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America's most expensive home flops at bankruptcy auction: Bel Air mansion 'The One' - once listed for $500million - sells for $126m, less than HALF the $295m asking price, after just five people bid on it
Daily Mail ^ | Ronny Reyes

Posted on 03/04/2022 1:40:11 PM PST by BenLurkin

Edited on 03/04/2022 2:19:53 PM PST by Admin Moderator. [history]

Concierge Auctions, which handled the sale, told the Los Angeles times that more than three dozen prospective buyers toured five-acre property in the last couple of months, including billionaires from across the US, Middle East and Asia.

However, when the auction opened on Monday, only five bidders from the US and New Zealand made offers on the 'white elephant' superhome, with the winning buyer remaining unidentified until paperwork is submitted to a U.S. Bankruptcy Court next week.


(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: belair; theone; whiteelephant
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To: Jamestown1630

I really is ugly, looks like just another commercial building. Like a big medial office building.

Interesting the big price drop.


21 posted on 03/04/2022 1:55:48 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: TexasFreeper2009

Probably bought by the state to house illegals.


22 posted on 03/04/2022 1:56:40 PM PST by MomwithHope (Forever grateful to all our patriots, past, present and future.)
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To: BenLurkin

Sorry, I don’t think it’s stylish or sophisticated at all.

It’s just some nouveau riche notion of what’s supposed to be ‘trendy’. Even the art is boring and meaningless and looks like some interior designer bought it wholesale.

I’m not against ‘modern’, but this doesn’t show any real concept or genius at all.


23 posted on 03/04/2022 1:57:28 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: BenLurkin
If I was worth $100 billion I wouldn't have the *slightest* desire to live in a $100 million house. My ego isn't nearly so fragile to compel me to own such a house.
24 posted on 03/04/2022 1:57:53 PM PST by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: BenLurkin

This aint squat. Ever been to the biltmore estate? You could ride Harley’s in The halls, camp out with 2 or 3 friends in some of the fire places. They have a room just for flower vases! 😃


25 posted on 03/04/2022 1:58:05 PM PST by Ikeon (Im not going to quit just because you yell louder.)
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To: BenLurkin

For the curious theres a pretty nice tour of it right here

https://www.youtube.com/watch?v=U8Cd_McCdow

its absolutely gigantic but the individual rooms themselves are kinda meh for the price and what you would expect for a typical home. So what you are buy is a huge load of middle class living space with amenities.


26 posted on 03/04/2022 1:58:10 PM PST by jarwulf
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To: BenLurkin

I’ve never understood why someone would want a house you need a golf cart to get around. Beautiful setting though.


27 posted on 03/04/2022 1:58:20 PM PST by McGavin999 (To shut down the border tell the administration the cartel is smuggling Ivermectin )
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To: Jamestown1630

There’s a utube video on it. You couldn’t pay me to live in that dump. Excess for the sake of excess. Cold, not thought out. Maybe some kind of over-the-top hotel.


28 posted on 03/04/2022 1:58:54 PM PST by stevio
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To: stevio

I wouldn’t even want it for a Zen meditation retreat...


29 posted on 03/04/2022 2:01:20 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: MomwithHope

Many families could easily live there.

Shades of Dr. Zhviago.


30 posted on 03/04/2022 2:04:52 PM PST by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: TexasFreeper2009

Russian oligarch checks are bouncy these days...


31 posted on 03/04/2022 2:05:57 PM PST by larrytown (A Cadet will not lie, cheat, steal, or tolerate those who do. Then they graduate...)
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To: TexasFreeper2009

“someone would have to be a moron to buy that in California”

Property tax on this thing starts at $2,520,000.00 per year.


32 posted on 03/04/2022 2:07:01 PM PST by MercyFlush (DANGER: You are being conditioned to view your freedom as selfish)
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To: BenLurkin
Nothing screams class like a wall of framed Playboy magazine covers.
33 posted on 03/04/2022 2:07:27 PM PST by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: BenLurkin

These are a bit more reasonable:

“Mansions No One Wants For Even $1”

https://www.youtube.com/watch?v=aUTtm_Jt9jU


34 posted on 03/04/2022 2:09:46 PM PST by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: BenLurkin

It makes me feel badly to see people have to live in such squalor.


35 posted on 03/04/2022 2:09:47 PM PST by GingisK
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To: BenLurkin

Bad time to not allow Russian Billionaires to not be able buy.......


36 posted on 03/04/2022 2:10:27 PM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: BenLurkin

Damn! Could’ve been mine if FHA hadn’t taken so darned long with all their f… paperwork !


37 posted on 03/04/2022 2:14:51 PM PST by faithhopecharity (“Politicians are not born. They’re excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: BenLurkin

Let me guess who the bidders were: Biden, Putin, Xi, Clinton, and Soros.


38 posted on 03/04/2022 2:15:14 PM PST by fruser1
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To: Jamestown1630

Concrete Slab


39 posted on 03/04/2022 2:15:25 PM PST by butlerweave
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To: Jim Robinson

Reminds me of the mansion on Scarface..


40 posted on 03/04/2022 2:18:08 PM PST by Bikkuri (I am proud to be a PureBlood.)
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