Richardsonian Romanesque Mansion in St. Louis, Missouri | Luxury House Tour

The imposing stone structure designed by Frederick Bonsack for Brown Shoe Company founder George Warren in 1897, sits on a lot-and-a-half in St. Louis’ premier neighborhood, known around the world for its fine examples of turn-of-the-century mansions. Step through the front door and the old world, money is no object craftsmanship is apparent. The rosewood paneled reception hall features an Italianate mosaic floor, original frescos, Corinthian pilasters and a grand rosewood staircase.

 $1,750,000 USD | St. Louis, Missouri | Dielmann Sotheby’s International Realty

Sotheby’s International Realty Brand Enters India

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Sotheby’s International Realty Affiliates LLC today announced it has signed an agreement with RealPro Infra Private Ltd. to develop the Sotheby’s International Realty® brand in North India with the opening of North India Sotheby’s International Realty.

Amit Goyal is co-owner and chief executive officer of the firm, which will serve the luxury residential real estate market throughout Northern India.  The first office begins operations in September 2014 in New Delhi followed by Gurgaon, Noida, Chandigarh and Jaipur.

“Northern India is one of the most exciting, beautiful and fastest growing markets in the world, with a developing luxury real estate market,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “Expansion into India was one of our core objectives for this year, and I am proud to welcome Amit and his team to our global network.”

“We are delighted to become part of the Sotheby’s International Realty worldwide network,” said Goyal.  “The luxury residential real estate market in India is beginning a period of expansive growth and the Sotheby’s International Realty brand will meet the needs of high net-worth individuals internationally looking for luxury homes in India and overseas using the brand’s global platform. We also envision future appointments of exclusive representation of luxury residential properties.  India’s luxury residential market is poised to grow rapidly, supported by strong economic growth, and we are in an ideal position to lead this growth by leveraging the Sotheby’s International Realty global platform.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide.  North India Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website.  In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

Luxury Real Estate Headlines: Fourth Week in July 2014

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6.745.000 € EUR | Olhao, Portugal | Portugal Sotheby’s International Realty

The French were our biggest foreign clients in the first six months of the year followed by Brazilians and British nationals. The tax benefits Portugal is offering foreigners has been “extremely important” in attracting French investors,” said Gustavo Soares, managing director, Portugal Sotheby’s International Realty.

Rich French Fleeing Hollande Taxes Find Portugal Haven — Bloomberg

Real-Estate Agents’ Secret Weapon —The Wall Street Journal

Asia’s Key to Keeping Order: Rules, Rules, RulesThe Wall Street Journal

House of the Day: A Frank Lloyd Wright Home in Houston — The Wall Street Journal

Wall Street Journal’s House of the Week  — The Wall Street Journal

Northern Exposure: Montreal RetreatsThe Wall Street Journal

On the Market: A Villa in the Southern Hills of Portugal — Architectural Digest

An X-Shaped Long Island Mansion for Sale — Bloomberg

Hot Property: Ibiza VillasThe Telegraph Luxury

Heat’s Chris Bosh Lists Pacific Palisades Mansion at $14.5 MillionLA Times

Jerry Leiber’s House in Venice, Calif., Hits the MarketThe Wall Street Journal

Director Ron Howard Sells Lakeside House for $27.5 Million — The Wall Street Journal

Extraordinary French Country Estate in Austin, Texas | Luxury House Tour

Located idyllically in the golf and country club community of Barton Creek in the Hill Country, yet only minutes to downtown. This elegant house welcomes guests in stunning generous reception and living areas. An exquisite home for the art and wine enthusiast. Magnificent for large entertaining, yet also perfect for intimate family gatherings.

 $3,750,000 USD | Austin, Texas | Capital City Sotheby’s International Realty

EXPO 2015 Shapes Milan’s Classic Skyline

Post provided by guest contributing blogger, Diletta Carutti, Social Media Manager, Milan | Lake Como | Tuscany Sotheby’s International Realty in Italy.

Not only is Milan a fashion capital, famous worldwide for its luxury shopping districts, excellent cuisine and the “Teatro alla Scala” opera house, it is also Italy’s most dynamic business city.  Many view the real estate investment industry as one of the key drivers leading Italy’s future, and as Milan prepares to host the 2015 Universal Exposition (World’s Fair), the city has been changing its skin. Dozens of new construction developments have been popping up across the city, forming new Palazzos that are transforming Milan’s skyline.

