Sellers of the world’s priciest properties aren’nt happy with the real estate market.
Last month, investor Marty Zweig pulled the plug on his $70 million Pierre Hotel penthouse listing after four years on the market. Financier Leonard Ross, who had asked $165 million for the Hearst Mansion in Beverly Hills, Calif., de-listed it in September.
Late last year, Prince Bandar of Saudi Arabia removed his $135 million Aspen ski lodge from the ranks of available listings.
One bright spot was Donald Trump’s $100 million May sale of Maison de L’Amitie in Palm Beach, Fla., to Russian oligarch Dmitry Rybolovlev. The only problem was the $25 million discount Rybolovlev received from the mansion’s asking price, the largest single residence price concession of all time. Still, he made a sizable profit. Trump bought the home for $41.4 million four years ago.
From Forbes
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