Just eight minutes before the auction was to begin, Casa Alegre, a 12,208-square-foot estate in Santa Fe, New Mexico, sold.
Two hours before the Jan. 12 auction was set to start, the sellers, through Platinum Luxury Auctions, reached out to one of the five registered bidders to negotiate a deal, said listing agent Stephanie Duran of Barker Realty, who also represented the bidder who bought the property.
Ms. Duran first listed the property in April 2018 for $11.5 million and eventually reduced the listing price by $1 million in August. The owners, Robert and Miryam Knutson, then hired Platinum Luxury Auctions in December and planned to auction the property with no reserve.
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