NewsPARAGON JEWEL ESTATE SELLS AT AUCTION THROUGH J. P. KING AUCTION COMPANYGale Lemerands Ormond Beach Estate to Sell at AuctionParagon Jewel Estate to Sell at Bank-Ordered Absolute AuctionTwo Penthouse Units at Lonestar Tower Sell at Absolute AuctionDeVita Ranch to Sell at Auction January 31stJ. P. King Auction Company Sells Collin County Ranch Estate at AuctionJ. P. King Auction Company Pre-Sells Sun Valley Riverfront Estate J. P. King to Sell 27 Home Sites at Auction, Some Waterfront, Some AbsoluteJ. P. King Auction Company to Sell Waterfront Estate in Sun Valley Ski Destination at Absolute AuctionPremier Thirty-Acre Lakefront Property With Four Estates to Sell at J. P. King AuctionJ. P. King Auction Company to Sell Washington Riverfront Estate at Real Estate AuctionJ. P. King Auctions Autographed Guitar for St. JudeJ. P. King Auction Company to Sell Blue Mesa Hideaway Estate and the Lake Fork Resort at AuctionJ. P. King Auction Company to Sell Waterfront Montana Estate at Absolute AuctionMossy Oak Properties Joins Forces with J. P. King Auction Company
Old Lyme mansion sells for $3 million
OLD LYME, CT – The Old Lyme mansion owned by former Merrill Lynch executive Daniel Gordon sold at auction today for $3 million, with J.P. King Auction Company, Gadsden, Ala., managing the sale.
“We had a great property and a strong field of bidders,” said Craig King, president of J.P. King. “That led to a solid outcome.”
Approximately 75 people attended the auction, held at the gated estate. Bidders came from Connecticut, Florida and New York, each posting a $100,000 cashier’s check to register for the auction.
Purchasing the property was Jon T. Lorensen, of Lighthouse Point, Fla., who owns Honda, Acura and Toyota dealerships in the area.
Bidders began gathering at the estate at 9 a.m., listening to live music and enjoying hors d’ oeuvres and discussing the property and auction procedures with J.P. King bid assistants as the auction hour approached.
The home – a majestic three-story mansion with its own guest house, pool, spa and tennis court surrounded by 21 wooded acres – has views of Long Island Sound and the Connecticut River.
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