The “Balboa Lot” in Del Mar was purchased by Cinninati Bengal quarterback Carson Palmer, according to this article in the U-T.

The sales price was $4,400,000 ($4 million + the 10% vig), and it closed on November 4th.

The auctioneer was masterful in how he took the bid from $3,000,000 (which would have been a no sale, because the city needed $3.25 to retire a debt), to $4,000,000 in a heartbeat when there were no other bidders.  Here’s another look – the auction starts at the 3:00-mark:

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