Luxury Real Estate Headlines: Third Week in April 2015

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

2015_4_17_Denver_Colorado

$1 Million Homes in Washington, D.C., Denver and VermontThe New York Times

House of the Day: A New Jersey Home That Doubles As a ResortThe Wall Street Journal

Asia House of the Day: A Hong Kong High-Rise for EntertainingThe Wall Street Journal

On the Market: A 1773 farmhouse in the Lakes Region in Brookfield, New HampshireArchitectural Digest

On the Market: A glass-walled penthouse designed by Gwathmey Siegel Kaufman Architects in NYCArchitectural Digest

On the Market: A charming Greek Revival farmhouse near Woodstock Village in Pomfret, VermontArchitectural Digest

Guess Where The Hottest Housing Markets Are?CNN Money

Investing in Palm Beach PropertyDujour

Sotheby’s Offering a Rothko Once Owned by Bunny Mellon—The New York Times

A Video of Sotheby’s 2015 Designer ShowhouseArchitectural Digest

Beijing | Market Spotlight

Beijing¥43,000,000 CNY | Beijing, China | Beijing Sotheby’s International Realty

“Since our grand opening in October 2014, Beijing Sotheby’s International Realty has been attracting the attention of leaders in China’s luxury real estate industry. From top developers to leading real estate brokers, the power and global reach of the Sotheby’s International Realty brand is causing a paradigm shift with how homeowners list exclusive properties in Beijing. We are already starting to see increased interest by overseas buyers who see opportunity with the recent weakening of the Chinese economy and depreciation of the Yuan. Most recently, Beijing Sotheby’s International Realty secured exclusive representation for a traditional Courtyard Garden home or Siheyuan (“Four Sided Garden”), the historic symbol of old Beijing. With architectural roots that date back over 1,000 years, these ancient residences are being restored and selling for record prices. This 17,000 square foot historic home is fully updated with modern amenities, beautifully preserved ancient rosewood architecture and situated in the center of Beijing – just blocks from Beijing’s Palace Museum. The seller has listed this treasure exclusively with Beijing Sotheby’s International Realty for $79 million (USD).” – Yu Tao, Senior Manager, Beijing Sotheby’s International Realty

Magnificent Jewels at Sotheby’s New York

The 21 April sale of Magnificent Jewels in New York is led by a diamond unlike any offered before: an extraordinary 100-carat perfect diamond in a classic Emerald-cut that is estimated to sell for $19–25 million. At this impressive scale, diamonds of this exceptional quality – D color and Internally Flawless clarity – are incredibly rare, and are considered ‘perfect’. What distinguishes the present example within this rarefied league is its beautiful shape: it is the largest perfect diamond with a classic Emerald-cut ever to be offered at auction. The original rough – weighing over 200 carats – was mined by De Beers in southern Africa. The current owner spent over one year studying, cutting and polishing the rough diamond to deliver the spectacular stone.

Emerald Cut Diamond

Also showcased in this sale are pieces from a variety of makers that exemplify the Art Moderne movement. What these pieces have in common is their bold nature, their use of unexpected materials and their allusions to modern society. Art Moderne jewelers were not concerned with the intrinsic value of their work; they felt jewelry should be bold enough to command attention from afar yet personal enough to speak to the wearer of the jewel. Many designers represented in the Magnificent Jewels sale such as Gérard Sandoz, André Rivaud and Jean Després had families rooted in the jewelry industry. Many were also deeply connected to the art world, further fueling their desire and ability to transform jewelry design.

art-moderne-318 Karat Gold Bracelet, Jean Després, France. Estimate $75,000–85,000.

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18 Karat Gold and Lapis Lazuli Bracelet, Cartier, Paris. Estimate $7,000–9,000.

 

art-moderne-1

18 Karat Gold and Coral Brooch, Cartier, Paris. Estimate $25,000–35,000.

Luxury Real Estate Headlines: Second Week in April 2015

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

2015_04_10_Brooklyn NY

$32,000,000 USD | Brooklyn, New York | Sotheby’s International Realty – Downtown Manhattan Brokerage

The apartment is a combination of no less than nine units spanning the 10th, 11th and 12th floors of the waterfront condo One Brooklyn Bridge Park. The apartment also has a 3,500-bottle wine room off the dining room, a gym with a rock-climbing wall and a screening room, as well as two deeded parking spaces downstairs. The home has views of the Statue of Liberty and the Brooklyn Bridge and as far as midtown Manhattan.”