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Price Upon Request| Milan, Italy | Milan Sotheby’s International Realty

Porta Nuova is one of the most remarkable developments in Milan, if not in the whole country. Approved in 2004, this project comprises an area of approx. 3,660,000 sq.ft. and includes several high-rise buildings, cultural centres, a large city park and a new metro line stop, in addition to underground parking.

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Price Upon Request| Milan, Italy | Milan Sotheby’s International Realty

Living in one of  Porta Nuova’s new residences is like embracing a new lifestyle where the sobriety of a private villa inspired by Milanese signature architecture meets the modern and international features of a high-rise building. In order to satisfy the growing demand of a clientele looking for turnkey homes, the interiors can be furnished with some pieces of the Meissen home collection (http://www.meissen.com), one of Europe’s most tradition-rich houses of fine art and hand-crafted luxury.

“Our clients are always more demanding in regard to the condition of the apartments and their amenities,” says Luca D’ Angelo, head of sales at Milan Sotheby’s International Realty.  “We see a lower turnover on the market for those apartments requiring big renovation and not immediately available for move-in. House prices decrease by 15% on average compared to those of 2010 and this reduction is even more significant for the second market compared to new developments.”

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Price Upon Request| Milan, Italy | Milan Sotheby’s International Realty

In the exclusive central streets defined by elegance and history, the prices of the apartments boasting views of green courtyards, and with privacy and comfort, have been stable on an average of € 13,000 per square meter. Within the Fashion District, besides the very top luxury homes, there are excellent investment opportunities in one or two-bedrooms-apartments with 6% yield for short term rentals, which are now often in demand thanks to the EXPO Milano 2015.

Via Borgospesso_Milan_Italy

530,000 € EUR | Milan, Italy | Milan Sotheby’s International Realty

“For a clientele looking for good deals, I recommend semi-central areas such as Fiera, Sempione and Repubblica,” says Laura Torrielli, senior sales manager at Milan Sotheby’s International Realty. “In these districts, upscale apartments in iconic palazzos such as those designed by the famous architect Giò Ponti are selling at prices 20% less compared to those a few years ago.”

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1,550,000 € EUR | Milan, Italy | Milan Sotheby’s International Realty

View Luxury Real Estate for Sale in Milan >

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Many thanks to our guest blogger, Diletta Carutti from Milan | Lake Como | Tuscany Sotheby’s International Realty, which offers its international and local clientele a wide selection of luxury properties in the top location of Italy such as Milan, Lake Como, Lake Maggiore, Florence, Chianti, Tuscany, Sardinia, Italian Riviera, Capri Island, and the Alps

A Collector Bridges the Gap

Post provided by Alexandra A. Seno for Sotheby’s Magazine.

TAIPEI – Taiwan-based businessman Pierre Chen is one of Asia’s leading collectors of Western contemporary art. Now, as Alexandra A. Seno reports, Chen is bringing the collection he lives and works with to a wider audience, and in the process, connecting the East with the West.

Museo del Prado 4, the subtly dramatic Thomas Struth photograph, dominates one wall of a conference room at the Yageo Corporation global headquarters, just outside Taipei. The German photographer’s large-scale work, part of his iconic Museum Photographs series, focuses on a group of students on a trip to the great Spanish art institution. The boys and girls linger indifferently in front of Las Meninas, the 1656 painting by Diego Velázquez that has inspired generations of artists, from Pablo Picasso to Francis Bacon.

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Pierre Chen, collector and businessman at home in Taipei, where a painting by Georg Baselitz hangs behind him. Photograph by Andrew Loiterton.

Walking into the empty conference room – which otherwise fits about 30 – Yageo founder Pierre T.M. Chen gives the photograph a quick glance before he settles down at the table. The Taiwan-trained computer engineer started Yageo in 1977 and built the company into one of the world’s biggest electronics components manufacturers, with average yearly sales of US$800 million. He has nine factories and offices in seventeen countries, and is actively engaged in Yageo’s day-to-day management.

Chen says: “My business changes very quickly. I am fighting everyday because there is always some new technology coming to the market. For me to have balance in my life, I need art and music.” Hundreds of pieces adorn his offices and homes, and even more are in storage. But starting this summer, four prestigious Japanese museums will exhibit 76 works from Chen’s collection.

