Potential bidders took advantage of this great luxury estate homes buyingopportunity, which was held at the Marriott Del Mar Hotel in San Diego. Over100 bidders attended the sale. Responding to the new normal in the market,the owner is using Kennedy Wilson's Auction Marketing Process to sellavailable inventory more rapidly in today's known market allowing buyers toset their own price ... it's a win-win situation.

"We are known for our published reserve auctions," says Rhett Winchell,President of Kennedy Wilson Auction Group. "It creates a lot of interestbecause buyers know that the homes will sell at or above the reserve prices.Everyone is focused on these properties because everyone wants a deal. Theseller was very pleased with the auction results, selling his entire inventoryin one day. The rapid sale of the homes is a clear indication of the greatdemand for quality housing options in San Diego area, and also of the interestauctions are continuing to generate in today's market," continued Winchell.

Founded in 1977, Kennedy Wilson is a real estate services and investmentfirm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S.and Japan. It seeks opportunities in partnership with clients in pursuit ofabove-market investor returns and higher real estate values. Kennedy WilsonAuction Group has been a leading force in the auction industry since 1977.Since inception, the Kennedy Wilson Auction Group has conducted manysuccessful auctions of condominiums and single-family home communitiesthroughout the United States, Europe and Asia. It conducts live auctions andsealed-bid sales for all types of residential properties. Clickhttp://www.kwiauctions.com; http://www.bidkw.com orhttp://www.kennedywilson.com for further information.

CONTACT: Kennedy Wilson 9601 Wilshire Blvd., Suite 220 Beverly Hills, CA 90210 Marty Clouser 310-887-6422SOURCE Kennedy Wilson