The Kleeberg Residence, one of Manhattan’s historic 19th Century townhouses, beat auctioneers’ estimates by selling for $18.5 million at auction Tuesday, according to mobile application Instant Gavel. The 18-room mansion on the Upper West Side with an elaborate French Renaissance Revival facade was one of many properties participating in Concierge Auctions’ winter portfolio sale. Other luxury homes at the group auction included a condo in Telluride, Colorado, that sold for $7.1 million. The ultra-luxe townhouse, which is designated a city landmark, went to auction following a series of dramatic price cuts since it first hit the market in 2012. The highest bid, at $18.5 million, exceeded the high-end auction house’s expectations, which estimated that the home would go for between $13 million and $16 million. A spokesperson for Concierge did not immediately return request for comment. Still, the final sale price was less than half of the eye-watering $40 million original asking price the seller wanted in 2012. The price was reduced to $36 million in 2014, and reduced five more times until its latest listing price of $18.5 million (same as the highest bid) with Engel & Völkers New York Real Estate.

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