Mike "Z" Zuendel Telluride Real Estate News
ART. BEAUTY.PROVENANCE.CHRISTIE’S INTERNATIONAL REAL ESTATE
We bring the depth of expertise and excellence that are Christie’s defining characteristics to create the world’s finest international real estate company.
Building on centuries of experience in art, Christie’s International Real Estate works with Affiliated brokerages selected for their expertise in luxury real estate sales and their extraordinary level of service. Together, we bring the world’s most desired homes to the world’s most discerning property buyers.
Christies affiliate Telluride Real Estate Corp and Mike Zuendel have the experience to assist you buying or selling your luxury home or
TRADITIONAL VALUES FOR MODERN LUXURY
A commitment to the business philosophy established by Christie’s in 1766 defines our approach—founded on trust, integrity, discretion, and excellence.
Christie’s International Real Estate built its reputation on the rigorous selection of local brokerages, such as Telluride Real Estate. Our Affiliates are selected for their success in luxury property sales and their ability to meet strict standards of excellence. When awarded Affiliate status, they gain access to our global marketing programs, worldwide network of more than 125 Affiliates and 25,000 agents across 40 countries, and the expertise of the Christie’s International Real Estate regional management teams.
As the only luxury real estate company owned by a fine art auction house, we have unrivalled breadth of expertise in the marketing and sale of high-value assets. We offer an unparalleled scope of international exposure and strong relationships with auction house clients.
An innovative system of client introductions between Christie’s and Christie’s International Real Estate gives us a unique world-class platform for the highly targeted marketing of noteworthy properties
FOUNDED IN LONDON IN 1766, CHRISTIE’S IS THE WORLD’S LEADING ART BUSINESS
Established by James Christie nearly 250 years ago, Christie’s conducted the greatest auctions of the 18th, 19th, and 20th centuries. Today, it is the world’s premier auction house and sets the standard for international art sales.
Christie’s has 53 offices in 32 countries and 10 salerooms in cities around the world including London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, and Hong Kong. Christie’s offers more than 450 sales annually.
As the auction house of choice for influential art connoisseurs and collectors, Christie’s is anticipating the future by expanding into emerging markets.
BLENDING ART AND PROPERTY. COMBINING GLOBAL KNOWLEDGE WITH LOCAL EXPERTISE
Blending the auction house’s global perspective on art and lifestyle with the local expertise of our Affiliated brokerages, Christie’s International Real
Estate brings exceptional service and knowledge to discerning buyers and sellers of luxury real estate.
This unique combination of worldwide expertise and regional connections has established Christie’s International Real Estate as the leading network
of brokers dedicated to the marketing and sale of luxury residential properties. Together, we offer an incomparable level of service and global visibility under a brand that stands for trust, discretion, and excellence. Local Telluride real estate expert Mike Zuendel always stands ready to serve his clients in their search for Telluride and Mountain Village homes and condos.
THE SYNERGY BETWEEN ART AND REAL ESTATE
COMBINED ART AND REAL ESTATE SALES
Christie’s clients who buy and sell works of art often request real estate services. The natural overlay of fine art and luxury real estate was highlighted in recent sales:
For the historic Blairsden Estate in Peapack, New Jersey, Christie’s International Real Estate provided international marketing for the property, while the auction house sold a collection of furniture, tapestries, old master paintings, silver, and porcelain from the estate in A Taste forLuxury: Two Great Houses from America’sGilded Age.
Christie’s International Real Estate sold the New York City apartments of the late copper heiress Huguette Clark, while Christie’s sold jewelry from her estate, including the iconic Clark Pink Diamond. The stunning piece sold for US$15.76 million.
Kaiuso, a historic garden estate outside Kyoto, Japan, listed at ¥8 billion, sold to an art auction attendee’s client.
A Pablo Picasso painting owned by composer Andrew Lloyd Webber was sold at Christie’s in London for £35 million. The composer’s Trump Tower duplex overlooking New York’s Central Park, listed at US$19 million, was also sold by Christie’s International Real Estate.
