NEWPORT BEACH, CA – Today, social media, the internet, smart phones and all manner of handheld communication devices are rapidly changing the way we interact with one another, how we shop, and the ways in which we conduct business. Why then, should pairing sellers of luxury residences with ideal buyers be any different? John McMonigle of Beverly Hills-based Teles Properties asked this very question. His answer?, a comprehensive national luxury auction platform focused on helping its clientele secure, prepare, and sell luxury properties–all while utilizing state-of-the-art technology, opening access to a global audience, and providing the peace of mind of a date-certain sale.

“By taking a time-tested process, offering a competitive bidding environment, and implementing a stringent vetting process for highly qualified and motivated bidders, MLUX Exchange gives sellers a new, end-result-driven way to sell their distinctive residences,” commented McMonigle. “Our solution-oriented platform maximizes values and removes sellers from the hassle of selling a home. By monetizing assets instead of liquidating them, we offer our clients an innovative, easy alternative to traditional real estate transactions.”

In the same manner that the distinguished auction firms have successfully created a market for luxury art, wine and jewelry by allowing bidders to compete in an open and transparent exchange, so too has established itself as the premier platform for the sale of luxury real estate where true market values are best realized at auction.

The dedicated and knowledgeable sales associates of MLUX Exchange are intimately familiar with their local markets. They prepare each property for auction while implementing an aggressive marketing campaign that maximizes exposure.

In today’s dynamic new real estate market, home buyers and home sellers alike need to know without a doubt that they are receiving the finest deal available to them. With MLUX Exchange luxury auction platform, clientele on both sides of a transaction are assured true value in a competitive environment that, by its very nature, confirms value. A tremendous alternative for sellers who desire a date-certain sale, MLUX Exchange helps build a sense of urgency among pre-qualified buyers. In turn, prospective buyers are able to review all documents associated with a pending auction, online, before they commit.

MLUX Exchange is the new way to buy and sell real estate. It offers an innovative process to ease the challenges of selling and acquiring luxury homes for both the buyer and seller by creating a multimedia approach that is an extension of the physical real estate experience. While traveling the world or in the privacy of their own homes, MLUX Exchange’s clientele can engage directly with available real estate on offer.

MLUX Exchange utilizes the web to provide efficient access and context for a broader audience interested in luxury real estate, therefore increasing value and shortening transaction time. Its innovative live bid process is founded on the heritage of the auction but is directed towards a generation of connoisseurs who see the web as a viable space to conduct their business from anywhere in the world. MLUX Exchange’s platform of luxury real estate auctions gives new access points to a diverse range of modern real estate needs and transaction timing in the utmost of transparency and free of geographical constraints.

For more information, visit, follow it on Facebook, or contact John McMonigle at 949.735.1004.