A disappointed owner of the auction on his luxury Parisian duplex

While the auction started at 5 million euros for this Parisian penthouse with a landscaped rooftop, the counter stopped at 6.1 million euros on July 6. The price offered, at 5 million euros, was only a possible first offer. It must be said that the property located in the 8th arrondissement of Paris is impressive with its view of essential Parisian monuments such as the Eiffel Tower, the Arc de Triomphe, the Sacré-Coeur. The area of ​​the terrace is also dizzying, 260 square meters.

Let’s go back to the interactive sale organized by the high-end real estate network Barnes and spread over 24 hours. A first offer was submitted with an increase of only 100 euros, while any offer submitted had to be higher than the previous one by a minimum of 100,000 euros. Maybe it was a prankster’s proposal. A second offer arrived the following day, at 5.1 million euros. The sale then struggled to take off with only two additional offers during the day. It is in the last minutes that she panics. At 7:41 p.m., a price of 5.4 million euros is offered and in seventeen minutes, we go to 5.6 million. The sale is supposed to end at 8 p.m. sharp but at 7:58 p.m., a slice of 100.00 euros is crossed. At 8 p.m. sharp, we reached 5.9 million euros. Since this bid took place 5 minutes before the end of the auction, it extended the duration of the sale by an additional 5 minutes. The last offer finally amounts to 6.1 million euros. The battle was tough but the bidding was not feverish for a 300 m² apartment with almost the same terrace area.

Few attendees

«It’s true, the owner is disappointed“, recognizes Adrien Jaffredo, commercial director at Barnes, with the Parisian. Only half of the twelve people to have visited the property participated in the auction. The owner is however free to refuse this offer and has not made his decision known for the moment. Is the luxury market, which until then was flying from record to record, running out of steam? ? Thibault de Saint-Vincent, at the head of Barnes, underlined at the beginning of the year that the negotiation now also affects goods without defect and that some owners have a hard time getting used to it.