I'm looking to sell a piece of luxury real estate.
Real estate auctions are good for selling distressed or highly undesirable property. The buyers are speculators that are looking to buy something cheap and below market. The auctioneers are experts at stirring up alot of excitement so that someone will buy something on impulse. However someone looking to buy a luxury home is too smart to fall for that type of sales technique. To get top dollar you need to find a person that wants to live in the home and needs to spend a lot of time evaluating the property. Find a good residential broker in the area and let him market the property properly.
