Sotheby's and Realogy to acquire Concierge Auctions.

Sotheby's, a premier destination for fine art and luxury goods, and Realogy, a full-service residential real estate services company, agreed to acquire Concierge Auctions, a global luxury real estate auction marketplace. Financial terms were not disclosed. "As demand for luxury real estate auctions increases, we believe Realogy and Sotheby's can jointly bring powerful data and network scale to Concierge Auctions, a valuable tool for real estate agents helping clients expertly navigate the global high-end property market. Laura and Chad have expanded how agents and clients can sell and buy a home, and I look forward to what we can now achieve, together," Ryan Schneider, Realogy CEO and President.