- The auction will be held on October 25th, 2018 at 12 pm WT(3 pm ET) by auctioneer
Michael Casacci.
- Bidders have to go on this web address
https://auction.propy.com and follow the inner istructions or may download, fill out, print out and sign the
Bidder Terms and Conditions and the
Bidder Registration Form.
These must then be either scanned and emailed to
michaelcasacci@gmail.com or
rick@hiltonhyland.com or mailed to Hilton and Hyland - 257 N Canon Drive, Beverly Hills, no later than October 23rd, 2018 at 3 pm eastern time (48 hours prior to the auction). Concurrently, a deposit as specified in the Bidder Registration Form
must be transferred to the escrow account also specified in the aforesaid document.
- As established in the
Appraisal section and
Offer Criteria section of this site, the estimated auction price is over €38,000,000 with a
redevelopment plan included, or at €36,000,000 without including the
redevelopment plan.“However considering the characteristics of the property from the standpoint of it being a work of art and having other uncommon features, it should come as no surprise if the value of such a rare property were to appreciate to the point of doubling or trebling in relation to the value based solely on real estate criteria” Ivan Mammuccari (appraiser)
-
Mr. Rick Hilton and
Advisors eventually may be contacted for the assitance in the due diligence (see
Legal section).
The auction will be won by the highest bidder.
- Parties (winning bidder and the owner) will have until November 07th, 2018 to sign the
notary deed of sale (provided in the
Legal section) with the notary in Rome.
