Artfact Announces Auction for the Largest Collection of Unpublished Marilyn Monroe Photography

Collection from Celebrity and Fashion Photographer Milton H. Greene

BOSTON-Today Artfact, the world’s largest online live auction marketplace, announced that it currently has, exclusively at auction online, one of the largest collections of unpublished images of Marilyn Monroe from the collection of celebrity fashion photographer Milton H. Greene.

This Marilyn Monroe photography live auction begins on Saturday, July 27 at 11:00 AM PST and is offered by the auction house Profiles in History. The collection includes 82 lots (lots 1 through 82) of Marilyn Monroe photography with some never before seen at auction until now. The 3,700 camera negatives comprising the Marilyn Monroe portion of the Greene archive represent the largest sequence from the actress’s mature working life ever offered for public sale. In addition, the images in this exclusive collection are being sold with copyright enabling a potential buyer to print images from the negatives and transparencies, sell them and license the material.

“These Marilyn Monroe negatives and transparencies are, by far, the most amazing and iconic archive of unpublished images from the property of renowned celebrity and fashion photographer, Milton H. Greene,” stated Lou Bustamante, creative director, Profiles in History. “This is one of the most important celebrity photography offerings of our time.”

“Artfact is proud to bring this fabulous and extensive collection of Marilyn Monroe photography to the public. As one of our greatest cultural icons and celebrities, we’re thrilled to showcase this exclusive line-up featuring Marilyn Monroe,” said Artfact CEO Rob Weisberg.

The collection of Marilyn Monroe color and black-and-white photography ranges from the formal, to the fashionable to the provocative. It includes transparencies and negatives from some of her most well-known sessions with Greene, including their first day together (the “Balalaika” sitting), the “Ballerina” sitting, the “Nude” sitting and images related to her work in such films as “Bus Stop” and “The Prince and the Showgirl”.

Marilyn Monroe (born Norma Jeane Mortenson; June 1, 1926 – August 5, 1962) was an American actress, model and singer, who became a major celebrity, starring in a number of commercially successful motion pictures during the 1950s and early 1960s. Monroe and Greene began working together in 1953 and shot more than 50 sittings over the course of four years. Greene experienced considerable success in a career that spanned more than four decades, and was well known for his work featured in such publications as Life, Look, Harper’s Bazaar and Vogue.

This exclusive auction also includes a number of other significant items from Greene’s portfolio, including negatives and transparencies from well-known sessions with Jane Fonda, Elizabeth Taylor, Steve McQueen and Audrey Hepburn. Online bidding is now available on Artfact.com and will remain open leading up to the sale on Saturday, July 27 AT 11:00 AM PST.

About Artfact
Artfact is the world leader in developing SaaS and ecommerce applications for the auction industry. Comprised of Auctionzip.com, Artfact.com, Invaluable.com and RFC Systems, Artfact is the world’s largest live auction marketplace, reaching over 30 million unique bidders a year, and serving more than 25,000 individual auction houses globally. Through Artfact’s web properties, more than 3 million visitors per month arrive at the virtual doorsteps of auctioneers with unprecedented access to search and buy from over 160,000 auctions each year with a combined value of over $25 billion. For additional information, visit www.artfact.com.

About Profiles in History
Founded in 1985 by Joseph Maddalena, Profiles in History is the world’s largest auctioneer & dealer of original Hollywood Memorabilia, historical autographs, letters, documents, vintage signed photographs and manuscripts. Born into a family of antiques dealers in Rhode Island, Joseph “Joe” Maddalena learned early on how to turn his passion of collecting historical autographs into a career. Upon graduation from Pepperdine, Joe pursued his passion to become a full-time dealer of historical documents, and opened his first office in 1985. Profiles in History has held some of the most prestigious and successful auctions of Hollywood memorabilia and own virtually every Guinness Book record for prices of original screen-used memorabilia. Highlights from their previous auctions include the “Cowardly Lion” costume from The Wizard of Oz ($805,000); Steve McQueen’s “Michael Delaney” racing suit from Le Mans ($960,000); From the history-making Debbie Reynolds Auction in June 2011, Profiles in History sold the Marilyn Monroe “Subway” Dress from The Seven Year Itch for $5.52M and the Audrey Hepburn Ascot Dress from My Fair Lady for $4.44M. In February 2012, Profiles in History arranged the sale of a pair of Judy Garland screen-used Ruby Slippers from The Wizard of Oz to the Academy of Motion Picture Arts & Sciences. In addition, Joe Maddalena is the star of Hollywood Treasure, which just ended its second season on Syfy. Hollywood Treasure takes viewers into the fascinating world of showbiz and pop culture memorabilia. For more information visit www.profilesinhistory.com.

