A multidisciplinary Locke Lord team led by Gerald Francese (New York) advised Concierge Auctions, a leading global luxury real estate auction marketplace, in its joint acquisition by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Realogy Holdings Corporation, the largest full-service residential real estate services company in the United States. Under the terms of the agreement, Sotheby's and Realogy will take a joint 80% ownership stake in Concierge Auctions and will operate independently. For more information, see the press release. Additional assistance was provided by Ted Augustinos (Hartford), Lori Basilico (Providence), Buddy Sanders (Houston), Sean Fifield (Los Angeles), Jaremi Chilton (San Francisco) and Brittany Batts (Washington, D.C.).
Posted on November 18, 2021