Ditch the reserve price and send buyers into a tizzy!
Michael Jordan’s 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short.
Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago.
Portnoy says Concierge Auctions publicized Monday’s auction well, but that market conditions aren’t ideal. She says options for the property will be evaluated next year.
The former Chicago Bulls superstar’s home originally was listed at $29 million in early 2012.
I don’t know if you got that kind of money, maybe you’re busy for the holidays (parties etc…).
I would like to have that kind of money then I would tell you what its like.
There are circles of Heck reserved for undisclosed reserve, reserve at all, straw bidders, and of course range pricing users.