Bel Air mega-mansion to hit auction block amid bankruptcy proceedings. Minimum bid: $295 million

Three armed intruders tied up a housekeeper and her friend during a home invasion in Sherman Oaks, authorities said.

Conceived by architect Paul McClean, who has designed homes belonging to Beyoncé and Jay Z, Avicii, and Calvin Klein, the Modernist aesthetic is both streamlined and extravagant. Neutral colors and clean lines provide a base for luxe details such as a number of original artworks including a butterfly installation by conceptual artist Stephen Wilson and a sculpture by Venetian glassworker Simone Cenedese, which are included in the sale.

According to Rayni Williams of Williams & Williams, the $500 million estimate was speculation, and $295 million is more reflective of the current market. It is a more"marketable" and"tangible number," she said over the phone.

lol, 'bankruptcy' with a minimum bid? If it sells those banks will still make 100+ million on this deal.

For that much you can buy a Fortune 500 company

I got 4$

damonheller Why would the like 100-1000 people that could afford it bother n noth just wait it out until they lower it like setting that high a min bid seems nuts

What a waste of space

I don’t think it’s overprice but the problem is that it’s such a huge property that you need an army of people to maintain it. Even if money isn’t an object it’s still too big.

STILL OVER PRICE

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