The 'private market' for certain luxury items is busy.

[Real estate agent Ernie Carswell] currently has a billionaire client in New York who wants a special property in Los Angeles, so Carswell is looking at a mega-mansion owned by a Middle Eastern billionaire who is offering it only to select buyers. He’s also working on a deal in Palm Springs with a celebrity selling a home he didn’t want to be publicly shown to a billionaire buyer who doesn’t want any photos of his new home on the web.

https://www.cnbc.com/2024/05/17/private-deals-mansions-art-cars.html

#PrivateSales #RealEstate #FineArt #ClassicCars #Billionaires #Multi-Millionaires #NewYork #LosAngeles

'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.