Author Topic: Nicholas Cage mansion auction, not one bidder (decor is frathouse bordello)  (Read 843 times)

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Offline The Village Idiot

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http://www.walletpop.com/blog/2010/04/08/nic-cages-foreclosed-house-nets-zero-at-auction/

(hahahahahahahahahahahahahahahahahahaha)

excerpted

Nicolas Cage bid adieu to another mansion Wednesday -- after no one bid for it in a foreclosure auction. His Bel-Air, Calif., Tudor estate went on the block starting at $10.4 million, a measly sum given that the "National Treasure" star had asked for $35 million when he put it on the market, the Los Angeles Times said. But the complex attracted only a minute of silence on the steps of a courthouse in Pomona, Calif.. Not that anyone expected it would be gone in 60 seconds. One Realtor described its decor to the Times as "frat-house bordello." And back to the lender it goes.

Cage, an Oscar winner and accused tax evader who will never be confused with Donald Trump in real estate, lost two New Orleans homes to foreclosure in November. But at least those sold at auction -- one for $2.3 million and another for $2.2 million.

.... excerpted