Sotheby’s snaps up Majestic Realty Collective
The collective, which encompasses eight Sotheby’s subsidiaries, closed over $13B in sales in 2025 and brings over 1,100 agents to the brand in the Western U.S.
In another sign of accelerating industry consolidation, Sotheby's International Realty, Inc. has acquired Majestic Realty Holdings LLC, the companies announced Wednesday, expanding Sotheby's market reach deeper into the Western U.S.
The announcement comes as Sotheby's celebrates its 50th anniversary. Terms of the transaction were not disclosed.
8 additional brands: The collective of brands includes LIV Sotheby's International Realty, Summit Sotheby's International Realty, Sierra Sotheby's International Realty, Las Vegas Sotheby's International Realty, Sun Valley Sotheby's International Realty, Group One Sotheby's International Realty, Desert Sotheby's International Realty and Central Coast Sotheby's International Realty.
Through its acquisition, Sotheby's gains access to key luxury markets in the West, including Denver, Park City, Telluride, Lake Tahoe, Sun Valley, San Luis Obispo and more.
With over $13.5 billion in sales volume across more than 10,000 transaction sides last year, Majestic Realty Collective was ranked the No. 19 U.S. real estate brokerage by sales volume in the 2025 Mega 1000 of T3 Sixty's Real Estate Almanac. The collective encompasses over 1,100 agents.
Sotheby's spans more than 1,100 offices — including more than 100 company-owned brokerage offices — across 86 countries and territories, with approximately 26,000 sales associates.
Maintaining leadership — and culture: Majestic Realty Collective will preserve its current leadership team and culture, the companies said in the announcement. That means Scott Webber, founder and CEO of Majestic Realty II, LLC, and Thomas Wright, president and COO of Majestic Realty II, LLC, and principal broker of Summit Sotheby's International Realty, will continue to serve at the collective's helm.
Webber said the organization was founded on the principle that advisors deserve access to a platform that can help them grow personally and professionally. By aligning with Sotheby's, he said the collective will gain access to even greater resources while preserving its identity and local expertise.
"The Sotheby's International Realty brand has been central to our growth, and this alignment creates even greater opportunities for our advisors while strengthening our ability to serve clients whose lives, businesses, and investments span multiple markets," Webber said.
Wright added that the partnership will bring "extraordinary results" for the companies' luxury advisors and clients alike.
'An ideal addition': Sotheby's President and CEO Philip White said the deal is a "natural evolution" of the companies' long relationship and praised Majestic Realty Collective's commitment to local expertise, entrepreneurism and the Sotheby's brand.
"Their success across many of the country's most influential luxury and resort markets makes them an ideal addition to Sotheby's International Realty, Inc. and further strengthens one of the industry's premier advisor networks," White said.
Luxury buyers today are looking not just for long-term investment value in their property purchase but for lifestyle perks, which White said fits Majestic Realty Collective's model and market scope.
"Majestic Realty Collective's footprint aligns perfectly with those trends and further strengthens our ability to serve clients wherever they choose to live, invest, and build wealth through real estate," he added.
Deal brings mutual benefits: In addition to growing its network across the West, Sotheby's stands to benefit from Majestic Realty Collective's growing new development business, which includes more than 40 new construction and master-planned communities, according to a news release.
Meanwhile, Majestic Realty Collective agents will gain access to Sotheby's vast global network and to Compass International Holdings' proprietary Home Platform, which began rolling out to Compass brands last week.
Other nuts and bolts: American Discovery Capital, LLC (ADC), which was a part owner of Majestic Realty Collective prior to the transaction, served as the company's financial advisor during the deal, the companies disclosed. ADC first invested in Majestic Realty Collective in 2021 out of its initial private equity fund.
Bodman PLC was Majestic Realty Collective's legal advisor for the acquisition.