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Home / News / Auctions of the rich and famous: Grand Estates Auction Co. will sell your million-dollar property, but not everyone thinks auctions are the best way to go (access required)

Auctions of the rich and famous: Grand Estates Auction Co. will sell your million-dollar property, but not everyone thinks auctions are the best way to go (access required)

By Sam Boykin Looking for a nice beach getaway? Then you should head down to Wadmalaw Island, S.C., near Charleston next month where there’s going to be an auction for a three-story, 6,800-square-foot luxury home situated on 12 pristine acres along South Carolina’s central coast. And you better bring your wallet. There’s a $75,000 entry fee just to bid on the house, which also has a state-of-the-art gym and nine-car garage. As far as the asking price, that’s going to be dictated by the bidders, but you can be sure it’ll be well north of $1 million. Seems like a Lifestyles of the Rich and Famous fantasy, doesn’t it? But for Scott Kirk, the 28-year-old senior vice president of Grand Estates Auction Co., it’s just another day at the office. The north Charlotte firm markets and auctions luxury real estate throughout North America and the Caribbean. The company specializes in “absolute auctions,” which require no set starting bid and award multimillion-dollar homes to the highest bidder. Grand Estates Auction has about 18 employees and offices in Vail, Colo.; Atlanta; Dallas; and Naples, Fla.

One comment

  1. hi sam, i came across this article you wrote about grand estates auction company, and i would like to place a public notice in your classifieds that this company is currently under investigation for fraud, misrepresentation, concealment, and not paying commissions to real estate agents. i have filed complaints with the proper authorities, since i was the agent who brought about the single buyer of the two properties you mention in the article, on folly beach and the estate on wadmalaw island. the kirk people and their auctioneer todd took full ownership of my client, registered them without my knowledge, and literally stole my commission of nearly $40,000. i think you should do your community a service and post my public notice in your paper before anyone else gets ripped off. thanks sam.

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