MAJOR REAL ESTATE SALES
The combined annual sales volume of Christie’s International Real Estate Affiliates is approximately US$80 billion. The following is a sampling of the network’s recent sales:
The Stanford White Mansion on New York City’s famed Fifth Avenue, listed at US$49 million, was sold by Brown Harris Stevens Residential Sales.
Located in Holmby Hills, California, The Manorwas home to entertainment royalty Candy and the late Aaron Spelling, and sold for US$85 million by Hilton & Hyland.
Hôtel de Miramion, François Mansart’s 17th century private house in Paris, France, was sold by Daniel Féau Conseil Immobilier and valued at €35.1 million.
The unique private island of Emerald Cay in Turks and Caicos was listed at US$45 million and sold by Regency International Estates.
A penthouse at 15 Central Park West in Manhattan, New York, was sold by Brown Harris Stevens for US$88 million
OUR GLOBAL PERSPECTIVE: THE PROPERTY MARKET IN 2013 AND
THE CHRISTIE’S INTERNATIONAL REAL ESTATE INDEX
Our annual market report, Luxury Deﬁned: AnInsight Into the Luxury Residential PropertyMarket* offers facts and insights into some of the most important markets in the world of real estate, and introduces the Christie’s International
Real Estate Index to measure the relative “luxury” ranking of the cities studied. Highlights from
the 2013 report include:
- Globally, top-tier property sales achieved record prices in several cities, remaining immune to many of the economic concerns that drive the general housing market.
- Cash transactions have dominated luxury property acquisitions across many cities.
- The luxury property market has limited supply.
High-net-worth individuals are continuing to invest in real estate, often in second and multiple homes.
- Prestige residential real estate values will more likely follow growth trends of non-consumable luxury goods such as fine art than the growth trends of the general housing market.
- London’s US$121 million (£75 million) sale and New York’s US$88 million sale pushed both cities to the top of the Index with the highest record sale prices.
* View the report at www.christiesrealestate.com/luxury-defined
CHRISTIE’S INTERNATIONAL REAL ESTATE INDEX
Market Record Sale Price
Average Price Per Square Foot (luxury listings) Number of Sales Over $1 Million
Number of Days on the Market (luxury listings)
Number of Listings over $1 Million Relative to Population
ONE DISTINGUISHED PROGRAM
Christie’s International Real Estate combines traditional marketing channels with cutting-edge strategies. The marketing programs mix new media with proven techniques, constantly evolving to meet the demands of the future.
Directed toward an audience of distinguished homebuyers, affluent investors, and renowned business leaders, campaigns achieve results across diverse venues and approaches, including interactive applications, print, networking, and press coverage.
The website attracts more than one million visitors worldwide every year and, as the preferred
portal for buyers and sellers across the globe, consistently ranks among the top results on major search engines. Access to an affluent audience
is further enhanced by prominent real estate promotions on which shows a selection of our properties and brings auction house clients to view our listings through a single click.
Displaying the world’s finest properties in excess of US$1 million, the site has active listings in 19 languages and more than 40 countries. Using compelling web advertisements, the site currently showcases several hundred properties valued at more than US$10 million.
Christie’s International Real Estate is actively involved in social media. Discover exclusive property photo tours, auction house spotlights, events, videos, and news from the international Affiliate network on such social media platforms such as Facebook, Twitter, Google+, Vimeo, YouTube, and more. Robust search engine optimization, search engine marketing, and inbound marketing campaigns attract thousands of qualified visitors to the website each month and vastly exceed industry-standard performance.
Produced five times a year, our industry- leading publication has an annual readership of approximately one million. With more than 200
pages full of lifestyle articles and beautiful homes, the magazine is a superior showcase for the world’s most exclusive real estate.
Our mailing list ensures that individuals of exceptional means receive each issue. The magazine is also available at Christie’s salesrooms, newsstands, fine bookstores,
fashionable hotels, private airport lounges, and Affiliate offices across the world. The digital version attracts additional international readers and presents creative marketing opportunities.
