Concierge Auctions Announces That Bidding Is Closed And A Sale Is Pending For The Bridle Path Estate In Toronto, Canada

Influenced by Louis XIV and the Palladian styles of Europe, the 2.4-Acre estate went under contract to the highest bidder in cooperation with Re/Max Realtron Realty

TORONTO, Nov. 27, 2013 /CNW/ - Concierge Auctions is pleased to announce the pending sale of the Bridle Path Estate, a luxury Toronto home featuring eight bedrooms, fourteen bathrooms, a grand ballroom, a theater, indoor and outdoor pools and a tennis court. When closed, the sale will mark the highest price in the greater Toronto area in over two years. Recently designed by architect Jacques Dinel of Dinel Design and situated in the famed Bridle Path area of Toronto, the home went under contract after a live auction in cooperation with Barry Cohen of Re/Max Realtron Realty.

(Photo: http://photos.prnewswire.com/prnh/20131127/NY25225 )

"Initially, I was skeptical of the auction process because it is not something we see much in the Canadian market. But I am now definitely one of the converted," stated Cohen, "It's not that the Canadian mentality isn't ready to embrace the auction process, it just that our market has not yet been exposed and educated about it. Concierge Auctions has it down right. Their reach is incredible, their follow-up is second to none, and their marketing materials are nothing less than awesome. I would highly recommend them to anyone looking into this option."

Concierge Auctions' global marketing campaign generated over 10,000 website visits from 114 countries (led by the US, Canada, UK and France). A total of 1,053 prospects were identified, and five bidders participated in the sale.

The exterior of the Bridle Path Estate features custom-designed cartouches, friezes, emblems, two-story fluted pilasters with projecting Corinthian capitals, ornate brackets and laurel leaf corbels. Elaborate rosette coffers adorn the front portico ceiling, and substantial, 30-foot-tall Corinthian columns support the canopy.

The master bedroom features double doors flanked by two Ionian columns, a fireplace, elegant plaster ceiling, and French doors to a private balcony. The master bathroom includes heated onyx floors, roughed in steam showers and a sunken Ultra whirlpool tub with marble surround. The four additional bedrooms, lower guest suite and nanny quarters, and separate above-grade in-laws suite all boast luxurious amenities. The home also includes an impressive office suite, a billiards room, a theatre and an indoor swimming pool.

"It is exciting to strengthen our international presence by achieving a record price for our first Canadian auction," stated Laura Brady, Managing Director of Concierge Auctions. "With the recent opening of our London office and our successful auction of Rai Ki Wai in Fiji, we are continuing to prove that our method is not only the most effective in the United States, but is a smart choice for selling luxury real estate in the most premier locations worldwide."

Concierge Auctions has upcoming luxury property auctions scheduled in Highland Park, IL, Maui, HI, Chattanooga, TN and Dallas, TX, and many more across the nation are already planned for the fall and winter. If you or someone you know is interested in buying or selling a remarkable luxury property through Concierge Auctions, call 888.966.4759 or visit ConciergeAuctions.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $500 million in properties since its founding in 2008. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE: Concierge Auctions

For further information:

Lauren Hovey, Tel: 212-843-8392, Email: lhovey@rubensteinpr.com, Rubenstein Public Relations

http://www.conciergeauctions.com

http://photos.prnewswire.com/prnh/20131127/NY25225

PRN Photo Desk, photodesk@prnewswire.com

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