Vancouver-based Ritchie Bros. Auctioneers is holding an unreserved auction on November 17 in the Beverly Hills Hotel to offload 12 acres of land in Hollywood’s Laurel Canyon, a property that features stunning views and a chance to live amongst the stars.
“It’s really the last parcel of this size available in the Hollywood Hills,” said Kim Schulz, spokesperson for Ritchie Bros. “I’ve walked the property. It’s amazing… the houses [in the area] are worth millions.”

Ritchie Bros. believes the slumping real estate market is unlikely to affect demand for such a high-end piece of real estate, said Ms. Schulz.

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Posted: 09|13|07 at 9:28 am. Filed under: US Auction News.