Crafted for select estates, our property brochures are distributed to more than 350 cities in 40 countries for prominent display in Christie’s salerooms and our Affiliated real estate brokerages around the world. The high-quality brochures find an audience with influential homebuyers, investors, and other
prime prospects through display at these venues. Artfully designed with superb production values, the brochures articulate the splendid amenities and uncommon lifestyle opportunities
presented by each property.
Properties advertised under the Christie’s name benefit from invaluable exposure and
association with a well-known and admired brand. Strategically targeted to reach the world’s most qualified potential buyers, Christie’s International Real Estate advertising initiatives receive prominent placement in leading periodicals such as The New York Times, The Wall Street Journal, Financial Times, Country Life, Architectural Digest, and Robb Report.
Our press strategies are expertly crafted with our public relations team—which spans the Americas, Europe, and the Middle East—to maximize attention in acclaimed media outlets across the world. Properties in the Christie’s International Real Estate portfolio are routinely chosen by influential publications as the subject of editorial features, lifestyle pieces, travelogs, business reports, and other articles.
PROMOTIONS AND EVENTS WITH CHRISTIE’S AUCTION HOUSE
The natural overlay of fine art and luxury real estate is on prominent display at numerous Christie’s sales and events attended by affluent potential homebuyers around the world.
Christie’s 450 annual sales present prime opportunities to effectively market our properties through banner displays, auction catalogue advertisements, auction house windows, and lobby displays. A monthly real estate e-newsletter is distributed to a broad auction house
Real estate is promoted by Christie’s at various high profile events including Art Miami, the Masterpieces Preview in Russia, and Asian Art Week in New York. In addition, we host jewelry sale previews, wine tastings, and fine art sale previews at various residences offered for sale around the world. Through these promotions, discerning buyers, attracted by the expertise and service of a well-known brand, discover the impressive offerings of Christie’s International Real Estate.
OTHER CHRISTIE’S SERVICES
Christie’s overarching corporate objective is to provide clients with unparalleled customer service and counsel. In addition to specialty areas of art, jewelry, wine, and collectables,
Christie’s offers a comprehensive suite of client services including estates and appraisals, insurance valuations, private sales, fine art storage via Christie’s Fine Art Storage Services, and educational programs through Christie’s Education. All residential clients are eligible to receive the full suite of Christie’s services.
THE BESPOKE MARKETING PROGRAM AT CHRISTIE’S INTERNATIONAL REAL ESTATE
Properties enrolled in the Bespoke Marketing Program benefit from a special range of marketing opportunities that reach Christie’s clients and salerooms around the world. With marketing tailored to each property, the Bespoke Marketing Program tells a unique story for each property in a way that is original, effective, and broadly appealing.
Our relationship with the auction house grants us a unique depth and breadth of international exposure. Our ability to make personal introductions between clients of Christie’s and Christie’s International Real Estate creates a synergy between the worlds of art and real estate, and is the foundation of our world-class platform for the highly targeted marketing of noteworthy properties.
Clients of Mike Zuendel have found much success selling their Telluride and Mountain Village real estate and homes.
TO DEVELOPMENT TO REALITY
Development Project Marketing is designed to launch and market important resort and urban developments. These programs achieve success in marketing and selling distinctively important properties by combining the Christie’s global market platform with the deep local connections of our Affiliates.
Only projects of the highest quality in design and services are considered, ensuring that buyers can be confident in the product. Development Project Marketing services include strategy and planning, branding supervision, marketing programs, and sales. Additionally, in certain cases, strategy and branding are supplemented with an art sales
and events offering provided by Christie’s. These elements assure a successful execution and sale of these projects.
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Percentage of International and Non-local Buyers (luxury home purchases) Percentage of Secondary and Additional Home Purchases
AT Kearney Global Cities Index and Emerging Markets Outlook Jones Lang LaSalle Transparency Ranking
PHOTOGRAPH BY JEAN PHILIPPE PITER 21
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