Luxury Real Estate Headlines: Second Week in June 2017

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

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$2,375,000 USD | Princeton, New Jersey | Callaway Henderson Sotheby’s International Realty

“…[Moses] Pyne’s 1901 Neo-Tudor country house, Rockwood Dairy, was spared no expense, and these intricate details are still seen throughout the home.”

A 19th-Century Princeton Home with Original Details Throughout – Mansion Global

Onetime Los Angeles Home of Groucho Marx Lists – Wall Street Journal

Frank Lloyd Wright’s 150th Birthday: 5 Mid-Century Modern Homes for Sale – Robb Report

A 16th-Century Florence-Area Villa that May Have Been Designed by Michelangelo – Mansion Global

Three Gorgeous Waterfront Estates for Sale – Galerie

1925 Mediterranean-Style House Above the Sunset Strip Seeks $2.3M – Curbed

Six Homes in Remote Places for Buyers Seeking Maximum Privacy – Financial Times

An 18th-Century Irish Home Set on 31 Verdant Acres – Mansion Global

English Tudor Revival Pours on the Ambience in Altadena – Los Angeles Times

Buying a Second House Just Got Easier – Architectural Digest

Melbourne’s ‘Rock Solid’ Suburb of Toorak Has Been Desirable for Over 100 Years – Mansion Global

10 Gorgeous Homes That Get Luxe Mountain Living Right – Elle Decor

Diamond Ring Purchased for $13 as Costume Jewelry Sells for $848K – CNN

Sotheby’s to Auction Santiago Barberi Gonzalez’s New York Estate – WWD

Happy St. Patrick’s Day

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In many parts of the world, March 17 marks the celebration of St. Patrick’s Day; a holiday with roots in Ireland, let’s visit some homes and explore the culture and history of the Irish holiday with David Ashmore, owner, Ireland Sotheby’s International Realty.

28.000.000 € EUR | Roundwood, Ireland | Ireland Sotheby’s International Realty

For a comparatively small country, Ireland has made a disproportionate contribution to world literature, music and comedy. It’s also true to say that on March 17, everyone’s a little Irish. Even though St. Patrick’s Day is only a public holiday in a handful of places, “Irishness” is celebrated around the world.

Dublin14.500.000 € EUR | Dublin, Ireland | Ireland Sotheby’s International Realty

Every St. Patrick’s Day around the world, people dress up in green, attend parades and celebrations and raise a pint of Guinness to the patron saint of Ireland, St. Patrick. Celebrating the feast of Ireland’s patron saint goes back a long time, to the 5th century. Nowadays, it’s more of a party for St. Patrick, as this religious and cultural festival is celebrated around the country with festivals, parades, fireworks, pints and plenty of green.

Dublin21.800.000 € EUR | Dublin, Ireland | Ireland Sotheby’s International Realty

Historically, the day commemorated St Patrick and the arrival of Christianity in Ireland. In medieval times, the Irish would celebrate the Feast of St. Patrick with a pilgrimage to a sacred place (usually a holy well or chapel) and a mass or prayers held on the holy location. This was followed with festivals involving food, music, dancing and games. Today, St. Patrick’s Day highlights Irish heritage and culture; across Ireland, different regions and towns have their own unique ways to celebrate one of Ireland’s biggest holidays.

Puckane2.350.000 € EUR | Puckane, Ireland | Ireland Sotheby’s International Realty

Ireland’s capital city [Dublin] is home to the biggest St. Patrick’s Day celebration in the country. Hundreds of thousands of people take to the streets, decked out in wild and fantastical costumes, to celebrate with an extravagant four-day festival. Dublin hosts an elaborate parade, themed events, a treasure hunt through the city, street performers, guided pub crawls and an awe-inspiring firework show over the River Liffey.

