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Golf

Owners turning to auctions to sell their high-end properties

Bob and Karin Weber built their dream home 14 years ago, creating an 11,000-square-foot mountaintop oasis. Now that the couple is in their 70s, they're ready to downsize and possibly move to nearby Vail. After trying the traditional list-and-wait method of selling the 35-acre Elk Ridge Ranch, the Webers are putting their estate up for auction, hoping for a streamlined process and a more lucrative result. Once considered a last resort to dump a property that was distressed or couldn't sell, auctions have become a viable marketing option for selling luxury homes, mirroring common marketing techniques for high-end art, antiques and collectibles. There are still plenty of...

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