LUXURY REAL ESTATE AUCTIONVAIL, COLORADOAUGUST 26TH, 2009 • 10:30 A.M.

The winning bidder will have a choice of

ONE OF TWO RESIDENCES!

VailRealEstateAuctions.comOR CALL 1-888-VAIL-BID (824-5243)

MINIMUM BID: $1,600,000

PREVIOUSLY LISTED AT:$2,799,000 (EACH)

LIVE AUCTIONBID IN PERSON, ONLINE, OR BY TELEPHONE

TORZETTO RESIDENCE 1 | 4327 STREAMSIDE CIRCLE

4-BEDROOM, 4.5-BATH, 4,283+/- SQ.FT. Stunning four bedroom home trimmed with tall pines and lush mountain landscaping. This new, contemporary mountain design provides a spectacular sense of living at nature’s doorstep with extensive use of glass, wood and stone. Designer gourmet kitchen, dramatic fl y-away wood and beam ceiling, heated stone entry and master bath fl oors, sunny, south-facing decks, four full and two half baths, den, studio, fi nished lower level and two-car garage.

SLIFER SMITH & FRAMPTON AUCTION DIVISION

WEB ID: AB18368

Vail When it comes to ski resorts, Vail is consistently ranked amongst the best. A blend of American and European cultures, Vail is charmed with cobblestone streets and walkways. In the summer, fi ll your days hiking through Colorado wildfl owers and your nights with cultural events like Bravo! Vail Valley Music Festival and the Vail International Dance Festival. In the winter, soft powder blankets the largest ski mountain in the United States.

East Vail, just minutes from Vail Village, is a true alpine setting. Huge evergreens and established trees line the neighborhoods. Gore Creek runs through with great fi shing and excellent rafting and kayaking during the spring. Outside your door are numerous hiking, snowshoeing, cross-country skiing trails and parks including Bighorn Park with a small scenic lake and surrounding path, playgrounds and dog run areas. Work out in the fi tness facility or play on the 12 tennis courts at the Vail Racquet Club and enjoy fi ne dining at the Bighorn Bistro afterwards.

With the easiest access from Denver, East Vail is a highly sought after location amongst the destination resort areas of the Vail Valley.

TORZETTO RESIDENCE 6 | 4367 STREAMSIDE CIRCLE

4-BEDROOM, 4.5-BATH, 4,179+/- SQ.FT. End residence with private drive, only steps to the Town of Vail bus stop. Beautiful alpine vistas, heated gallery stone entryway, heated master bath fl oor, cathedral wood ceilings, dramatic Colorado fl agstone fi replace, high windows, and decorative light panels bring nature inside while colorful landscaping, towering pine trees and the forested beauty of East Vail beckon from sunny, south-facing decks and walk-out patios.

VAILREALESTATEAUCTIONS.COM

WEB ID: AB18367

SLIFER SMITH & FRAMPTON AUCTION DIVISIONIn a continuing promise to lead the industry and deliver superior results, Slifer Smith & Frampton now offers a unique opportunity to buy and sell luxury real estate through our Auction Division. Since 1962 when Vail’s fi rst broker Rod Slifer founded our company, we have grown into the area’s largest and most experienced real estate fi rm, with over 100 brokers in 18 offi ces. Building upon four decades of service, Slifer Smith & Frampton now accounts for approximately half of Eagle County’s sales volume. Along with full-time, in-house closing, marketing and technology departments, we offer an award-winning website that averages over one million visitors a year from 140 countries. Our exclusive list of trusted clients spans the globe.

Slifer Smith & Frampton’s real estate auctions are an extraordinary opportunity to sell and purchase luxury property in the Vail Valley, one of the world’s most prestigious resort markets. Imagine a sales event that brings together a committed seller and multiple qualifi ed buyers eager to bid through the traditional live auction format as well as telephone and secure, online bidding during the event.

With over four decades of service, we have the expertise to help you accomplish your goals whether you are buying or selling. Count on experienced real estate brokers to help you make the right decision.

AUCTION INFORMATION

Announcements made by Slifer Smith & Frampton Real Estate Auction Division at the time of sale will take precedence over any previously printed material and/or any other oral statements made.

THE PROPERTY IS BEING SOLD TO THE HIGHEST BIDDER IN AN AUCTION SUBJECT TO A MINIMUM BID OF $1,600,000. Once fi nal bid is accepted, if Buyer is declared the successful bidder, Buyer and Seller will immediately execute a Bid Acceptance Form; select either 4327 Streamside Circle, Residence 1, Vail, Colorado 81657, OR, 4367 Streamside Circle, Residence 6, Vail, Colorado 81657, as the Property; execute the Contract to Buy and Sell Real Estate.

The bidding will be open and verbal. In-person bids, online bids and telephone bids will be accepted. Bids may be placed prior to the auction.

To obtain a bidder card, Buyer must provide $50,000 in “good funds” via electronic wire no later than close of business the day prior to the auction. At the time of registration for the auction, Buyer must execute a registration Agreement in order to obtain a bidder card.

A seven percent (7%) Buyer’s Premium will be paid by the Buyer and added to the successful bid on the Property. If the Successful Bidder participated in the auction through the internet (online bidding), the Buyer’s Premium shall be eight percent (8%).

The Successful Bidder will pay an additional deposit of an amount equal to 10% of the Purchase Price (the “Earnest Money”). The $50,000 previously deposit will be applied towards the Earnest Money.

The closing will occur on September 23, 2009.

It is the Buyer’s sole responsibility to perform any and all inspections it deems pertinent to the purchase of this Property and to be satisfi ed as to the Property’s condition prior to bidding. This property is being sold in “as is – where is” condition, with no expressed or implied guarantees or warranties whatsoever. Personal on-site inspection of the Property is recommended and Bidders are advised to independently verify all information they deem important.

Broker participation is welcome. To qualify for registration the real estate broker must: Register their prospect with Slifer Smith & Frampton Real Estate using the Broker Registration Form. The form must be received and processed by close of business the day preceding the auction. The form must be signed by both broker and prospect. All brokers must provide evidence of their active real estate license with the submittal of their Broker Registration Form.

The sale of the Property is not contingent upon the Buyer obtaining fi nancing.

DETAILED INFORMATION OF THE AUCTION TERMS AND CONDITIONS ARE INCLUDED IN THE PROPERTY INFORMATION PACKAGE.

OPEN HOUSE SCHEDULE

Friday, July 24, 2:00-5:00 PM

Sunday, July 26, 12:00-3:00 PM

Wednesday, July 29, 2:00-5:00 PM

Saturday, August 1, 2:00-5:00 PM

Wednesday, August 5, 2:00-5:00 PM

Saturday, August 8, 12:00-3:00 PM

Wednesday, August 12, 2:00-5:00 PM

Saturday, August 15, 12:00-3:00 PM

Monday, August 17, 2:00-5:00 PM

Saturday, August 22, 2:00-5:00 PM

Monday, August 24, 2:00-5:00 PM

AUCTION DAYWednesday,

August 26, 10:30 AM

CAN’T ATTEND? BID ONLINEVISIT WEBSITEFOR DETAILS

VailRealEstateAuctions.com1-888-VAIL-BID (824-5243)

© 2009 Slifer Smith & Frampton Real Estate