Channel your inner “Irish Spirit” with these 10 Facts about St. Patrick’s Day

  1. St. Patrick was not Irish. He was from Wales. pub-2058083_1280
  2. The humble shamrock was originally a teaching tool. St. Patrick is said to have used the three-leaved plant to explain the Holy Trinity (Father, Son, and Holy Spirit) to the pagan Irish.
  3. The first St. Patrick’s Day parade took place in New York in the 1760s.
  4. For many years, blue was the colour most often associated with St. Patrick. Green was considered unlucky. St. Patrick’s blue was considered symbolic of Ireland for many centuries and the Irish Presidential Standard is still blue.
  5. For many years, Dripsey in County Cork had the world’s shortest parade, just 77 feet, the distance between two pubs – The Weigh Inn and The Lee Valley. Currently, the town of Hot Springs, Arizona claims to have the shortest parade – a 98 foot route on Bridge Street.
  6. In 2010, the Sydney Opera House went green to mark the 200th anniversary of St. Patrick’s Day there. In Sydney, St Patrick’s Day was first marked in 1810, when Lachlan Macquarie, the Governor of New South Wales, provided entertainment for Irish convict workers.
  7. Irish flee the country. In Ireland on March 17 you’ll find many public figures, musicians, and dancers have travelled abroad to work on lucrative gigs elsewhere.
  8. In Chicago every year, the Plumbers Local 110 union dyes the river “Kelly” green. The dye lasts for about five hours.
  9. Traditionally, every year, the Irish leader hands a crystal bowl full of shamrock to the US President. The shamrock, grown in Kerry, is immediately destroyed by the Secret Service after the exchange.
  10. Guinness sales soar on St. Patrick’s Day. Recent figures show that 5.5 million pints of the famous stout are downed around the world every day. On St. Patrick’s Day that figure is doubled.

Ireland_SocialMediaThis guest blog was provided by David Ashmore, owner, Ireland Sotheby’s International Realty

Luxury Real Estate Headlines: Last Week in February 2017

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

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$6,795,000 USD | Georgetown, Washington, District of Columbia | TTR Sotheby’s International Realty

“Having spent more than a century as a church building, this circa 1810 Italianate-style home in Georgetown is once again a private residence.”

A Former Church Building in Georgetown is a  Private Home Once Again – Washington Post

Mediterranean-Style Mansion Near the Mountains – Wall Street Journal

$29.9 Million Florida Home will Transport You to ‘Star Trek’ – Mansion Global

Sotheby’s International Realty Brand Expands Presence in Dominican Republic – Sotheby’s International Realty

Expanded Traditional Home in Bel-Air Builds on ’30s Roots – Los Angeles Times

Country Homes with Falling Water – Wall Street Journal

Oscar-worthy: Five Properties with Links to the Movies – Financial Times

6 Spectacular Homes for Skiers – The Week

Rocker Pat Benatar Sells Maui Hideaway – Wall Street Journal

Off with a Bang? L.A. County Sees Two Sales of $30 Million or More in Early February – Los Angeles Times

Market Spotlight: Toronto – Mansion Global

Monaco to London: How Far Will $1M Go When Buying Prime Property? – Financial Times

House Hunting in… Lisbon – The New York Times

The Coolest Eco-Friendly Homes on the Market Right Now – Elle Decor

Sotheby’s Launches Virtual Reality Surrealist Paintings – The Telegraph

Luxury Real Estate Headlines: First Week in February 2017

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

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€28.000.000 EUR | Roundwood, Leinster, Ireland | Ireland Sotheby’s International Realty

“‘Luggala,’ an 18th century ‘gothick’ hunting lodge that overlooks a lake in the Irish wilds, isn’t exactly a hidden gem. Long a home for heirs to the Guinness beer fortune, the castle, which is tucked into valley, boasts battlements, crenellations, and quatrefoil windows and was featured in numerous glossy home-design book.”

How to Live Like Royalty in Four European Countries – Bloomberg

Five Homes for Opera Lovers – Financial Times

In Turks & Caicos, A Seaside Retreat with 1,400 Feet of Water Frontage – Mansion Global

$1,900,000 Homes in California, Colorado and Pennsylvania – The New York Times

Vintage Craftsman Interiors Get an Update in Pasadena – Los Angeles Times

An Italian Wine Estate with a Medieval Castle and Hunting Reserve – Mansion Global

This $5 Million Desert Mansion Comes with Built-In Art – Bloomberg

For Sale: 6 Homes with Incredible Views – The Week

A French Norman-Style Manor Once Home to a Campbell Soup Heir – Mansion Global

Contemporary Cow Hollow Home Seeks $7.5 Million – Curbed San Francisco 

Self-Sufficient Boltholes Tempt Global Super-Rich to New Zealand – Financial Times

University Park, Considered an ‘Inner Suburb,’ is Still Plenty Bustling – Mansion Global 

Houston, Texas: Influx of Youth Helps Property Market Bounce Back – Financial Times

RM Sotheby’s Offers 1928 Bentley 4 1/2-Liter at Amelia Island Auction, Estimate $6.5 to $7.5 Million – Forbes

Luxury Real Estate Headlines: Last Week in January 2017

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

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$1,490,000 USD | Charlotte, North Carolina | Premier Sotheby’s International Realty

” On the market for $1.5 million, the residence spans more than 9,000 square feet and includes five bedrooms, six baths, and one half bath.”