Brooklyn’s Priciest Condo Listed for $32 MillionThe Wall Street Journal

Sotheby’s International Realty brings listings to life on new Web site with videos, visualsLuxury Daily

On the Market: An elegant Greek Revival manse in the Philadelphia suburbsArchitectural Digest

On the Market: A midcentury-modern home in Frank Lloyd Wright’s UsoniaArchitectural Digest

On the Market: A 19th-century brownstone in the Landmark DistrictArchitectural Digest

On the Market: A 1773 farmhouse in the Lakes Region in Brookfield, New HampshireArchitectural Digest

Homes With ‘Grandfather’ ClausesThe Wall Street Journal

Canada’s luxury home market driven by baby boom generationCBC News

The Hottest 20 Housing Markets To Watch This SpringHousingWire

Sotheby’s International Realty Brand Expands Presence into MauritiusSotheby’s International Realty Affiliates LLC

See Designer Eric Cohler Pull Together a Charming Family RoomArchitectural Digest

Sotheby’s International Realty Brand Expands Presence into Mauritius

Mauritius_beachSotheby’s International Realty Affiliates LLC today announced that Espral International Ltd, a land and property development company in Mauritius, has joined its luxury real estate network and will now do business as Mauritius Sotheby’s International Realty.

The firm, which is represented by Gilbert Espitalier-Noel as chief executive officer, will be managed by Diane Watkins and Timo Geldenhuys and serve the high-end real estate market throughout Mauritius.

“Our expansion into Mauritius continues our commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in key countries around the world,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “Mauritius is a beautiful island nation in the Indian Ocean off the southeast coast of the African continent. Known for its blue seas, white sandy beaches and luxury hotels, the island is also home to significant luxury real estate offering a truly unique lifestyle.  We are proud to have this team of professionals represent us in this fine market. ”

According to Geldenhuys, Mauritius is a relatively small market with a very distinct seperation between local and international buyers. “International buyers are only allowed to purchase in dedicated government approved developments and hence the local market prices are not inflated by international investment,” he said.  “Cultural diversity within the local market demands the abilities of a skilled agent.”

“We boast a young and dynamic team, driven by passion and excellence, with a culture that favors communication and discussion,” said Watkins.  “We have an in-depth knowledge of the local market and our products. We believe the client always comes first and we go the extra mile to assist in finding the best fit for their needs.Now with the support of the Sotheby’s International Realty brand we can bring our extraordinary properties to the far-reaching corners of the world.”

The Sotheby’s International Realty network currently has more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide.  Mauritius Sotheby’s International Realty listings are 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 their 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.

2015 Sotheby’s Showhouse | AD 100 Designed Homes

This week, Sotheby’s, along with Sotheby’s International Realty and Architectural Digest, will present its second annual Designer Showhouse, where 14 interior designers will each design a room using a diverse selection of fine and decorative art in one of Sotheby’s museum quality gallery spaces.

In celebration of the event, Sotheby’s International Realty is proud to present a curated collection of extraordinary residences for sale designed by members of Architectural Digest’s prestigious AD100, its annual ranking of the world’s preeminent architects and designers. Rarely offered for sale, homes designed by members of the exclusive AD100 offer the opportunity to live in an extraordinary space designed by the men and women who are shaping the way we live—one building, one house, one room at a time.

42mil Central Park West NYC$42,000,000 USD | Central Park West, Manhattan, New York

Shelton, Mindel & Associates — listed numerous times by Architectural Digest’s AD100 — brought their refined sensibilities to the recent renovation of this rare five-bedroom home in one of Manhattan’s finest prewar buildings.

Greenwich Connecticut$27,895,000 USD | Conyers Farm, Greenwich, Connecticut

At the heart of this 30.97-acre compound is a sophisticated country estate designed by the influential Alan Wanzenberg, who was included on Architectural Digest’s 2014 AD100 list of the world’s best interior designers and architects.

Egypt Lane East Hampton NY$13,900,000 USD | Egypt Lane, East Hampton, New York

Architect Alexander Gorlin, recognized on Architectural Digest’s AD100 every year since 2000, is recognized for splendid private residences such as this one. The main house of this East Hampton compound has an open layout of enchanting rooms leading to broad verandas and beautifully landscaped grounds.

Sotheby’s Designer Showhouse is open to the public this Saturday, April 11th through Sunday, April 19th on the fifth floor exhibition space of the Manhattan headquarters located at 1334 York Avenue.

New and Notable Luxury Properties for Sale | March 2015

From the California home of former president Richard M. Nixon, to a sprawling apartment overlooking the Dubai Marina, this month’s collection of exceptional properties for sale showcases exquisite lifestyles from around the globe.

California$75,000,000 USD | San Clemente, California | HOM Sotheby’s International Realty

California-La Casa Pacifica, originally known as the Cotton Estate, holds a prominent place in California history. Hamilton H. Cotton reserved San Clemente’s finest oceanfront parcel for his own estate. His vision was to model his home after an Andalusian-themed manor he had seen in San Sebastian, Spain. The Cotton Estate gained national prominence when, in 1927, it was featured in Architectural Digest. In 1970, the home would again appear in the magazine, this time featured as the cover photo and described as “The Western White House,” highlighting the importance of its second owner, then-President Richard M. Nixon.

New York$19,995,000 USD | Wainscott, New York | Sotheby’s International Realty- East Hampton Brokerage

New York- With interior finishes by noted design firm, Haynes-Roberts, this seven bedroom, seven bathroom home in New York, sits on two gated acres with views over an agricultural reserve to ocean. The home features a library, screening room and Ed Hollander designed grounds with heated 75 ft saline pool, gym and garage.

