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was
founded in 1976 to provide real |
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estate
services to Sotheby’s auction clientele.
The company quickly broadened |
its
reach by offering top local real estate brokerages
with a powerful marketing and
referral program for fine properties serving a range of customers and locations.
Sotheby’s International Realty® is
known for selling some of the world’s most
extraordinary estates and our comprehensive approach to selling property has
proven
effective for quality listings in a range of prices. While we have consistently
maintained
an average sales price of approximately $1.5 million, more than 50% of annual
sales
are for properties priced under $1 million.
In February 2004, Cendant Corporation acquired the real estate brokerage operations
of Sotheby’s International Realty®. “Sotheby’s
reviewed its role in the marketplace as a
premier real estate brokerage firm and decided to seek a strategic partner to
grow its
business more rapidly,” said Bill Ruprecht, President and CEO of Sotheby’s
Holdings, Inc.
The brokerage offices are currently owned and operated by NRT
Inc. The San
Francisco broker's office is located at 117 Greenwich Street in
Levi's Plaza. |
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