Actor's Home on Rogue River near Eagle Point Sells for $5.57 Million at Auction
Actor Patrick Duffy's longtime Southern Oregon residence along the Rogue River, once for sale at $10,995,000, sold at auction this week for $5.75 million.
The "live" streamed auction at Sotheby's Auction House in New York lasted 15 minutes, with two determined bidders moving up $50,000 at a time.
The 329-acre Duffy Ranch at 436 Staley Road outside Eagle Point includes the main residence, pool house and 15-acre island in the river.
There was no pre-set reserve or minimum bid for the ranch, but interested buyers made offers to Sotheby's Concierge Auctions during the bidding period of December 7th-14th. On December 7th, the auction house received multiple bids at $3 million, $3.5 million, several at $3.75 million and one at $4 million.
The first bid of the "live" auction was $4.1 million, made by a representative of the unknown bidder who offered $3.5 million on December 7th and later prevailed as the winner with the final bid of $5.75 million.
Once the bids reached $4.5 million, the eventual winning bidder and a new bidder ratcheted up the price 23 times.
Concierge Auctions, which specializes in marketing luxury real estate worldwide, partnered with Duffy's listing broker, Alan DeVries of Cascade Hasson Sotheby's International Realty.
