Alex does not favour the auction process for Luxury Real Estate! Whilst most other agents recommend the auction process, Alex has seen many disastrous auctions for Sellers.
Once a property has been exposed to the market and a price established which is usually a low price, that price then forms the base price for all future negotiations.
Agents will tell sellers that the auction process brings buyers into the market and that might well be true, but are they NOT the quality buyers looking to pay a good price for a good property.
All sales post auction, are only a slight improvement on the low auction price. Alex has a proven track record in selling using private treaty. Buyers no longer trust the auction process for luxury real estate!