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On November 10th, Sotheby’s London will begin their Bowie/Collector series with Part I. Featuring the most important pieces from David Bowie’s Modern & Contemporary Art collection, these works will go under the hammer. At the center of the auction will be Bowie’s incredible collection of Modern & Post-War British Art, covering the entirety of the 20th century. With less than two months to go until the event, here are two pieces to be featured.

004l16142_6nrrn_slideshow_940x529Harold Gilman, Interior (Mrs Mounter), 1917. Estimate £150,000–250,000

005l16142_6nrry_slideshow_940x529Damien Hirst, Beautiful, shattering, slashing, violent, pinky, hacking, sphincter painting, 1995. Estimate £250,000–350,000

Follow the event and learn more here

Video of the Week: Tranquil Oceanfront Home in Kittery, Maine

$3,850,000 USD | Kittery, Maine | Anne Erwin Sotheby’s International Realty

From the rocky coast of Maine, inspiration and tranquility come easy. Featuring ocean vistas on nearly all sides, this exquisitely remodeled and expanded home takes full advantage of its incredible oceanfront location and neighboring open space. Like the transition of sea and sky from the outdoors in, graceful archways move you from room to room, shrouded in light and capturing the essence of Coastal Maine living. The large chef’s kitchen is something of a dream, sharing an open floor plan with a great room which is framed by broad expanses of glass. The ocean-side deck is perfect for summer evenings, while multiple fireplaces help warm the ocean breeze on the cooler nights. Intricate details throughout this home make it one to remember, such as the dark hardwood flooring, custom master bath with a window in the shower, handsome library/office, window seat breakfast nook and ornate crown molding. This unique property blurs the boundaries between the comfort of home and the bold and daring ocean.

New Development Spotlight | One Ocean – The Bahamas

Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network.

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One Ocean’s interiors are professionally designed with an alluring natural color palette inspired by tropical driftwood and powdery white sand, resulting in rooms that are luxurious yet calming, and elegant yet casual.

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Oversized windows pull in the endless array of blues and greens from brilliant ocean vistas and blur the lines between indoor and outdoor living. Each residence features meticulously chosen, top-of-the-line and bespoke Italian kitchens, elegantly appointed bathrooms and elevators that open directly into the units. One Ocean’s onsite amenities include a tranquil harbor-view pool and relaxation deck, fitness center, open-air lobby, concierge desk and secure underground parking and storage.

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Owners at One Ocean also have the option of joining the Ocean Club Golf Course as a Non-Resident member, which would provide access to the 18-hole Tom Weiskopf-designed Championship Golf Course, as well as access to the amenities at the nearby Atlantis Resort & Casino, including the Mandara Spa, tennis courts, and the 141-acre Aquaventure water park.

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Explore all of the New Developments available on sothebyrealty.com

Sotheby’s Institute of Art | Tips for Investing in Art Photography

Photography is bigger than ever—now you’ll find an ever-increasing array of fairs, exhibitions, auction sales and study options all dedicated to the medium. If you’re a collector new to photography, however, deciding what to buy can be daunting. From editioning to provenance, here are five things from the Sotheby’s Institute of Art to think about when buying photography as an investment.

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The photographer’s reputation

Like any work of art acquired in the hope of future returns, rather than simply for your own enjoyment, your primary consideration is the artist. Research them meticulously. A well-known photographer will have auction records, which you can track on sites such as Artnet orArtprice. In purchasing work by a newer name, you’re taking a gamble – but one that could pay off. A recent graduate’s work might not have sold on the secondary market yet but there are plenty of other ways to establish whether they’re on the cusp of success. Find out if they’ve featured in exhibitions and magazines or won awards. Is there a buzz around them? Anonymous vintage photography is popular right now and fun to buy, at street markets, yard sales or online, but —unless you’re lucky enough to stumble on the next Vivian Maier— a risky investment.

The image itself

First off, figure out which series, project or period the picture comes from. Is it a particularly significant set in relation to the photographer’s career, historically or in the development of photography? And within this, is it a key image? The answers to these questions, discovered through good old fashioned research, could well enhance (or diminish) its value. Next, ask: is it visually powerful? To determine this, you’ll need a great eye. If you’re serious about collecting photography, take the time to immerse yourself in pictures — in museums, in galleries, in books, online. In so doing you’ll fine-tune your instinctual understanding of what makes a strong image.

Size of the edition

An artwork is precious because it’s unique. A photographic print is a copy and, provided the original negative or digital file still exists, lots more copies can be made in future. This partly explains why the art world has in the past been wary of photography. Editioning gets around this by setting a limit how many prints will ever be produced of a particular photograph. Editions are designed to cultivate rarity so, as a rule, avoid big ones. With two hundred versions of your print out there in the world, you’re unlikely to see its worth increase astronomically. The number of the print’s place in the edition — from 1/10 to 10/10, say — will normally be included on it, along with the artist’s signature. Further up the edition, fewer prints are available, which can push up the price.

The print as an object

There’s more to a photograph than an image. The print is an object in its own right, sometimes of immense beauty. Beyond the obvious — what size is it? — explore which paper types and printing processes have been used. Are they high quality? Are they especially unusual or rare? Ask the auction specialist or dealer every question you can think of. Try to see a print in person to check it’s been well-looked after. The majority of contemporary digital prints are either c-type (laser) or giclée (inkjet) but historical photographs may have been made a number of interesting techniques. Analogue photography is back in vogue so even a very recent work might have been made in a darkroom by hand. Sometimes photographers alter the print’s surface — Julie Cockburn, for example, embroiders vintage photographs, rendering each one unique.

Provenance

The more evidence you can get hold of about a print’s history, the better. When was it made? Where was it printed? Who’s bought and sold it in the years since? Be aware that the sooner a print was made after the photograph was originally shot, the greater its value. A print was made posthumously it won’t be signed by the artist and this will have an adverse impact. Also, editioning has only been widely practiced since the 70s so an earlier print won’t be numbered but information about how many others exist should be included in paperwork together with other details about the print’s past when you purchase it from an auction house or dealer.

About Sotheby’s Institute of Art3rd

Sotheby’s Institute of Art is The Graduate School of Art and its Markets. Evolving from a small connoisseurship program started by Sotheby’s Auction House in 1969, Sotheby’s Institute is now the foremost leader in art business education and object-based learning. Its global faculty represent the best of almost every facet of the art world, helping students decipher and master the unique forces at play at the intersection of art and commerce.

With campuses in the cultural capitals of London, New York and Los Angeles, Sotheby’s Institute offers graduate level programs that have become more relevant than ever in an art world that is constantly seeking individuals with art historical scholarship and business acumen. Besides Master’s degrees, Sotheby’s Institute offers programs of study such as summer classes, 15-week semester courses, online learning and executive education. Sotheby’s Institute of Art’s programs provide the knowledge and credentials needed to achieve success in today’s worldwide art markets and cultural institutions.