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Darien home sold at auction highest price paid this year

Updated 1:11 pm, Thursday, June 30, 2011
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"Cove House," an elegant French Norman-style estate on 2.03 private acres abutting Scott's Cove in Darien with access to the Long Island Sound was sold at auction June 25, Concierge Auctions announced.

In cooperation with listing broker Doug Milne of Kelly Associates, the auction outreach efforts produced more than 100 showings and resulted in eight qualified bidders, all of which had not previewed the property or considered purchasing it prior to the auction announcement.

The live auction competition generated nearly $8 million for the property, which upon closing next month will be the highest residential sale year-to-date in the Darien Multiple Listing Service.

"The team at Concierge Auctions and Doug Milne were exceedingly professional -- an aggressive group of individuals who in many ways reminded me of my days on Wall Street," Andrew Osinski said. "Before choosing to auction I weighed all of my options and analyzed the Concierge process in detail. Ultimately I was excited about the highly customized marketing plan, and I have to say they executed on everything promised."

"The process attracted interest, generated competition and created a market. It was a thrilling experience, and I firmly believe the future of luxury home sales will be increasingly weighted towards the Concierge Auctions methodology."

"We are thrilled to have produced such a significant sale for Fairfield County," Milne said.

"This was my first time to represent an auction seller, and from day one it was exciting to witness such strong buyer interest. The Concierge Auctions process is a great tool for luxury property sellers seeking the highest, market-driven price within a particular time frame."

Designed to capture the stunning beauty of its surroundings, Cove House, located at 17 Tokeneke Trail, is a five bedroom, seven bathroom residence designed in an elegant French Norman style. Situated on two landscaped private acres on Scott's Cove, the property features a manor home, guest cottage and private dock with access to the Long Island Sound.

"This success is a direct result of the quality of the asset and the collaboration between our firm and Doug Milne of Kelly Associates," said George Graham, CEO of Concierge Auctions. "It was a pleasure to work with such a skilled and sophisticated broker partner. Our joint marketing and sales efforts attracted real buyers from the tri-state area and beyond, including business executives, accomplished entrepreneurs and other wealthy individuals, many of whom had never seen or considered purchasing the property prior to the auction exposure.

"The market came to understand `Cove House' as one of the most premier residences in the area, resulting in overwhelming interest and a record price. It was a great outcome in return for the seamless execution of everyone involved."

Bidding through Concierge Auctions is now under way for another premier Fairfield County estate, located on prestigious Round Hill Road in Greenwich, a mere 40 minutes to Manhattan. Situated on over 7 acres, the residence offers 6,222 square feet and the potential for up to 19,000 square feet of expansion or new construction.

Bid now at GreenwichLuxuryAuction.com, or call 866-649-8616. Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier properties.

The company's innovative auction platform offers a 60-day disposition solution from engagement to closing.

For more information about Concierge Auctions and its services call 888-966-4759 or visit www.ConciergeAuctions.com.