Ross Garber, co-founder of Vignette Corporation, and his wife, Laurie, will sell their multimillion-dollar estate at auction next month.
The luxury home and compound, which we featured here in March, has been on the market for $16.9 million. It will be auctioned on May 25 through Concierge Auctions, which made the announcement yesterday.
There are five total structures on the property; the two-story, 8,237-square-foot main house features Venetian plaster walls, antique limestone lutter, and rich Amarillo wood floors. The UV-coated windows and glass doors, large expanses of wall, and a air filtration system make it a good environment for fine art and provide stunning views at the same time.
The property is on 3.5 acres of architecturally designed grounds overlooking a private, protected canyon.
Garber stated for the announcement that he and his wife have built and are ready to move to a new property, and that he thinks the auction process is the best way to sell one-of-a-kind luxury properties. He added that he envisions it becoming the standard method for selling such properties in the future.
According to its website, Vignette was purchased and rebranded by OpenText, which primarily develops content management systems, in 2009.
• Notable Tech Entrepreneur Partners with Concierge Auctions to Sell His Secluded Austin Family Compound with Sweeping Canyon Views [press release]