After 14 years of stagnation, Hearst’s defunct estate became the subject of a bidding war today: it secured a $ 63.1 million bid.
The seemingly unsellable home would sell for $ 47 million to Los Angeles-based investment company Berggruen Holdings, pending an auction where excessive bids could be made, and today’s auction has not disappointed. .
Five “super-bidders” bid for the Beverly Hills property with eight beds and 15 bathrooms today, raising Berggruen owner Nicolas Berggruen’s bid to $ 63.1 million at the close of the auction.
The estate has today received 71 inquiries, 41 private screenings, 12 written bids and 5 winners at the auction, a representative told The Post.
“We believe the auction will exceed the current accepted price due to all the activity we have,” British agent Anthony Marguleas of Amalfi Estates told The Post when they accepted the company’s $ 47 million offer. Los Angeles-based investment firm Berggruen Holdings.
The Italian and Spanish-style mansion has been on and off the market for between $ 69.95 and $ 195 million since 2007.
The 29,000-square-foot home (35,000 square feet, including guest houses and other property buildings) has an Art Deco nightclub, a wine cellar, two luxury movie theaters, a spa, a gym, a massage parlor, a lounge billiards and a lighted tennis court.
The gardens, designed by landscape architect Paul Thiene, have reflection pools with waterfalls leading to an Olympic-sized pool with Roman pillars. There is also an eight-car garage, a guest house and several staff offices.
Recently known for his ties to Beyoncé and “The Godfather,” the mansion gained notoriety for the first time as the 3.5-acre home of newspaper mogul William Randolph Hearst and his partner, actress Marion Davies. It would later become the honeymoon destination of Jacqueline and John F. Kennedy and the seat of JFK’s presidential election.
Salesman, litigant and financier Leonard Ross appears to be no longer in bankruptcy after first appearing more than a decade ago. Property taxes, which default on the property from 2019, will be paid by deposit as a sale transaction, according to court documents.
The team on the roster included Anthony Marguleas of Amalfi Estates, Gary Gold of Hilton & Hyland and Zizi Pak and John Gould of Rodeo Realty. Berggruen was represented by Drew Fenton and Linda May of Hilton & Hyland.
The lawyer who coordinated the bidders did not immediately respond to The Post’s request for comment.
