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Luxury Home Auction Fails
Nicolas Cage Mansion Foreclosed, Up for Sale with No Bidders


By: Katie Cordrey (Rockstar) Apr 11, 10
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The opulent Nicolas Cage mansion has been foreclosed and was put up for auction, but there were no takers at the $10.4 million asking price. The luxury property was built in 1940 for $110,000. Dean Martin added a 2,500-square-foot entertainment complex with 35 theater seats in 1974. Tom Jones was also once an owner.

Located in Bel Air, Los Angeles, the two-story English brick Tudor style home went on the auction block earlier this week. Since there was no sale, Citibank will now take possession of the credit-crunched Nicolas Cage mansion in the hope that they can recover funds loaned by selling it.



Source: uk.news.yahoo
Readmore: finance.yahoo



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