{
  "id": 11532090,
  "title": "Wyoming ranch sat unsold 14 months; buyer appeared before no-reserve auction",
  "url": "https://urgent.news/2026/10/02/wyoming-ranch-sat-unsold-14-months-buyer-appeared-before-no-reserve",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T21:20:00.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/a-558-acre-wyoming-ranch-sat-unsold-for-14-months-even-after-its-price-fell-from-nearly-20-million-to-15-million-when-owners-scheduled-a-no-reserve-auction-a-buyer-made-an-offer-before-bidding-even-began/articleshow/134615381.cms"
  },
  "original_language": "en",
  "account": "A 558-acre ranch near Bondurant, Wyoming, went unsold for 14 months despite a price reduction from nearly $20 million to $15 million. The property, dubbed Miner Creek Ranch, was listed in July 2025 but failed to sell even after the lower asking price. The owner then enlisted the help of an auction house, DeCaro Auctions International, to organize a no-reserve auction scheduled for September 24. Before the auction could commence, a buyer submitted an offer below the $15 million listing price, thereby ending the 14-month waiting period in just 36 days. This instance demonstrates how establishing a deadline can influence potential buyers' actions. Miner Creek Ranch, situated at 101 Miner Creek Road in Sublette County, is located on the outskirts of the Bridger-Teton National Forest and features a large residence, guest accommodations, and several other buildings spread across its 558-acre expanse. Originally listed for nearly $20 million in July 2025, the ranch's asking price was lowered to $15 million in October, yet the property remained unsold throughout the subsequent months. The property's owner eventually entrusted DeCaro Auctions International to handle a no-reserve auction, under which the property would be sold to the highest bidder without a minimum price constraint. Mario Vargas, CEO of DeCaro Auctions International, noted that luxury properties in Jackson Hole are seldom sold via auctions and even rarer for one to sell before bids have been placed. Vargas mentioned that the extensive marketing and outreach efforts created significant excitement surrounding the auction, effectively generating a sense of urgency. Around 40 prospective bidders attended the ranch during a 36-day period, with one buyer ultimately submitting a pre-auction offer below the $15 million asking price. The seller accepted this offer, thereby avoiding the scheduled auction date on September 24.",
  "summary": "A 558-acre Wyoming ranch sat unsold for 14 months despite a price cut from nearly $20 million to $15 million. When the owner planned a no-reserve auction, about 40 prospective bidders visited the property in 36 days, prompting one buyer to make an offer before the auction began.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}