Contacts

Artfact Media Relations
Josh Hale, 617-746-9883
pr@artfact.com

or

Profiles in History
Nancy Seltzer & Associates
Nancy Seltzer, 323-938-3562
nseltzer@nsapr.com

Artfact Offers a Series of Rare Personal Items from American Heroes Including President John F. Kennedy, Ernest Hemingway, Mark Twain and Alexander Graham Bell

BOSTON--Today, Artfact, the world’s largest online live auction marketplace, announced that it currently has, exclusively online at auction, a line-up of items from some of America’s greatest heroes from across the spectrum of literature and science to politics. Run by the auction house, Profiles in History, this rare series of items is exclusively online at auction today on Artfact.com and include the following:

“Profiles in History is proud to announce an unprecedented variety of auction items for July”

The White House pen used to sign the Minimum Wage Bill by President Kennedy on May 5, 1961. This auction item also includes a black-and-white photograph of President Kennedy signing the bill while surrounded by Senator Pat McNamara, Congressmen Adam Clayton Powell, John McCormack, Alvin E. O’Konski, James Roosevelt, George Meany and Secretary Arthur Goldberg. Kennedy has inscribed in black ink, “For James Roosevelt – labor made this important advance possible – with esteem and warm regards John Kennedy.” Inscribed in white lettering on the clear acrylic body of this Esterbrook “bill signer” fountain pen reads, “THE PRESIDENT – THE WHITE HOUSE”.

Another item of great literary and historic significance is a superb first issue of one of the most important and influential books in American literature, Mark Twain’s “The Adventures of Huckleberry Finn.” This first edition of Samuel Langhorne Clemens’s classic tale, critics regard “The Adventures of Huckleberry Finn” as his fictional masterpiece which paved the way for modern American literature. This copy has all of the agreed-upon first issue points for cloth copies: title leaf a cancel, with copyright notice dated 1884. This first edition is in the original gilt-and-black-stamped green pictorial cloth and is housed in a modern quarter morocco box. It is has an estimated price of $8,000 - $12,000.

Next is an item from the personal collection of Alexander Graham Bell and features his extraordinary historic aviation archive including a 217-page handwritten and extra-illustrated laboratory journal. Estimated to sell between $120,000 and $150,000, the archive includes more than 950 photographs documenting his early experiments, including the tetrahedral kites Bell used in his pursuit of manned flight.

The last two items for this sale include two rare pieces from Ernest Hemingway. The first is a three-piece matador uniform related to Hemingway’s last great work, “The Dangerous Summer.” Worn by the great Antonio Ordóñez, who was part of the central focus of the book, this matador uniform is accompanied by a sword purchased by Hemingway for his friend and editor A.E. Hotchner and a “lucky chestnut” that Hemingway carried around with him for 11 years before returning it to his friend one month before committing suicide. All items are accompanied by highly detailed provenance from Hotchner and have a total estimated value of $25,000 - $50,000.

The second Hemingway item features the author’s personal travel typewriter with its leather case. This is regarded by some as one of the most important literary relics of the 20^th century, having been used by the author to type his last great work. This Halda Swedish-made typewriter is fully functional and comes with its original leatherette case exhibiting somewhat tattered transportation stickers from both the American Export Line and the French Line. Both have crucial identification, in an unknown hand, marked “E.Hemi…” on American Export Line sticker, and “Hemingway” with destination of “Le Hav…” on French Line sticker — both being torn and scuffed from extensive travel. The typewriter was obtained from famed author A. E. Hotchner and is listed with an estimated price of $60,000 - $80,000.

“Profiles in History is proud to announce an unprecedented variety of auction items for July,” stated Lou Bustamante, creative director, Profiles in History. “Rarely do we get to see a line-up such personal and historically significant items from American luminaries including President John F. Kennedy, Mark Twain, Ernest Hemingway and Alexander Graham Bell. As we reflect on the history and achievements of this nation, it’s critical for us to cherish and carry on the artifacts of some of our greatest legends.”

