JACKSON HOLE, Wyo., Aug. 14 /PRNewswire/ -- The 102-acre Teton Valley Ranch, one of the most premier and storied ranch estates in the nation, was successfully sold today, announced NYC-based luxury real estate auction firm Concierge Auctions. The auction process produced a combined sale price well above the $15 million reserve, in addition to back-up bids. The buyer of Estate Parcel I was represented by Fay Ranches, and the buyer of Estate Parcel II was represented by Jackson Hole Sotheby's International Realty. The auction was held in cooperation with listing broker Richard Lewis of the Lewis, Lewis and Kleiman Team at Jackson Hole Sotheby's International Realty.

"The caliber of this property, paired with our unrivaled marketing and sales efforts, attracted some of the wealthiest people in the world, including CEOs, accomplished entrepreneurs, significant real estate developers, and many other highly-qualified individuals," stated George Graham, CEO of Concierge Auctions. "This overwhelming response proves that smart buyers are taking advantage of today's economic climate, yet they are approaching the market with scrutiny. Today's buyers are opportunistic but cautious. When an ultra-premier property like this hits the auction block and a seller is truly willing to allow the market to identify the price, it's the perfect union."

Concierge Auctions' extensive global outreach produced an impressive 100+ showings and 10 bidders from California, Connecticut, Nevada, New York, Ohio, Oklahoma, and Wyoming. The precisely-controlled campaign of internet, print and direct marketing, combined with aggressive sales efforts, broker outreach, and public relations, generated more than 5,000 visits to the auction website from 52 countries (led by the US, Canada, Japan and the United Kingdom) and all US states.

"The exposure from this auction was phenomenal, producing buyer interest from all over the world, and the ultimate outcome is a tremendous accomplishment," stated Lewis. "Following the successful auction in September of the Rockin' S Ranch conducted by Concierge Auctions, we were thrilled to work with their team again and look forward to continuing to offer their auction platform towards other luxury real estate sellers in Jackson Hole."

Following its ownership in the early 1900s by a son of David Abercrombie, co-founder of the Abercrombie & Fitch chain of outdoor and clothing stores, the Teton Valley Ranch served for decades as an opportunity for children and teenagers to experience the Wild West at the Teton Valley Ranch Camp. The camp, which was founded in 1939 and now operates at a nearby ranch, drew boys and girls from famed families worldwide to backpack through the ranges, swim, and learn about the local ranching heritage and land stewardship.

Nestled among 52 acres of perfectly preserved wildlife, the residences in Estate Parcel I provide an unmatched sense of nature and privacy. The masterfully built main residence, with incomparable views of the Tetons, is one of the most remarkable and unique homes in the West, measuring more than 10,000-square-feet. The residence overlooks a unique warm springs lake that provides swimming and entertainment during any season, and a rolling riverfront surrounds. A log-cabin guest home is set on the edge of the property adjacent to the protected National Elk Refuge and mountainside, across the warm springs lake from the main residence.

A rare riverfront property, Teton Valley Ranch's 49-acre Estate Parcel II has direct access to approximately 3/4 of a mile of the Gros Ventre River and includes a two-acre lake, the iconic Marlboro barn, a 1,700-square foot home with three bedrooms and three baths, and two log cabins, which could be outfitted for guests or caretakers.

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. The company's innovative auction platform offers a 60-day disposition solution from engagement to closing. For more information about Concierge Auctions and its services please call 888-966-4759 or visit www.ConciergeAuctions.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 30,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. For more information, call 888-966-4759 or visit www.ConciergeAuctions.com.

SOURCE Concierge Auctions