The bankruptcy auction of the largest modern home in the United States was pushed back three weeks to allow more time to attract potential purchasers of the home, which has a $295-million asking price.
The idea was simple: Nile Niami would build and sell The One, the biggest and most extravagant new home in the country. Then things went sideways.The no-reserve auction of “The One” was originally slated to occur the second week of February with a final closing date of Feb. 28. Creditors Yogi Securities Holdings and Inferno Investment Inc. filed objections to the plans this month.
Yogi, which is led by Los Angeles doctor and investor Joseph Englanoff, said the original time frame was too short to gin up buyers’ interest and get the highest price. Inferno, led by Julien Rémillard, made similar complaints, and noted that a planned 12% service fee charged by the auctioneer could “chill bidding.”
Concierge Auctions is running the process, and the property is also being marketed worldwide with an asking price of $295 million. The global marketing blitz includes listing the property online in the U.S. and China. One broker is traveling to Hong Kong and London in search of buyers, according to court papers.Developer Nile Niami proposes using “The One” to back cryptocurrency as he fights to head off a February auction of his Bel-Air mega-mansion.
The property, built by Nile Niami through his development company Crestlloyd, filed for Chapter 11 bankruptcy in October to stave off foreclosure. Niami
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Rare 1965 Shelby Cobra Factory Stage III 289 Dragonsnake sells for almost $1.4MA rare Shelby Cobra, one of just six like it, has sold at auction.
Leer más »
Possible sign of Mars life? Curiosity rover finds 'tantalizing' Red Planet organicsThere are three possible explanations for the new find, and one involves ancient Mars microbes.
Leer más »
Sotheby’s auctions its largest cut diamond yetAuction house Sotheby’s has unveiled a 555.55-carat black diamond that will be up for auction next month, its largest single-lot diamond offering to date.
Leer más »
Kyle Richards and Mauricio Umansky Sell Bel-Air Mansion for MillionsKyle Richards And Husband Mauricio Umansky Sell Bel-Air Mansion For $6.1M.
Leer más »