Palazzo di Vista is an “architectural masterpiece located atop of a rare promontory in Bel Air.” that will be going up for auction on April 21 through a worldwide online auction hosted by Concierge Auctions. This auction is not just for potential buyers because anyone who would like to observe the auction can register and watch as bids are made. Concierge Auctions is committed to making the auctions transparent to the public in the service of making sure that their contribution to sales in the Los Angeles real estate market is accurate and that they are able to find the true market value of the properties they sell.
The mansion is brand new and lists for $87.777 million with a $50 million reserve. The property offers some of the most scenic views of Los Angeles from the San Gabriel Mountains to the Channel Islands. The website describes Palazzo di Vista as an “ ultra-luxe mansion [that] boasts unparalleled amenities for futural living, including a first-of-its-kind multi-sensory NFT art gallery that features seven indoor large-screen media displays, and a rotatable 2-D laser projector designed for NFT artwork that casts light in a rhombic-shape up to 1,650 square feet over the pool with misters, emulating Disney’s California Adventure Park’s World of Color attraction.” Yes, this mansion has an NFT art gallery projected by a 2-D laser.
Palazzo di Vista’s more standard features include seven bedrooms, 11 bathrooms, and the mansion expands over 20,000 square feet. We spoke with two of the people involved in this one of a kind sale about the estate and some of its more “futural” features to find out more.
First, we spoke with Chad Roffers, President of Concierge Auctions about the auction and bidding process:
Dolores Quintana : Concierge is opening the bidding in the auction to sellers all over the world. Is that normal procedure for the company?
Chad Roffers: It is. We operate in 40 US states and 33 countries around the world. We have a very wide footprint and for properties of this nature, it’s not unusual for the buyer pool to be global.
Could you explain the bidding process?
Sure, it’s very straightforward and very transparent. The auction will take place over a five day period and it’s all digital. If you’re a registered bidder, you will be granted credentials that allow you to actually place bids, if you are an observer, you can also log in and watch the bidding, so it’s transparent to the entire marketplace. Normally, the bidding opens up and typically, for the most part, there will be some bidding in the early days or hours of the auction, but typically, most of the activity occurs in the final 30 minutes.