About Artfact

Artfact is the world leader in developing SaaS and ecommerce applications for the auction industry. Comprised of Auctionzip.com, Artfact.com, Invaluable.com and RFC Systems, Artfact is the world’s largest live auction marketplace, reaching over 30 million unique bidders a year, and serving more than 25,000 individual auction houses globally. Through Artfact’s web properties, more than 3 million visitors per month arrive at the virtual doorsteps of auctioneers with unprecedented access to search and buy from over 160,000 auctions each year with a combined value of over $25 billion. For additional information, visit www.artfact.com.

About Profiles in History

Founded in 1985 by Joseph Maddalena, Profiles in History is the world’s largest auctioneer & dealer of original Hollywood Memorabilia, historical autographs, letters, documents, vintage signed photographs and manuscripts. Born into a family of antiques dealers in Rhode Island, Joseph “Joe” Maddalena learned early on how to turn his passion of collecting historical autographs into a career. Upon graduation from Pepperdine, Joe pursued his passion to become a full-time dealer of historical documents, and opened his first office in 1985. Profiles in History has held some of the most prestigious and successful auctions of Hollywood memorabilia and own virtually every Guinness Book record for prices of original screen-used memorabilia. Highlights from their previous auctions include the “Cowardly Lion” costume from The Wizard of Oz ($805,000); Steve McQueen’s “Michael Delaney” racing suit from Le Mans ($960,000); From the history-making Debbie Reynolds Auction in June 2011, Profiles in History sold the Marilyn Monroe “Subway” Dress from The Seven Year Itch for $5.52M and the Audrey Hepburn Ascot Dress from My Fair Lady for $4.44M. In February 2012, Profiles in History arranged the sale of a pair of Judy Garland screen-used Ruby Slippers from The Wizard of Oz to the Academy of Motion Picture Arts & Sciences. In addition, Joe Maddalena is the star of Hollywood Treasure, which just ended its second season on Syfy. Hollywood Treasure takes viewers into the fascinating world of showbiz and pop culture memorabilia. For more information visit www.profilesinhistory.com

Contacts

Artfact
Artfact Media Relations
Darcy Sly, 617-213-0145
pr@artfact.com
or
Profiles in History
Nancy Seltzer & Associates
Nancy Seltzer, 323-938-3562
nseltzer@nsapr.com

When the Bidding Stops: Artfact, uShip Deal Addresses Online Auction Buyers’ Big Frustration

AUSTIN and BOSTON – July 9, 2013 – For years, auction houses have opened their doors to online buyers. Yet few have adequately addressed the “Now what?” question virtual buyers invariably ask when faced with shipping after winning an item.

A partnership between online auction marketplace Artfact and uShip, the online shipping marketplace, is making the post-auction experience more e-commerce friendly for Internet-based buyers by placing uShip’s Shipping Price Estimator^tm directly within Lot Detail pages on the Artfact network of Web properties, including Artfact.com, Auctionzip.com and Invaluable.com.

Artfact’s customers now see approximate shipping costs based on comparable item, weight and distance moves on uShip, and then within a few clicks, can connect with thousands of feedback-rated service providers in uShip’s network to get their item moved, whether it’s decorative arts, antiques or collectibles.

uShip’s marketplace connects people with transport companies that competitively bid to win business. Carriers use uShip to maximize their loads and fill extra truck space at deeply discounted rates, helping customers save an average of 50 percent over traditional rates.

“We heard from our customers that they wanted a way to determine shipping costs and get their items moved after winning. Our partnership with uShip gives them an easy and affordable way to do that,” said Josh Hale, vice president of product & marketing, Artfact.

“uShip’s Shipping Price Estimator can serve as a pricing barometer specifically for Artfact customers who may not be aware of the cost to transport auction items. It offers a reliable source for that information and gives them access to trusted service providers who understand what it takes to move larger-than-parcel deliveries,” said Philip Strohl, vice president, business development at uShip.

About Artfact

Artfact is the world leader in developing SaaS and ecommerce applications for the auction industry. Comprised of Auctionzip.com, Artfact.com, Invaluable.com and RFC Systems, Artfact is the world’s largest live auction marketplace, reaching over 30 million unique bidders a year, and serving more than 25,000 individual auction houses globally. Through Artfact’s web properties, more than 3 million visitors per month arrive at the virtual doorsteps of auctioneers with unprecedented access to search and buy from over 160,000 auctions each year with a combined value of over $25 billion. For additional information, visit www.artfact.com.

