Bidders to Name Their Own Price on Allen K. Breed Estate’s Breathtaking 101-Acre New England Mountain Retreat at October 16th Absolute Auction

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Stratton Mountain Country Home Owners Select Grand Estates Auction Company to Sell Property in a “No Minimum/No Reserve” Auction

Stratton Mountain Country Home Owners Select  Grand Estates Auction Company to Sell Property in a  “No Minimum/No Reserve” Auction

Bidders to Name Their Own Price on Allen K. Breed Estate’s Breathtaking 101-Acre New England Mountain Retreat at October 16th Absolute Auction

This is a magnificent property in a very desirable location, and on October 16th, buyers can name their price on this truly remarkable property.

The estate of Allen K. Breed, the developer of airbag technology for automobiles, is following a growing trend in the luxury real estate market by reaching to a global network of real estate buyers and allowing the market to set the price of its five-bedroom, seven-bathroom luxury mountain estate nestled in the quaint villages of Vermont’s famed Green Mountains through auction. As the economy is showing tentative signs of recovery, the luxury real estate market continues to separate itself from the general housing market with high net worth individuals investing in luxury properties globally and inventories of premier properties showing a steady decline. The 101-acre mountain retreat with an indoor pool, breathtaking views, and access to world-class skiing including the Olympian-producing Stratton Mountain School, golf and shopping will be offered by Grand Estates Auction Company on Wednesday, October 16th at 2:00 p.m.

“The luxury real estate market is following a different and more rapid recovery than the general housing marketplace,” stated Stacy Kirk Reich, president of Charlotte-based Grand Estates Auction Company. “The owners of this Vermont mountain estate are motivated sellers who understand that the live auction process attracts a global market while establishing fair market value in its purest and quickest form. This is a magnificent property in a very desirable location, and on October 16th, buyers can name their price on this truly remarkable property.”

The private, gated estate features a New England-style main home with stunning post-and-beam construction situated in the hillside off a quiet country lane that is the perfect setting for both entertaining or getting away from it all with the family. Architectural details include six wood-burning fireplaces, expansive picture windows, arched and beamed ceilings, and an atrium with magnificent views of Stratton and Magic Mountains. The fully equipped gourmet kitchen includes a six-burner double oven Wolf range with warming drawer, Sub-Zero refrigerator, Bosch dishwashers, wine cooler and more. Special amenities include a separate recording studio and caretaker’s unit. For the sports enthusiasts the property includes a tennis court, basketball court, indoor pool, racquetball court, and expansive lawns. State-of-the-art systems include eco-friendly geothermal heating and full security system.

The estate is conveniently located just a short drive from the historic Vermont villages of Landgrove, Weston, and the exclusive shopping district in nearby Manchester. Live theater at the Weston Playhouse, antiquing, and music festivals are among the myriad of cultural activities available in these classic New England towns. The home is minutes from the world-class skiing of Stratton Mountain, Bromley and Magic Mountain, Stratton’s Cliff Drysdale tennis academy, the areas finest golf courses, and The Long Trail, for the hiking and nature enthusiasts. Nearby Stratton Mountain School is renowned for producing more than 36 Olympians including two gold medalists, one silver medalist and one bronze medalist.

Grand Estates Auction Company specializes in creating comprehensive global marketing campaigns for luxury properties and selling those properties to the highest bidder at auction. There are no contingencies, no lengthy negotiations, and timelines for closing are already established. To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction. Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well suited for auction, where bidders set the market value.

The auction will start promptly at 2:00 p.m. on Wednesday, October 16th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Saturday, October 12th, at 12:00 p.m., with daily preview times scheduled through the date of the auction. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-376-9560. A $100,000.00 certified check or personal check along with a bank letter of guarantee will be required to register to bid. Real estate agents and brokers are fully protected and encouraged to participate.

Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $1.5 million and above throughout North America and the Caribbean. Established in 1999, the company was the first of its kind. The company is based in Charlotte, N.C. with offices in Aspen, Colo., Atlanta, Denver, Naples, Fla. San Jose, Calif., Savannah, Ga., and Vail, Colo. For more information and auction details visit http://www.GrandEstatesAuction.com.

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Cristina Anderson
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