Photos: €4 million French chateau has €1 million auction start price
American couple are selling historic property near Cannes due to job change. It needs renovation work
The 16th Century Château de Tournon - which has 12 rooms, landscaped gardens and a swimming pool - is up for auctionCôte d’Azur Sotheby’s International Realty
An American couple who own a luxury château worth an estimated €4 million, are selling it at auction with a starting bid of €1 million.
The Château de Tournon in Montauroux (35km northwest of Cannes) dates to the 16th Century, with 528 m² of living space and nearly 6,000 m² of landscaped grounds.
Côte d’Azur Sotheby’s International Realty
The auction will last for two weeks, ending on November 13. The winning bidder will be announced the following day.
Evolving attitudes towards auction sales in France
Frédéric Barth, the estate agent at , said of the decision to sell at auction:
“Historically, auctions in France have been associated with liquidation or repossession, often perceived as a last resort for selling deteriorating property. This image contrasts with that of Anglo-Saxon countries, where auctions have long been synonymous with exclusivity and opportunity.
“Today, this model is changing: in the luxury property market, voluntary auctions are becoming a lever for value creation and transparency, attracting an international clientele and optimising transaction times."
Wine cellar, spa and swimming pool
The Provençal château has 12 rooms including six en-suite bedrooms, and was purchased two years ago.
While the property was intended to become the family residence, a professional opportunity abroad prompted the couple to sell.
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The estate also encompasses a natural wine cellar, a spa annex, expansive terraces, a 74 m² double garage, and two stone staircases leading to a 30 m² outdoor swimming pool.
Click on arrow to swipe between imagesCôte d’Azur Sotheby’s International Realty
Click on arrow to swipe between imagesCôte d’Azur Sotheby’s International Realty
Click on arrow to swipe between imagesCôte d’Azur Sotheby’s International Realty
Click on arrow to swipe between imagesCôte d’Azur Sotheby’s International Realty
Structural and technical work including electricity and plumbing has already been completed.
Mr Barth told The Connexion that the château “offers a rare opportunity to reinvent a 16th-Century heritage property into a prestigious residence combining authenticity, elegance and Mediterranean art de vivre.”