Sep
18
Why Do Wealthy People Auction Multimillion-Dollar Homes, Rather Than List Them?
ByHundreds of wealthy homeowners are taking the riskier route. Here’s why.
Count Spaur zu Flavon und Valer’s family had lived in its 80-room castle in the Dolomites for more than 650 years; having recently poured more than €10 million ($11.25 million) into its restoration, the count decided in 2012 that it was time to sell. And then the castle, which was priced at more than €30 million, languished unsold for four years…
Why Do Wealthy People Auction Multimillion-Dollar Homes, Rather Than List Them?
