Villa La Ponche: Going once, going twice … to auction

Villa La Ponche, view from window

If you have a couple of million euro lying around, you may want to note a few sale dates in May.

A first in France, a private auction for a luxury property that will be auctioned off on May 5th, 2016. The Villa La Ponche – a 4-storey, 120m² with 3 double bedrooms and en-suites plus an electric sliding door to a 20 m² panoramic rooftop terrace with views of the Citadel – is within St Tropez’s old town and steps away from the famed La Ponche Beach. It was originally listed at €3.25 million. The seller has voluntarily chosen the auction method as an alternative to the traditional way of selling real estate.

Villa La Ponche bedroom

“This is going to auction without reserve,” says Paulina Kimbel-Alvarez of NYC-based Concierge Auctions, which have sold nearly $1 billion in luxury real estate since 2008, “and will sell to the highest bidder, thus offering a fantastic opportunity for a savvy buyer.”

To participate in the auction, you have to register by May 3rd. This consists of filling out a registration and Terms & Conditions form, providing a refundable deposit and proof of funds.

Open houses are held every weekend 1-4 pm (no appointment needed) or by appointment outside of those hours. As always, brokers are protected under the Concierge Auctions model and there is a 2.5% cooperating broker commission (TTC) for the agent bringing in the winning bidder.