LA's most extravagant mansion sells for less than half its list price in closely watched auction
The mega-mansion known as "The One" sold Thursday for $126 million at a bankruptcy auction. That's a huge discount from its $295 million listing price, even with a 12% auction premium bringing the total to about $141 million.
The Bel-Air property set a new record for the costliest house sold at auction, but it fell well short of the California sales record set by venture capitalist Marc Andreessen, who in October. The most ever spent on a U.S. residence was $238 million by hedge fund mogul Ken.
