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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: stevio

“Excessive Manor”


81 posted on 03/04/2022 4:14:06 PM PST by telescope115 (Proud member of the ANTIFAuci movement. )
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To: duckman
"What is the monthly electric bill?"

Tel your friend, that, if they have to ask, they have no business even looking.

This looks like a perfect winter weekend getaway. Pool maintenance looks to have been kept up. That's a good thing.

Is it just me, but no helo landing pad? The nerve of these people. I'll pass, and let some down and out person purchase it.

82 posted on 03/04/2022 4:40:45 PM PST by Stanwood_Dave ("Testilying." Cop's lie, only while testifying, as taught in their respected Police Academy(s). )
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To: BenLurkin
When only 49 bathrooms will do...

42 full / 7 half

83 posted on 03/04/2022 4:51:21 PM PST by GaltAdonis
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To: Falconspeed

$10,000 per month would be closer.


84 posted on 03/04/2022 5:04:49 PM PST by Romans Nine
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To: hoe_cake

People have spent enormous fortunes ‘indulging’ a tasteful, personal love of true art.

I have no problem with that - I think it’s a good way to spend excessive wealth. A lot of what they’ve done has wound up as national treasure.

But this ‘home’ is just trash.

(Sorry, but I’m pretty opinionated :-)


85 posted on 03/04/2022 6:00:09 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: Jamestown1630

No need to apologize! I would prefer ‘understated elegance’. This is so way over the top that it is indeed quite vulgar. In very bad taste.


86 posted on 03/04/2022 7:48:52 PM PST by hoe_cake
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To: hoe_cake

With all respect, I think it’s pretty far down below the ‘top’ :-)


87 posted on 03/04/2022 7:53:16 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: BenLurkin

Looks like an airport terminal. Who built this monstrosity?


88 posted on 03/04/2022 8:01:30 PM PST by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite its unfashionability)
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To: BenLurkin

It’s a cute shack, personally I think Mr P’s shack was far nicer, plus it was 3 times the acreage and was pretty neat. Stop in sometime and ask Lachlan for a tour, service gate is 750 Bel Air Rd.You’ll see what I mean. He actually got it on the cheap, Mrs P just wanted to get rid of it.


89 posted on 03/04/2022 8:54:08 PM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: BenLurkin

I also know Hankey, he has a cute shack next door to Geoffreys in Malibu(Harvey Baskin’s Restaraunt) (When I met Harvey the first time he was renting Miles Davis house in Malibu by Leo Carillo Beach) and another ranch style house up the road off Bonsall. SoCal is a pretty small town for me


90 posted on 03/04/2022 9:04:59 PM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: shotgun

“So, the subcontractors are going to have to eat it.”

The largest mansion in Billings, MT (maybe $10 million??) I don’t think was fully finished before the owner got arrested for embezzelment, etc.

That was my first thought too - the subs that built it.


91 posted on 03/04/2022 9:05:21 PM PST by 21twelve (Ever Vigilant. Never Fearful.)
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To: Repealthe17thAmendment

Yep, they only care about the land.


92 posted on 03/04/2022 9:06:52 PM PST by dfwgator (Endut! Hoch Hech!)
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