About uShip

uShip.com is the world’s largest and most trusted online freight exchange serving the freight, household goods and vehicle shipping markets among other verticals. Consumers and businesses can compare and book upfront quotes, name their own price or receive auction-style bids from thousands of customer-reviewed Transportation Service Providers, ranging from independent owner-operators to the largest freight carriers and brokers.  Launched in 2004, Austin, Texas-based uShip operates globally with localized sites in 19 countries and regions on six continents, including North America, Europe, South America, India, Africa and Australia.  http://www.uship.com

uShip is also featured on A&E’s “Shipping Wars,” a real-life series that follows a handful of independent truckers who competitively bid to transport oversized, bulky loads found on uShip.com.  “Shipping Wars” is currently in Season 4 and airs Tuesday 10/9c only on A&E.

Media Contacts:

Dean Jutilla

uShip

dean@uship.com

650.814.3854

Josh Hale

Artfact

jhale@Artfact.com

617.746.9883

Artfact Offering Lady Gaga’s Unique Acrylic Nail from Her “Born This Way Tour”

Item Currently at Auction for $1,500 and the Live Auction Takes Place on May 30 in the UK

BOSTON--Today, Artfact, the world’s largest online live auction marketplace, announced that it currently has, exclusively at auction, an acrylic nail worn personally by Lady Gaga. The item’s authenticity is guaranteed by the auctioneer, UK-based PFC Auctioneers. The item is a black acrylic finger nail featuring an intricate gold bead pattern that was personally worn by Lady Gaga during her “The Born This Way Ball” tour at the Aviva Stadium in Dublin on Saturday, September 15, 2012.

“This item is expected to have broad appeal from Lady Gaga’s ardent fans who want something personal for their collection.”

Visit Artfact.com to view the item and most current bid price, which at the time of this release was at £1,000 pounds or more than $1,500. Online bidding is now available exclusively through the Artfact websites and will be ending on May 30, 2013 6:00 PM GMT in the UK. In order to bid on this item, simply go to Artfact.com and place your bid according to the site's detailed instructions.

This acrylic nail was personally worn by Lady Gaga during her “The Born This Way Ball” tour in Dublin. The nail was recovered from the stage by a crew member after Lady Gaga finished her performance. The nail is also accompanied by a photograph of Lady Gaga on stage at the event, clearly showing her missing acrylic finger nail from the little finger of her left hand. Also a second photograph showing Gaga wearing the same Aya Fukuda designed acrylic nails at the launch of her perfume in New York the night before her Dublin performance. Also included with this lot are an Aviva Stadium staff handbook, an event crew wristband and a Lady Gaga “The Born This Way Ball” local crew grey t-shirt. In addition, it is accompanied by a letter of provenance from the consignor stating how he obtained the item, including "I noticed an object on the floor of the stage, which at first I thought was a guitar plectrum. When I picked it up, I saw it was an acrylic nail."

“As a leading pop icon of our times, a style leader and a highly influential cultural figure on a global scale, this piece of Lady Gaga’s personal style could appeal to both passionate collectors of pop culture relics or one of Gaga’s Monsters - the name she's given to her notoriously loyal fan base,” said Rob Weisberg, CEO of Artfact. “This item is expected to have broad appeal from Lady Gaga’s ardent fans who want something personal for their collection.”

Complete details can be viewed and an auction bid can be made by visiting the title of the lot “Lot 5: GAGA, LADY personally worn acrylic finger nail”. The item’s authenticity and provenance is guaranteed by the auctioneer, UK-based PFC Auctioneers. Other Lady Gaga items have fetched similarly high prices for seemingly mundane personal items. One of Lady Gaga’s teacups sold for £46,500 (or more than $70,200) at an auction in Japan to raise money for artists who suffered following the tsunami that hit Japan in March of 2011.

Artfact’s massive collection also currently has at auction a number of other personal items from some of world’s top music icons and celebrities. These items include a signed Michael Jackson fedora, a two-piece white suit personally owned by Elvis Presley and a personally owned and worn beige corduroy jacket by John Lennon. As the world’s largest live auction marketplace, Artfact and its properties feature rare and collectible celebrity items from around the world.

About Artfact

Artfact is the world leader in developing SaaS and ecommerce applications for the auction industry. Comprised of Auctionzip.com, Artfact.com, Invaluable.com and RFC Systems, Artfact is the world’s largest live auction marketplace, reaching over 30 million unique bidders a year, and serving more than 25,000 individual auction houses globally. Through Artfact’s web properties, more than 3 million visitors per month arrive at the virtual doorsteps of auctioneers with unprecedented access to search and buy from over 160,000 auctions each year with a combined value of over $25 billion. For additional information, visit www.artfact.com.

