Canadian luxury real estate is set to make its debut on the auction block, as two high-end properties are offered for live bidding at Sotheby’s New York auction house on Jun. 14.
The auction of Vollebak Island off the coast of Nova Scotia and Sterling Manor in British Columbia’s Okanagan Valley marks the first time that Canadian real estate will be presented for live auction at Sotheby’s New York, as part of Sotheby’s bi-annual Luxury Week sales series.
According to Don Kottick, president and CEO of Sotheby’s International Realty Canada, the presentation of Vollebak Island and Sterling Manor for live bidding at Sotheby’s New York is a historic first for Canadian real estate. He believes this move will put Canada’s luxury real estate opportunities on a prestigious global stage.
Kottick adds, “This upcoming live auction underscores the fact that Canada is now well-established as one of the most sought-after destinations for real estate on the global luxury market.”
Vollebak Island, N.S.
Vollebak Island, conceptualized by the globally renowned architecture firm Bjarke Ingels Group (BIG), will be auctioned by Sotheby’s Concierge Auctions in collaboration with Sotheby’s International Realty Canada listing agent Angie Bryant and Scott Bryant, Regional Director, Atlantic Canada.
The island, with an estimated value of $5 million to $10 million USD, offers a self-sufficient and diverse ecosystem featuring dense forests and over 11 acres of land. The successful bidder will also gain exclusive rights to Ingels’ design vision, as planning permission for those designs is included.
Chad Roffers, President of Sotheby’s Concierge Auctions, expresses excitement about offering Vollebak Island at auction.
“This once-in-a-lifetime property exemplifies one of the most experiential real estate offerings in the world, and as such, we look forward to competitive interest from bidders all over the world,” Roffers says.
Vollebak Island, N.S. Source: Sotheby’s International Realty Canada
Sterling Manor, Penticton, B.C.
Sterling Manor, a modern estate located in British Columbia’s Okanagan Valley, will also be up for auction with no reserve through Sotheby’s Concierge Auctions in cooperation with Natalie Benedet and Scott Ross of Sotheby’s International Realty Canada.
The property, listed for $15.5 million CAD, showcases meticulous craftsmanship, extraordinary finishes, and a seamless outdoor entertaining experience with several unique exterior spaces overlooking the Okanagan.
Sterling Manor, Penticton, B.C. Source: Sotheby’s International Realty Canada
Both Vollebak Island and Sterling Manor will be on view from Jun. 1 to Jun. 8 during Sotheby’s Luxury Week. Bidding for the properties will open online on Jun. 8 and will culminate with live bidding on Jun. 14 at Sotheby’s New York.
“Luxury real estate auctions are piquing interest in the high-end real estate market, where qualified buyers can be rare and exceptionally discerning,” says Kottick. “We believe that our partnership with Sotheby’s Concierge Auctions can be a meaningful option for discerning clientele and agents, particularly for truly bespoke properties that may benefit from the unique exposure that this specific platform offers.”
