After less than an hour of bidding Friday morning, what may be the largest home in Teton County sold for $17.5 million, plus a $1.75 million buyer’s fee.
Conducted in one of the main living rooms at the house, the auction drew nearly 20 bidders for the 24,000-square-foot home on 11 acres formerly owned by Kirk and Melanie Roney.
“I thought they did pretty well,” Rick Armstrong, owner of RARE Properties of Jackson Hole, said of the selling price.
Because buyers of properties in that price range often have particular tastes, Armstrong said, “it’s sometimes tricky to sell these extremely large houses.”
Concierge Auctions, the firm that conducted the sale, made the event an enjoyable experience, Armstrong said.
“I felt like the auction company did a good job,” he said. “It was a unique experience — fun to be involved in and to watch it.”
Armstrong said he attended the auction on behalf of a client.
“I wasn’t the prevailing party, unfortunately,” he said.
Out of respect for the privacy of the winning bidder, Armstrong declined to disclose the name.
“It is a very unique place,” he said of the property just northeast of Jackson Hole Mountain Resort. “The auction gave an interesting outlook on the value of our very high-end properties in Jackson Hole.”