Contacts

Artfact Media Relations
Darcy Sly, 617-213-0145
pr@artfact.com

Recent Stories

AuctionZip Launches Beta of Its New “Timed Auction” Service

AuctionZip’s “Timed Auctions” Offer Significant Time and Cost Savings to Auctioneers and Buyers

BOSTON--(BUSINESS WIRE)--Today, AuctionZip, an Artfact company and part of the world’s largest online auction marketplace, announced the launch of a beta test for its new Timed Auction service as a complement to its Live! Auction product. Auctioneers may now post a Timed Auction that will run online for a defined period of time, allowing bidders to register and place maximum bids on items, which will be executed with confidence. Bidders are notified throughout each phase of the Timed Auction, so they have an opportunity to raise their bid amount and stay updated on their lot preferences. The closing of a Timed Auction is determined by a defined end time with extended bidding if there are additional bids in the last five minutes. When time is up, the highest online bidder wins.

“I am thrilled about the new Timed Auctions offering from AuctionZip”

AuctionZip’s Timed Auctions service saves auctioneers significant time and money compared to marketing and conducting a live auction. It creates a powerful new revenue stream and empowers auctioneers to maximize results for their consignors. As the go-to destination for more than 25,000 professional auctioneers and 13 million auction buyers, AuctionZip continues to be a proactive industry leader through new product development for both auctioneers and bidders. The beta test is currently open to all auctioneers and buyers. To view AuctionZip’s Timed Auctions beta service, visit www.auctionzip.com and select the “View Timed Auctions” beta link in the top left corner of the homepage.

“After considerable market analysis and auctioneer feedback, we are thrilled to launch the beta test of our new ‘Timed Auction’ service. We unveiled a beta of our ‘Timed Auction’ service on both Artfact and Invaluable in March of this year and we’re very excited to expand this service to our AuctionZip bidders and auctioneers,” said Rob Weisberg, CEO, Artfact, LLC. “This new feature provides our auctioneer partners with all of the benefits of a live auction, yet with considerable cost savings. It also offers significant business benefits to auctioneers selling time-sensitive and seasonal items. We look forward to collecting valuable feedback on our beta test to deliver a powerful and robust ‘Timed Auction’ service to our customers worldwide.”

“I am thrilled about the new Timed Auctions offering from AuctionZip,” said Jennings Gilmore, owner of the Columbia Auction Company based in Columbia, Mississippi. “This new feature fulfills a real need that I have for my business. I often have wonderful items for auction that I want to expose to a global audience, but not a large enough catalog to merit a live auction. AuctionZip Timed Auctions will give me the opportunity to sell my items in a timely manner rather than having to wait until I have enough volume to do a live auction. I plan on leveraging AuctionZip’s Timed Auctions frequently.”

About AuctionZip

As part of the Artfact network, AuctionZip is the world’s largest online auction marketplace. The company and its web properties are go-to destinations for more than 25,000 professional auctioneers and 13 million auction buyers. AuctionZip Live! is the nation’s largest online bidding destination. Every week the company lists thousands of new items at auction, and live auctions around the world. For more information, visit: www.auctionzip.com.

About Artfact

The industry leader since 1989, Artfact.com provides marketing and e-commerce services to the $40 billion live auctions market. As part of the Artfact network of web properties (Artfact.com, AuctionZip.com and Invaluable.com), Artfact.com supplies over 25,000 auctioneers worldwide with solutions including auction listings, online bidding, websites and auction management, employing the SaaS delivery method. Artfact’s database includes more than 57 million complete auction results totaling more than $204 billion in value, including information on more than 500,000 international artists. As the largest global marketplace for fine and decorative arts, antiques, collectibles and estate auctions, the Artfact network reaches over 2.5 million unique users monthly. Based in Boston and with offices in Pennsylvania and the United Kingdom, Artfact currently has partnerships with top appraisal associations worldwide.

Contacts

Artfact Media Relations
Darcy Sly, 617-213-0145
pr@artfact.com

Artfact Makes Two Strategic New Hires to Manage Significant Business Growth

Artfact Appoints D.J. Charles as Chief Technology Officer and Sean Quimby as Vice President of Operations

BOSTON--(BUSINESS WIRE)--Today, Artfact, the world’s largest online live auction marketplace, announced that it is appointing D.J. Charles as chief technology officer and Sean Quimby as vice president of operations. Both Charles and Quimby are appointed to executive positions as Artfact continues to build a world-class senior management team focused on delivering an unparalleled customer experience to consumers and businesses around the world.

