CHICAGO—Earlier this year, the national real estate brokerage firm Sperry Van Ness launched a Chicago-based franchise, called AuctionWorks, and the new venture will host a multi-property auction online from June 23 to the 25th. Potential buyers will have the opportunity to bid online or submit pre-auction offers for a diverse collection that includes both luxury homes and a set of bank-owned properties.

“Auctions have become a popular choice for sellers of luxury properties who are seeking more control over the sale process in a time when traditional sale contracts often fall apart due to financing and other contingencies,” said Diana M. Peterson, president of AuctionWorks, in a prepared statement. She was not available for comment yesterday, but GlobeSt.com will provide an update shortly.

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