Murray City and Hamlet Homes are taking advantage of growing buyer interest in living and working near the regional TRAX light rail system, which has operated in the Salt Lake Valley since 1999.
What happened, producers and retailers say, is that the buffalo, the great ruminant of the Plains — once endangered, now raised on ranches by the tens of thousands — has thundered into an era of growing buyer concern about where food comes from, what an animal dined on and how it all affects the planet.
The evening's auction, the second of the week, illustrated how — with supplies dwindling and the number of new collectors growing — many buyers are finding the marketplace particularly competitive, even for works that are not considered top flight.
Mark Moehrke, director of Russian works of art at Christie's, said demand for Fabergé with an imperial provenance is growing, from buyers in Russia, the United States and Europe, but also the Middle East, Latin America, and most recently, South East Asia.
Once the nation's credit shores dried up, there were few buyers who could reasonably afford the inflated prices, which quickly began dropping once inventory grew and buyers stayed home.
And as the fractional market grows, potential buyers and owners are seeing more travel options, with developers now looking at urban markets.
As an expanding local economy lifts salaries, housing prices grow because buyers have the money to pay for better properties.
The firm's Middle Eastern clients include banks that are financing aircraft headed for the United Arab Emirates, high-net-worth private buyers and a growing number of corporate buyers.
He is ignoring a growing inequality among buyers in different boroughs, and even different neighbourhoods.
The growing competition among buyers could make it a full-fledged seller's market.