Larry Johnson’s Former North Carolina Home is on the Market for $1.5 Million – Architectural Digest

Guinness Heir Asks $30 Million for Historic Irish Manor – Wall Street Journal

The 25 Most Expensive Homes for Sale in the U.S. Right Now – Curbed

Baseball Star Ted Williams’s Longtime Home Seeks $4.2 Million – Wall Street Journal

Hot Property: Postcard Vistas Await in Bespoke Nob Hill Townhome – SF Gate

Midcentury Hilltop Jewel Box with Lake Views asks $800K – Curbed

Properties for Putters – Wall Street Journal

A New Seaside Dubai Villa that Pays Homage to Traditional Arabic Architecture – Mansion Global

House Hunting in… Los Cabos, Mexico – The New York Times

Homeowners’ Quest for the Best Schools – Wall Street Journal

Manhattan Buyers Showing Increased Interest in Condos Over Co-Ops – Mansion Global

Piermont, N.Y.: A Small Place with Outsize Appeal – The New York Times

Real Estate Agents Roll Out the Red Carpet for Chinese New Year – News.com.au

Bermuda Luxury Home Prices Fell 25% in 2016 – Mansion Global

Auction Preview: Sotheby’s Fine Jewels, New York, Feb 1 – Blouin ArtInfo

Luxury Real Estate Headlines: First Week in January 2017

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

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$15,200,000 USD | Sedona, Arizona | Russ Lyon Sotheby’s International Realty

“Once owned by the Wrigley family, this oasis in the West is now on the market for $15.2 million. The property spans a massive 173 acres and partially borders a National Forest that cannot be developed, making it the perfect untouched retreat.”

The Wrigley Family Once Owned this $15.2 Million Ranch – Architectural Digest

A Compound Fit for a Cowboy – Wall Street Journal

Restored House in Los Feliz Embraces its Modernist Roots – Los Angeles Times

A Modern Irish House that Feels Victorian – Mansion Global

The His-and-Hers Kitchen – Wall Street Journal

House Hunting in… Aruba – The New York Times

Massive Colorado Mountain Ranch with Everything You Need Asks $28.5 Million – Curbed

‘Vampire Slayer’ Star Alyson Hannigan Settles on Contemporary Lair in Encino – Los Angeles Times

A Mediterranean-Style Villa in Larchmont, N.Y. – Wall Street Journal

In Midrand, a Suburb of Johannesburg, Equestrian Estates Reign Supreme – Mansion Global

Year’s First Big Home Sale: $4.9 Million in Winnetka – Crain’s Chicago Business

House Hunting in… Montevideo, Uruguay – The New York Times

Sotheby’s Institute of Art | Good Design is Everywhere – Sotheby’s International Realty

For last week’s Real Estate Headlines, click here.

Video of the Week: The Elegant Forgefield House in Kildare, Ireland

950.000 € EUR | Kildare, Ireland | Ireland Sotheby’s International Realty

Forgefield House, Kilkea is an elegant Victorian style house set on almost two acres of land, designed with some wonderful modern features. It is positioned in the quaint village of Kilkea, Co. Kildare, almost opposite the main gate to Kilkea Castle, alleged to be the oldest continuously occupied castle in Ireland since its construction in around 1160.

Luxury Living | Happy Halloween

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While primarily an American holiday in the way it’s celebrated, Halloween has spread over the globe and has been adopted by many cultures in many countries. One of the most popular traditions of the holiday is to celebrate all things that go, “bump in the night,” so with that, join us on a journey around the world  as we discover homes in places associated with some classic tales.

Baltimore, Maryland

Home of Edgar Allen Poe

Famous for The Raven, The Tell-Tale Heart, The Fall of the House of Usher and many other chilling short stories and poems, Poe lived his entire life in Baltimore. His stories have been adapted for film and TV countless times including memorable vignettes on The Simpsons annual Halloween special. He was also the inspiration for the city’s NFL team (the Ravens) when they moved in a little over 20 years ago.

baltimore$4,600,000 USD | Baltimore, Maryland | Monument Sotheby’s International Realty

London, England

Home of Mary Shelley

The mother of some of horror’s most iconic characters, Mary Shelley penned Frankenstein in 1822 and gave generations of audiences Doctor Victor Frankenstein and his titular Monster. The story inspired dozens of film adaptations dating back to the advent of the modern cinema and helped launch the career of the legendary Boris Karloff as one of the original Universal Studios monsters.

