Beverly Hills-based auctioneer Kennedy Wilson Auction Group plans to auction off 30 model homes in a number of Valley communities this month, promising luxury living at 50 cents on the dollar.

The auction is scheduled for 1 p.m. Sept. 14 at the Hyatt Regency Scottsdale Resort and Spa at Gainey Ranch, with minimum bids starting at $90,000.

The Trend Homes-built models up for auction include six at the Lakes at Annecy and seven at Marque at Cooley Station, both in Gilbert. Another nine model homes are located at Tartesso in Buckeye, and eight more at Cortessa in Waddell, near Surprise.

Kennedy Wilson said each home is fully finished and landscaped as is the custom with high-end model homes.

Unlike "reserve" auctions, in which a seller may refuse the highest bid, Kennedy Wilson President Rhett Winchell said all winning bids at or above the minimum would result in a sale.

Kennedy Wilson also will host two free seminars for first-time bidders a week prior to the auction.

Story curtsey of The Arizona Republic