Tag Archives: Auction theory

23Sep/22

Multimillion-Dollar Oceanfront Estate on Grand Cayman Scheduled for Luxury Auction® Oct 7th

On October 7, 2022, a custom-built oceanfront estate in the Cayman Islands will be offered for sale at luxury auction®. Once asking $11.5 million USD, the luxe Caribbean property will now be sold to the highest bidder without reserve and regardless of the amount of the auction’s highest bid. Miami-based Platinum Luxury Auctions, a firm specializing in the non-distressed auction sale of luxury homes, was retained by the property owner to manage the sale. Cayman-based RE/MAX Cayman Islands, represented by brokers Kim Lund and Cindy Raymond, is the brokerage of record for the transaction. Continue reading