england£6,995,000 GBP | London, England | United Kingdom Sotheby’s International Realty

Tokyo, Japan

Home of Koji Suzuki

Koji Suzuki’s Ring (Ringu) series was instrumental in introducing international audiences to the J-Horror sub-genre and inspiring 2002’s American film, The Ring, by Gore Verbinski. In the wake of its success, The Ring opened viewers up to a steady stream of terrifying J-Horror stories for many years to come. It will be reimagined for the screen again in 2017.

japan¥250,000,000 JPY | Tokyo, Japan | List Sotheby’s International Realty

Dublin, Ireland

Home of Bram Stoker

Bram Stoker was born in Dublin in 1847. Originally published in 1897, his most famous work, Dracula took the world by storm and brought vampires out of the shadows and into our homes. Count Dracula has since become a household name and continues to be, nearly 120 years later, one of the most famous and frightening monsters of all time.

dublin5.000.000 € EUR | Dublin, Ireland | Ireland Sotheby’s International Realty

New Orleans, Louisiana

Home of Anne Rice

Author of the renowned Vampire Chronicles, Anne Rice adapted the concept of vampires for a modern audience. Lestat, one of the vampires at the center of Rice’s stories, was portrayed by Tom Cruise in 1994’s Oscar-nominated film version of Interview with a Vampire alongside Brad Pitt and Kirstin Dunst.

new-orleans$1,683,000 USD | New Orleans, Louisiana | Dorian Bennet Sotheby’s International Realty

Mexico

Home of Día de los Muertos (Day of the Dead)

Our journey ends in Mexico with the Day of the Dead celebration on November 1st. While there is no specific author tied to this particular celebration, images of “sugar skulls” and deeply-rooted practices of honoring deceased family and friends on the Day of the Dead has been featured in numerous stories across both print and film. Disney’s Pixar Studios will be bringing the holiday to life in their upcoming 2017 film, Coco.

mexico$3,800,000 USD | Nayarit, Mexico | Guadalajara Sotheby’s International Realty

Discover more on sothebysrealty.com

Luxury Real Estate Headlines: First Week in March 2016

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

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$25,000,000 USD | Providenciales, Turks and Caicos Islands | Turks & Caicos Sotheby’s International Realty

“This is an architecturally interesting property, with quirky (but cool) timber ceiling reveals and multi-level decks and pools adding depth to a mind boggling residence. There is of course a private jetty, exquisitely tiled bathrooms, and bedrooms with wide open doors that offer dreamy views and sleep inducing breezes.” 

The Caribbean Luxury Property Stakes New Contender – News.com.au

Listing of the Day: A Spacious, Modern Ski Retreat in Park City – Mansion Global

Sotheby’s International Realty Expands Luxury Brand Presence into Ireland – Sotheby’s International Realty

Five High-end Homes for Sale on Islands – Financial Times

Luxury Listing: Panoramic Views at the Country Club – Inman

Home of the Week: An Old Hollywood Classic in Los Feliz – Los Angeles Times

$3,000,000 Homes in Massachusetts, Wyoming and Georgia – The New York Times

Hawaiian Haven: Why Buyers Seeking Peace and Privacy Choose Maui – Financial Times

Three Multimillion-dollar Gilded Age Estates for Sale in the Midwest – Forbes

Joy Behar Asking $3.8M for Her East Hampton Property – Curbed Hamptons

Listing of the Day: A Country Home with Private Lakes and Endless Potential – Mansion Global

San Diego Chargers Lineman Orlando Franklin Lists his Poway Home for Sale – Los Angeles Times

Venice: Is the Sinking City a Rising Market for Homebuyers? – Financial Times

Duchess of Devonshire’s Personal Collection Sells for £1.8m at Sotheby’s Auction – Yorkshire Post

Sotheby’s International Realty® Network Reports Significant Gains for 2015

FL$159,000,000 USD | Hillsboro Beach, Florida | ONE Sotheby’s International Realty

Sotheby’s International Realty Affiliates LLC today reported that in 2015 its affiliated brokers and sales professionals achieved approximately $80 billion in U.S. home sales volume (transaction sides multiplied by average sale price). Driven largely by a brand record of over 100,000 total transaction sides, this is the highest annual sales volume performance in the history of the brand and marks a 13% increase from the prior year.                                                      

Global Growth

The Sotheby’s International Realty brand also reported growth in its global network, which now encompasses 63 countries and territories worldwide. At year-end, the network totaled 835 offices, a gain of nearly 10%, and more than 18,000 sales associates, up 14%.

