The development rights for The Widi Reserve, an archipelago of more than 100 uninhabited tropical islands in eastern Indonesia, are set to be auctioned via Sotheby’s Concierge Auctions from December 8 to December 14.
While the law in Indonesia does not permit for the private ownership of islands, shares in a business can be sold, according to Sotheby’s—and that’s exactly what this “once-in-a-generation opportunity for billionaires” will offer. Buyers will bid for shares in Leadership Islands Indonesia (LII), a development firm that has licensed the rights to build a sustainable eco-resort and luxury residential properties on the islands.
In case you missed it: 5 Most Envy-Inducing Holiday Homes in Malaysia
Spanning over 85,000 hectares, the coral atoll archipelago offers 150km of white sand beaches, rainforests, mangroves and lagoons. Rare animals, including blue whales and 600 other documented species, can be found on and around the islands, and across the archipelago, 10,000 hectares will be available for “potential eco-conscious and gentle build-outs”, Sotheby’s says.
LII is working with American landscape architect Bill Bensley—who also worked on Capella Ubud in Bali, the Four Seasons Tented Camp Golden Triangle in Chiang Rai and more—to create designs for the resort.