“The addition of both D.J. and Sean will help Artfact, Invaluable and AuctionZip to deliver on our commitment to being the world’s leading resource for auction items – from antiques and collectibles to fine art and jewelry”

As top consumer brands in the live online auction marketplace, Artfact, Invaluable and AuctionZip continue to build on their strategic path of delivering a robust user experience. Artfact, the leading provider of SaaS technology and marketing services to the $40 billion live auction marketplace, is committed to delivering best-in-class solutions to businesses and consumers worldwide. Artfact, Invaluable and AuctionZip provide more than 25,000 auctioneers worldwide with a complete range of technology and marketing services including online live bidding, and integrated auction management software.

“The addition of both D.J. and Sean will help Artfact, Invaluable and AuctionZip to deliver on our commitment to being the world’s leading resource for auction items – from antiques and collectibles to fine art and jewelry,” said Rob Weisberg, CEO, Auction Holdings, Inc. “As we continue along our strategic path to evolve and innovate the live auction industry, D.J. and Sean will play critical roles on our senior management team.”

D.J. Charles joins Artfact as chief technology officer. Prior to Artfact, Charles served as vice president of development and chief technology officer at Perillon Software where he managed a team of engineers building on the company’s SaaS environmental product line for leading companies including Exxon Mobile, Barnes & Noble and Tiffany & Co. Before Perillon, Charles worked as both chief architect and acting general manager of Intuitive Manufacturing Systems based in Bedford, MA. Charles has more than 20 years of software and services industry experience.

Sean Quimby joins Artfact as vice president of operations. Prior to joining Artfact, Quimby served as global head of human resources at the world’s leading car sharing company, Zipcar. Quimby helped to grow Zipcar from 150 employees to more than 800 in four countries, 16 major domestic markets and 260 universities. Previously Sean spent many years in the service and hospitality industries including leading fitness organization Equinox and as managing partner of a multi-unit restaurant group. Quimby has 18 years of hands-on experience and brings Artfact a particular focus on customer experience, talent management and operational excellence in the face of exponential growth.

About Artfact

Artfact is the world leader in developing SaaS and ecommerce applications for the auction industry. Comprised of Auctionzip.com, Artfact.com, Invaluable.com and RFC Systems, Artfact is the world’s largest live auction marketplace, reaching over 30 million unique bidders a year, and serving more than 25,000 individual auction houses globally. Through Artfact’s web properties, more than 3 million visitors per month arrive at the virtual doorsteps of auctioneers with unprecedented access to search and buy from over 160,000 auctions each year with a combined value of over $25 billion. For additional information, visit www.artfact.com.

Contacts

Artfact Media Relations
Darcy Sly, 617-213-0145
pr@artfact.com

Artfact and World Legend Real Estate promote the first global real estate auction online in real time

Portuguese Auction Estates as Works of Art

·         Auction of 23 properties treated as true works of art, due on the 7th of May in Lisbon and online through Artfact websites

·         Average value of properties in auction stands at 1.5M€

April 14, 2013 - With over 100 years of experience in the marketing and auction of Engel&Volkers, a German real estate multinational, and StrongSource, a Portuguese real estate company, to hold on May 7th the first online auction of charm and luxury homes in real time on a global scale. All properties are presented as true Portuguese real estate works of art.

Aimed at the market of large investors, the base value of the 23 properties in auction varies between €160,000 and €7,250,000 and the base price is set at least 20% to 30% below the nominal market value. According to Portuguese law, any investor who purchases a property worth more than €500,000 can be assigned a residence visa in the country.

According to Price Waterhouse Coopers, 55% of investors believe that the current crisis in Europe represents an opportunity for making good real estate deals. Overall, investors are also beginning to address different markets, with secondary European cities such as Zurich and Istanbul appearing to benefit in detriment of saturated markets like London and Paris.

Participation in the auction can be done in four ways: in person at Av. Álvares Cabral, 35, in Lisbon, by phone or absentee bid, or online anywhere in the world through the platforms Artfact.com, Invaluable.com or AuctionZip.com. This is the first time that this global market leader of online auction platforms presents a catalog of real estate online in real time to purchase outside the U.S. The Artfact has a user community of over 17 million internet users.

All who wish to travel to Portugal to visit any of the properties at auction may do so between the 25th of April and the 6th of May.

For more information, go to www.worldlegend-realestate.com.