“2015 was a record year for domestic franchise sales for the Sotheby’s International Realty brand,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “This year alone, we have also added 12 international, independently owned and operated affiliate brokerage locations to our global network, which will drive accessibility to the increasing level of international buyers in key luxury markets.”

AUSPrice Upon Request | Queensland, Australia | Queensland Sotheby’s International Realty

Outside the United States, the Sotheby’s International Realty brand continued to expand into key markets in 2015.  The entire Gulf Region is poised for significant growth as the brand’s affiliate brokerage in the region, Gulf Sotheby’s International Realty, acquired the rights to deliver real estate services in Bahrain, Kuwait, Oman, Saudi Arabia and Qatar.  The brand saw continued growth entering the countries of Andorra, Chile, Finland, Ireland, The Netherlands, and Nicaragua, while expanding its presence in Italy, Queensland, Australia and in Buenos Aires, Argentina.

VA$7,950,000 USD | Charlottesville, Virginia | Frank Hardy Sotheby’s International Realty

The Sotheby’s International Realty brand also added five independently owned and operated residential real estate firms and 73 new offices to its network across the United States. This past year witnessed continued growth by existing affiliate companies through mergers, acquisitions and recruiting.  Notable transactions included the coming together of three companies in Vermont and New Hampshire that resulted in one of the largest operators in those states under the Four Seasons Sotheby’s International Realty banner, and the acquisition of South Bay Brokers in Manhattan Beach by Vista Sotheby’s International Realty.  Several key open markets were also filled, namely: Baltimore, Md.; Block Island, R.I.; Charlottesville, Va. and Portland, Ore.

Last year The Wall Street Journal/REAL TrendsTop Thousand” ranked agents based on average sales price, recognizing the success of agents that specialize in the luxury real estate segment. The Sotheby’s International Realty brand had 75 of the top 250 (30%) individuals by average sales price. This achievement is reflective of the success of our efforts to further establish the brand as the voice of luxury.

In 2016 and for the ninth year in a row, the Sotheby’s International Realty brand won Franchise Business Review’s Best in Category for Real Estate Franchisee Satisfaction award.  In addition to its real estate ranking, the brand also came in fourth in the overall top 50, and second among the Top 50 “Systems with 250 or more units,” which is a ranking of all franchise systems across all categories with more than 250 locations.

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The Sotheby’s International Realty brand hosted several international networking events throughout the year exemplifying its truly global reach. An event in Rome brought together 27 affiliated companies from 19 countries within the European, Middle Eastern and African region while another event in Rancho Palos Verdes, California had representation from over 113 affiliated companies worldwide.  “Our international footprint is the cornerstone of our global esteem and our events around the world serve as a platform for our network to work together while developing relationships to increase referrals and share best practices on the exclusive line of Sotheby’s International Realty products to better serve their clients’ needs and meet their business goals,” said White.

Marketing

From a marketing perspective, the brand’s 2015 campaign delivered more than 1.2 billion impressions.  At the core of the Sotheby’s International Realty 2015 strategy was its relationships with pre-eminent media powerhouses in both print and online arenas to showcase unique properties from the brand’s worldwide network including: The New York Times, The Wall Street Journal, Architectural Digest, Bloomberg, Financial Times and as the exclusive real estate partner for Dwell.com.

Sothebys Realty at NYSE

To mark the 40th year of Sotheby’s International Realty in the luxury residential real estate brokerage business, Philip White and Wendy Purvey, chief marketing officer, were joined by honorary guests of the Sotheby’s International Realty brand to ring the Closing Bell at the New York Stock Exchange on December 29, 2015. Additionally, the brand was featured with prime placement on the New York Stock Exchange video banner in Times Square. Running the entire month of December, the video was shown 15 times per day, reaching over 1.6 million daily visitors to Times Square and highlighted the brand’s lifestyle focus and drove viewers to sothebysrealty.com for more information.

Finally, the Sotheby’s International Realty brand’s website, sothebysrealty.com, was re-launched in 2015 to provide a fully immersive, responsive, video-based experience with unique content. With a focus on creating the best possible user experience, the new sothebysrealty.com continues the brand’s tradition of revolutionizing luxury real estate in the digital space. Last year the site saw the most traffic in its history with 14 million visits, a 30% increase year over year. The new Sotheby’s International Realty, website was recognized by the Web Marketing Association with the “2015 Outstanding Website WebAward” and by W3 with the “2015 W3 Gold Award.”

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, each brokerage firm and its clients 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.