Located in Phoenix, Arizona, the Norman Lykes home will be auctioned off without reserve on October 16 by Heritage Auctions.
The building, which was confiscated from fugitive billionaire Guo Wengui in 2016, had been valued at 7.4 billion yuan ($1.05 billion).
That’s a markdown of 99.99 percent.
We actually do give a damn about this property.
Collectors, step up to the plate. These paintings may sell for millions.
‘Rabbit’ Is Rich! Jeff Koons’s Bunny Sculpture Sells for a Record $91.1 Million at Christie’s Contemporary Sale
It is now the most expensive work by any living artist.
One of the year’s worst days in trading didn’t deter art-world buyers.
Images from the famed photographer’s landmark 1968 exhibition at the Museum of Modern Art are being offered online.