A 40-acre Temecula, Calif., estate built by the late actor Jack Klugman will be auctioned July 27 using Premiere Estates Auction Co.’s “WorldBid Auction platform.” The company requires only a bidder registration form and a $100,000 cashier’s check to register to bid for the home, originally listed for $12 million.

Luxury real estate auctions are taking off, according to blogger Candy Evans, who says auctions  “are a great way, in fact, maybe the only way, to unload big, kinda albatross-y homes, as well as your standard multimillion-dollar fare.” Evans reports that the nation’s third-largest auction house, Dallas-based Heritage Auctions, is now conducting luxury real estate auctions. Source: prnewswire.com.

– See more at: http://www.inman.com/wire/luxury-auctions-catching-on/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29#sthash.qMsxT5ED.dpuf

Luxury auctions catching on | Inman News.