Real Estate: 777 Sarbonne Road flops at auction

The bankruptcy auction of 777 Sarbonne Road, that began on May 5th and ended May 9th, did not meet its reserve price of $50 million with highest bid only reaching $45.7 million.

For more information, see link below:

CNBC:  “This Flashy Bel Air Mansion That Was Listed at $87.8 Million Flopped at Auction — and Now the Seller is Furious”