NEWS

WIRES

OTHER

Reserve Lifted for December 10th Auction of Jackson Hole, Wyoming Luxury Log Residence To Be Conducted By Concierge in Cooperation With Jackson Hole Sotheby's International Realty

JACKSON HOLE, Wyo., Dec. 8, 2011 /PRNewswire/ -- A premier log residence surrounded on three sides by Grand Teton National Park with unobstructed mountain views and endless outdoor activities, will sell to the highest bidder without reserve during a live auction on December 10th, Concierge Auctions has announced. Originally listed for $16 million, the Bighorn Lodge sale will be conducted in cooperation with the Spackmans of Jackson Hole Sotheby's International Realty.

"I understand the value of the Lodge is not necessarily what it cost to build, or the listing price that was previously asked, but rather what a buyer is willing to pay for it," stated Bronko Terkovich, the builder and seller. "The purpose of an auction is to identify market value, and I am now fully committed to naming the new owner and moving on."

Considered by many to be the most beautiful log home in Jackson Hole and the entire Rocky Mountain region, Bighorn Lodge, located at 1240 East Nez Perce Road, was built with select "museum quality" specimen Western Cedar logs from British Columbia, Canada. The home boasts six porches and 10,000 square feet including five bedrooms, seven bathrooms, five Massive Montana Moss Rock fireplaces, and a six-car garage. Located on 5.32 acres, the property is surrounded by Grand Teton National Park, so it feels as if it is a property of thousands of acres.

"We are pleased that Mr. Terkovich has decided to move forward with the truest form of auction and allow the market to identify the price without any reserves or minimums," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "No longer is there time for buyers to wait. This property is guaranteed to sell on December 10(th). Anyone interested should step forward and register to bid."

The auction of the Bighorn Lodge will take place live, on-site, on December 10th. Attendance will be limited to registered bidders and their representatives. Phone and Internet bidding will be available. The property is open for preview daily from 2 to 5 pm and by appointment. A 3% commission is offered to the buyer's broker. See Auction Terms and Conditions for full details. For more information, visit www.BighornLodgeAuction.com or call 800-223-1429.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty(®) and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. For more information, call 888-966-4759 or visit www.ConciergeAuctions.com

SOURCE Concierge Auctions