Concierge Auctions to Sell Impeccable Waterfront Estate in Prestigious Darien, Connecticut at Live, Absolute Auction

DARIEN, Connecticut, May 23, 2011 -

- Elegant French Norman-style Waterfront Residence near New York
City will Sell to the Highest Bidder at a High-end Auction on June 25

The impeccable "Cove House" (www.darienauction.com), a French
Norman-style estate on 2.03 private acres abutting Scott's Cove in Darien,
Conn., with access to the Long Island Sound and less than an hour from New
York City, will be sold at a live, on-site auction on June 25, Concierge
Auctions (www.conciergeauctions.com) announced today. Previously
listed for $12.5 million, the property will be auctioned Absolute, meaning it
will sell to the highest bidder regardless of price. Incentives are offered
for opening bids from $6 million to $10 million. The sale is being conducted
in cooperation with listing broker Doug Milne of Kelly Associates
(www.kellyrealestate.com).

"Concierge Auctions has a proven reputation as the leading firm for
auctioning the most premier residences nationwide. I'm excited to work
alongside their team to find a new owner for this extraordinary home," stated
Milne. "Darien is located on Connecticut's 'Gold Coast' in Fairfield County,
one of the wealthiest and most coveted areas in the tri-state region. This
estate is a testament to its prestige. My client realizes he is taking a risk
by selling Absolute and purely allowing the bidders to name the price.
However, now is the time - time to sell the estate, congratulate a new owner
and move on."

Designed to capture the stunning beauty of its surroundings, Cove House,
located at 17 Tokeneke Trail, is a five bedroom, seven bathroom residence
designed in an elegant French Norman style. Situated on 2.03 beautifully
landscaped, private acres on Scott's Cove, the property features a manor
home, guest cottage and private dock with access to the Long Island Sound and
beyond. Four gorgeous fireplaces punctuate the beautifully appointed living
spaces, all of which open to the deck and pool and reflect sophistication and
attention to detail. Upstairs quarters include a master suite with a sunken
stone bath and custom closets, and four suite bedrooms. In addition to an
attached two-car garage, there is also a detached garage with room for three
more cars.

Darien, Connecticut is one of the most affluent towns in the United
States and was rated one of the best places to live in the country by CNN.
Situated between the small cities of Norwalk and Stamford, the town is a
bedroom community with relatively few office buildings. Many residents work
in New York City and commute via two Metro North railroad stations - Noroton
Heights and Darien - to Grand Central Terminal in less than an hour. The town
includes four parks, two beaches on Long Island Sound, three country clubs, a
hunt club and two yacht clubs.

"Our firm has represented breathtaking estates across the nation, and
this is one of the most impressive properties we have had the pleasure to
work with. The design is impeccable, the construction superb, and the
location ideal," stated Laura Brady, Vice President of Marketing for
Concierge Auctions. "This Absolute auction is not only the most extravagant
opportunity in the tri-state area, but arguably in the country. Buyers and
their representing financial advisers and real estate brokers should take
notice of this rare occasion."

The live, Absolute auction of 17 Tokeneke Trail will be held on June 25.
Phone and Internet bidding will be available. See Auction Terms and
Conditions for full details. The property is open for preview daily from
1-4pm and by appointment. For more information, visit
www.DarienAuction.com or call 800-436-0972.

About Concierge Auctions: Concierge Auctions is the preeminent luxury
real estate auction firm serving high-end sellers nationwide through an
accelerated marketing process that obtains fair market value for high-end
properties in a 60-day timeframe. As a preferred auction partner to Sotheby's
International Realty(R) and other luxury brokerage firms nationwide, the
company has executed auctions from New York to Hawaii and hosts a database
that includes more than 100,000 luxury real estate buyers and agents from all
50 states and 38 countries and territories. The principals of Concierge
Auctions have been involved in the transfer of more than $2 billion in luxury
real estate sales over the past 10 years. For more information, call
888-966-4759 or visit www.ConciergeAuctions.com

Joshua Greenwald, Rubenstein Public Relations, +1-212-843-8037, jgreenwald at rubensteinpr.com