Comments on: Breaking All Barriers, Luxury Homes Reach NINE Figures

By: Lyn Smith

Lyn Smith — Fri, 23 May 2008 05:27:20 +0000

I would love to the be agent that sold a 9 figure property !! Think of the commission !!

By: Neil

Neil — Thu, 24 Apr 2008 14:37:14 +0000

Hi Roberta,

I just read your reply to my comment. I agreed with what you said but at least with a piece of fine art of furniture, you can put it ‘in’ your house at look at it every day when you pass by. What do these uber-wealthy collectors do after they have bought a rare estate, get in their helicopters and have a fly-by look in admiration??

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By: Roberta Murphy

Roberta Murphy — Wed, 11 Jul 2007 14:00:16 +0000

Nell:

These uber-wealthy collectors of fine and rare real estate are not much different from high end art collectors. It is the acquisition as much as the trophy that creates the value. And Richistani real estate buyers are also likely to be collectors of rare art….

Thanks for stopping by!

By: Neil

Neil — Wed, 11 Jul 2007 10:00:19 +0000

One wonders how the evaluators work out the worth of these estates. They can hardly use the yield method … mmm let’s see, based on a price of $500,000,000 you would be looking at getting a rental return of …. mmm about $50,000 a day!!!

By: Roberta Murphy

Roberta Murphy — Fri, 04 May 2007 03:09:17 +0000

Tony: Fluff and pedigree may help prop up some listings (we have both seen it before), but at nine figures the property must be able to stand on its own as a singular offering.

By: Tony May

Tony May — Fri, 04 May 2007 01:32:59 +0000

The important thing to remember here is to not try to add fluff to the listing, rather to add value to the property so it is truly worthy of a nine-figure price tag.

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