Business

This undated photo shows the kitchen of a luxury home in Edwards, Colo. Once considered a last resort to dump a property that was distressed or couldn't sell, auctions have become a viable marketing option for selling luxury homes, mirroring common marketing techniques for high-end art, antiques and collectibles. There are still plenty of foreclosed luxury homes being sold off at cut-rate prices, but the perception of selling a luxury home via auction has started to change. (Ric Stovall/stovallstudio.com via AP)

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