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In a Tokyo residence, Peter Doig’s Canoe Lake has pride of place in the dining room. Jean-Baptiste Huynh’s Inde-Portrait XXIX and Josè-María Cano’s  RM-Kate Moss Flank the doorway. Photographs courtesy of the Yageo Foundation

It will be the first time that the institutions will show a single, private collection of modern and contemporary art, and it is also the first occasion in Asia that works from the Yageo Foundation can be viewed together in public. The tour begins in June at the National Museum of Modern Art in Tokyo (MOMAT), and then proceeds to the Nagoya City Art Museum in September, the Hiroshima City Museum of Contemporary Art in December and finally the National Museum of Modern Art in Kyoto in March 2015.

MOMAT curator and organiser of the exhibits Kenjiro Hosaka wanted to collaborate with Chen not only because Japanese museums do not usually have access to such works, but also because he was drawn to the collection’s “energy to bridge the gap between Eastern and Western art, which museums in Japan have struggled with for many years.”

“I decided to accept the invitation from Japan because the museum is professional, and because Japanese audiences have a mature appreciation for art. They admire traditional things and also what is new. I also consider Japan as my retirement destination of choice,” says Chen, who keeps a Tokyo apartment, conveniently just five minutes away from MOMAT.

 

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The living room of one of Chen’s Hong Kong homes, with Gerhard Richter’s Abstraktes Bild andMark Tansey’s Mont Sainte-Victoire. Photographs courtesy of the Yageo Foundation.

Born in Tainan, Chen grew up in Kaoshiung to a middle- class family that could trace their roots in Taiwan back for 200 years. He enjoyed going to galleries, and as a student in 1976, he made his first art purchase: a wooden, coconut-sized sculpture by Hong Kong artist Cheung Yee. It cost 25,000 Taiwanese dollars, a sum that took him a year and a half to save as a part-time computer programmer. He proudly keeps it in his office today.

When his company began to do very well, Chen started collecting Chinese artists because he was inspired by their work. As his business expanded to other countries, he would travel, and says he “liked going to museums and galleries because they are a good place to learn.” He read voraciously about art and went to exhibitions, habits he continues today. “I am still discovering,” he says, his eyes lighting up behind his serious, black-framed glasses.

In recent years, Chen has been most excited by Western contemporary art. He took the leap in the mid-1980s and bought an untitled Cy Twombly work because it made him feel “calm,” and later a yellow Warhol fright wig self-portrait because he thought it was “so fresh.” Continue Reading >

Luxury Real Estate Headlines: Third Week of July 2014

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$44,000,000 USD | New York, New York | Sotheby’s International Realty-East Side Manhattan Brokerage

Jackie Kennedy Onassis’s childhood home is now on the market at uber posh 740 Park Avenue, which is still considered the city’s most elite trophy address.

Jackie O’s childhood home asks $44M at 740 Park Ave — New York Post

Sotheby’s International Realty Network Welcomes Washington Firm — Sotheby’s International Realty

Magna Carta Island Hits the Market The Wall Street Journal 

House of the Day: House Boat for Land Lovers The Wall Street Journal 

On the Market: A Historic Country House in Monticello, GeorgiaArchitectural Digest

On the Market: A Savannah Charmer with Water ViewsArchitectural Digest

On the Market: A Castle in the Tuscan HillsArchitectural Digest

On the Market: Katharine Hepburn’s Estate in Old Saybrook, ConnecticutArchitectural Digest

Home of the Day: Curvy Midcentury Modern in Brentwood Los Angeles Times

Realogy Agrees to Buy ZipRealty for About $166 MillionBloomberg

A Warhol With Your Moose Head? Sotheby’s Teams With EBayThe New York Times

World’s Most Famous Watch for Sale —Artnet News

Washington D.C. Real Estate | Market Spotlight

Washington DC_Market Spotlight

$9,800,000 USD | Washington D.C., USA | TTR Sotheby’s International Realty 

“The market in Washington, D.C., has been active and prices are up 10 percent over last year – however we did experience a late start to the season (known as frozenomics),” said Michael Rankin, managing partner, TTR Sotheby’s International Realty.

“As April has turned to May, we see low inventory across multiple price points. This alone has had the biggest impact on the velocity of the market in the Washington, D.C., area. During the first several weeks of April, we have seen significant increases in activity at TTR Sotheby’s International Realty. Despite market trends, year-to-date sales for the firm have increased 25 percent year-to-date versus 2013, and we have continued to set new records, including the $18.6 million sale in March of the historic River View Estate in Alexandria and the Patterson Mansion, listed for $25 million, which will close in May.”

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