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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: BenLurkin

the newspaper set it up for me to interview someone in their multi-million-dollar home so I could write about their free-standing barbecue pit. The “pit” was built to resemble a Greek temple and had marble columns, about five per side and a bunch of Greek style statues that were life-sized. It was either marble or faux marble.

The owner greeted me at the front door. The portico was also built along the style of a Greek temple with columns leading to a set of ten-foot-tall doors. The doors opened easily, which surprised me as they were massive. I walked in and noticed the vaulted ceiling was a good twenty feet up. Again, a few columns and then into the living room. Mercifully, the ceilings there were only about ten feet up.

Told you that to tell you this. The family actually lived hunkered down in a few rooms of normal size. You could see there were no lights on in the huge main rooms and we sat and chatted at an island in the kitchen. The house, other than those normal sized rooms, was like living in a public building. Psychologically very unwelcoming. (Oh, there was a library with a ladder on a runner like you see in film noir murder movies. I waited there for the owner to show.
I took a couple of books down to discover the pages had never been separated. Yep, just for show. Every leather-bound classic you could imagine.)

All I could think of was the cost of maintaining a huge building that was too big for comfort. There had to be a staff just to keep the floors clean. I have no idea what the owner did for a living. Sometimes to be successful, you have to live like you’re successful. I’ve known some big-time salesmen and they drive the most expensive car they can afford. I assume if you had a job where you had to entertain, you’d actually profit from having a home that big. But it can’t be good for your children who would always be treated by their “friends” in an “unreal” manner.


61 posted on 03/04/2022 3:01:21 PM PST by Gen.Blather (Wait! I said that out loud. Sorry.)
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To: BenLurkin

42 full baths, 7 half baths. Whoever built it must have been full of _____.


62 posted on 03/04/2022 3:05:07 PM PST by Pollster1 (America is no longer in Claire Wolfe's "awkward stage")
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To: Seaplaner

If you have time, THIS was a beautiful ‘modern’ home - and still is:

https://www.youtube.com/watch?v=qvQZbC1OOZc


63 posted on 03/04/2022 3:06:22 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: Slicksadick

Pfft! I’m so very tired of grey and white.


64 posted on 03/04/2022 3:07:39 PM PST by hoe_cake
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To: hoe_cake

And why a salon? I mean, like who’s going to see your coiffure but the other 20 people?


65 posted on 03/04/2022 3:10:44 PM PST by hoe_cake
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To: hoe_cake

I can understand some people having a salon facility - but three shampoo chairs?


66 posted on 03/04/2022 3:11:52 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: Jamestown1630

YES!!! But the seats are hard.


67 posted on 03/04/2022 3:11:54 PM PST by hoe_cake
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To: Jamestown1630

I’m greatly into interior design and architecture, have worked with some very talented people in these fields. I appreciate it all. But the overwhelming indulgence of oneself is offending to my sensibility.


68 posted on 03/04/2022 3:13:52 PM PST by hoe_cake
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To: hoe_cake

Cushions.

I’m wondering if I’d have a problem getting used to the constant sound of the creek. But I like the sound of the ocean, so...


69 posted on 03/04/2022 3:15:47 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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BEDROOMS 21

42F /7H BATHROOMS

105,000 SQ FT.

3.8± ACRES


70 posted on 03/04/2022 3:17:44 PM PST by deport
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To: Jamestown1630

No, you’d not have a problem with the sound of the water.

The serenity, the simple and clean lines


71 posted on 03/04/2022 3:18:24 PM PST by hoe_cake
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To: Jonty30

My thoughts exactly. That place is hideous.


72 posted on 03/04/2022 3:30:38 PM PST by Romulus
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To: ytrebil

LOL


73 posted on 03/04/2022 3:35:07 PM PST by duckman ( Not tired of winning!)
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To: Romulus

Hankey is a sharp-dressed man, though.

https://www.youtube.com/watch?v=lTOVzuJmd-U


74 posted on 03/04/2022 3:35:13 PM PST by hoe_cake
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To: hoe_cake

Jennifer Anniston had lots to say against this mansion, although she lives in one herself: https://www.mirror.co.uk/3am/celebrity-news/jennifer-aniston-leading-fight-against-6048955


75 posted on 03/04/2022 3:40:51 PM PST by hoe_cake
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To: duckman

“What is the monthly electric bill? Asking for a friend.”

My guess is $2K a month. I know a few in LA who pay $600 month on a four bedroom home.


76 posted on 03/04/2022 3:53:30 PM PST by Falconspeed ("Keep your fears to yourself, but share your courage with others." Robert Louis Stevenson.)
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To: BenLurkin

I hope they weren’t going for cozy ...


77 posted on 03/04/2022 4:00:50 PM PST by Let's Roll ("You can avoid reality, but you cannot avoid the consequences of avoiding reality" -- Ayn Rand)
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To: Scrambler Bob
And the new owner is going to flip it, right?

Maybe, but probably not at much of a profit, if any.

78 posted on 03/04/2022 4:03:44 PM PST by Ahithophel (Communication is an art form susceptible to sudden technical failure)
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To: Jamestown1630

I agree. It’s just BIG.
For whoever buys it-don’t forget to buy a golf kart to get around in.


79 posted on 03/04/2022 4:04:52 PM PST by telescope115 (Proud member of the ANTIFAuci movement. )
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To: jarwulf

I watched the entire video-it was fun to watch it, but it would not be fun living in such a huge house. I’m thinking because of the sheer size of the place, it might serve better as a medical treatment center, health spa, even a high class restaurant and nightclub. The possibilities are endless.
But NOT a home, especially for an egomaniac.


80 posted on 03/04/2022 4:12:54 PM PST by telescope115 (Proud member of the ANTIFAuci movement. )
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