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This profile was last updated on 8/4/15  and contains information from public web pages and contributions from the ZoomInfo community.

Chief Operating Officer

Phone: (212) ***-****  
Email: m***@***.com
Concierge Auctions
405 Lexington Avenue
New York , New York 10174
United States

Company Description: About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers worldwide through an accelerated...   more

Employment History

Board Memberships and Affiliations


  • economics
    University of Massachusetts
64 Total References
Web References
"Having been in at least a ... [cached]
"Having been in at least a thousand luxury homes around the world as a part of my job, I can truly say that this particular house stands out as one of my all time favorites," said Mike Russo, vice president of business development for Concierge Auctions.
Concierge Auctions Names ..., 1 May 2014 [cached]
Concierge Auctions Names Michael S. Russo Vice President of Project Management Concierge Auctions Names Michael S. Russo Vice President of | Press Release Press Related Press Releases
Concierge Auctions Names Michael S. Russo Vice President of Project Management
Concierge Auctions Names Michael S. Russo Vice President of Project Management
Concierge Auctions Names Michael S. Russo Vice President of Project Management PR Newswire ASPEN, Colo., June 3
ASPEN, Colo., June 3 /PRNewswire/ -- Michael S. Russo was named Vice President of Project Management for Concierge Auctions, the preeminent luxury real estate auction firm serving high-end sellers nationwide, the company has announced. Russo is responsible for overseeing the company's project managers who are charged with leading assignments on location and managing the overall marketing strategy, broker and buyer outreach and seller relations from launch through auction day. Russo will be based in Aspen, CO. "Working for Concierge Auctions is an amazing opportunity," Russo said. "The ability to build on my experience in luxury real estate and continue to pursue my passion for best-in-class results was of particular interest. The Concierge platform is a transparent method for maximizing value and is changing the luxury real estate landscape. Concierge has assembled an experienced team of project managers who are skilled and motivated. I look forward to working with them to continue the company's track record of successful sales." Previously, Russo served as a president of Aspen Sotheby's International Realty, where he managed the entire firm, from sales and marketing to business operations. He initiated and facilitated the combining of Aspen Sotheby's International Realty and Morris & Fyrwald Sotheby's International Realty, which created the largest luxury real estate brokerage firm in Aspen. Prior to this, Russo held various roles at Cendant Corporation (now Realogy), which entered into a $100 million licensing agreement with Sotheby's International Realty to increase their dominance of the high-end residential real estate market. He began in franchise sales for RCI Holiday Network within the company before being promoted to Assistant Regional Vice President of Coldwell Banker Midwest, then Regional Vice President of Sotheby's International Realty. "Mike has been around sales and marketing throughout his career, with particular focus on luxury real estate.
Russo studied economics at the University of Massachusetts and holds certificates in sales management from both Harvard Business School and Wharton Business School.
Deals that closed in October could ..., 29 Nov 2007 [cached]
Deals that closed in October could have been affected by the credit crisis that evolved in August, said Michael Russo, managing partner at Aspen Sotheby's International Realty.The credit crunch surfaced when banks and lenders tightened credit because of soaring numbers of defaults on loans, especially to people with weak credit histories.
Well-heeled buyers in the Aspen-area market are "immune" to tightening credit, Russo said.They often have the financial resources to pay cash for a second, third or fourth home worth millions.
But Russo said some would-be buyers in Aspen might have wanted to wait to see if prices of real estate would be affected by national conditions."They wonder if they can buy more for less," he said.
Some buyers also are likely waiting to see if turbulence in the broader financial markets will impact their portfolios, according to Russo.
Russo said 2007 won't be a record breaker, but that shouldn't taint the performance."You're still looking at the second best year," he said.
However, those statistics are deceiving without digging further, Russo said.The vast majority of the decline is because of fewer sales of fractional ownership residences.Whole-ownership transactions are off by about 100 sales or 10 percent for the year-to-date.
One striking feature in the Aspen market is the high amount of inventory at and above $8 million, Russo said.
"Having spent over 10 years selling ..., 8 July 2015 [cached]
"Having spent over 10 years selling real estate in the West, I have seen properties sell for over $40 million that have a fraction of what Big Wood River Estate offers," Concierge Auctions VP Mike Russo told CNNMoney in a statement.
These properties are perfect ..., 3 June 2013 [cached]
These properties are perfect representations of the high-caliber assets we excel with, and to have sold both on the same day is a great accomplishment," stated Mike Russo, Chief Operating Officer for Concierge Auctions.
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