France15.800.000 € EUR | Saint James, France | Paris Ouest Sotheby’s International Realty

France- This eight bedroom Art Deco mansion has plenty of entertaining space and sits on a private street. An open layout plan lends to spacious reception and dining areas with large windows taking in the views. The home also features a gym, swimming pool and a sprawling outdoor terrace.

Dubai55,000,000 AED | Dubai, UAE | Dubai Sotheby’s International Realty

Dubai- Comprising an entire floor in the Elite Residence Tower, this apartment has unrivaled views of the Palm Jumeriah and Dubai Marina. Six bedrooms and en-suites,various offices and gym rooms are sprawled across this spacious 12,469 square foot living space allowing for ultimate luxury and privacy. The home also features an indoor swimming pool and plenty of terrace space to enjoy the views and relax.

View Newly Listed Luxury Properties for Sale >

Luxury Real Estate Headlines: First Week in April 2015

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

2015_04_04_Australia$27,700,000 USD | New South Wales, Australia | Sydney Sotheby’s International Realty

Homes: What $25 million buys around the worldCNN Money

House hunting: 6 homes in the foothillsThe Week

On the Market: A contemporary manse overlooking the Tennessee River ValleyArchitectural Digest

House of the Day: An Artist’s Manhattan Apartment of ‘Wonders’The Wall Street Journal

On the Market: A charming Victorian overlooking Kennesaw MountainArchitectural Digest

$1,695,000 Homes in California, Arizona and GeorgiaThe New York Times

Nixon’s Western White House Is Listed for $75 MillionThe Wall Street Journal

Miami Beach Penthouse With Pool Lists for $33 MillionThe Wall Street Journal

Immerse yourself in the NEW sir.comSotheby’s International Realty Affiliates LLC

Sotheby’s International Realty Brand Enters Portland, Oregon, and Vancouver, WashingtonSotheby’s International Realty Affiliates LLC

Sotheby’s International Realty Brand Welcomes Virginia FirmSotheby’s International Realty Affiliates LLC

Sotheby’s to Auction 6 More Monet Paintings—The Wall Street Journal

Sotheby’s to Auction Haute Couture—WWD

Sotheby’s International Realty Brand Enters Portland, Oregon, and Vancouver, Washington

First Thursday Art Walk, Portland, OregonSotheby’s International Realty Affiliates LLC today announced that its affiliate in Oregon, Cascade Sotheby’s International Realty, has expanded its residential brokerage operations to now serve two new markets:  Portland, Oregon, and Vancouver, Washington.

Cascade Sotheby’s International Realty joined the Sotheby’s International Realty® brand in 2006 and is owned by Deb Tebbs.  The firm now has six offices serving Bend, Sisters, Sunriver and Portland, Oregon, and Vancouver, Washington.

“Deb Tebbs and her team have been great stewards of our brand for nearly a decade,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “We are proud to have the brand represented in the Portland and Vancouver markets through their leadership and market knowledge.”

According to Tebbs, her firm is committed to providing clients with quality, worldwide exposure.  “We specialize not only in residential property but also fine farm and ranch and vineyard properties,” she said.  “We are pleased to continue to grow with the Sotheby’s International Realty brand.”

The Sotheby’s International Realty network currently has more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide.  Cascade Sotheby’s International Realty listings are 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 their 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.

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Immerse yourself in the NEW sir.com

It's Live_Capture

Sotheby’s International Realty Affiliates LLC today announced the launch of its newly redesigned website, sir.com, which was built to showcase its network’s listings in an immersive and visual way that is unique to the industry.

“The new sir.com was created to tell the story of a home in a more editorial way, not the commoditized approach that can often be found in our industry,” said Wendy Purvey, chief marketing officer, Sotheby’s International Realty Affiliates LLC.  “We believe the art of marketing a home is based on showcasing its soul, so every aspect of the new site works toward this goal.”

The design changes include an increased focus on full-screen, high-definition video throughout the site, from the homepage to property detail pages, to allow for a more immersive consumer experience.  High-resolution photography also plays a more prominent role.  The property detail pages feature: slideshows that tell a home’s story via the captions, custom video, location overviews that provide insight into the local area via video and text, and a seller or expert quote that offers a personal view of the property.

Consumers still can search for a home based on lifestyle and amenity but now have the ability to sort their results by various home features including pools, kitchens and views, and compare visual images of that feature among their search results.

“At the foundation of the Sotheby’s International Realty brand is our focus on lifestyle,” said John Passerini, vice president of interactive marketing for the brand.  “Our lifestyle search is more visual, and our focus on video and photography allows our affiliates to showcase the various lifestyles a home offers that cannot be properly articulated in words only.  Our fully responsive site works on any mobile device and allows our network members to do what we believe they do best: uniquely showcase extraordinary homes around the world anytime, anywhere and in any language.”

Discover how searching for your new home is redefined on the NEW sir.com: