Former Lehman Brothers CEO Dick Fuld’s gorgeous Sun Valley, Idaho compound sold last week for a “record-breaking” price at an auction.
The winning bidder for the 71.3-acre Big Wood River Estate is an unidentified person from the Pacific Northwest, Concierge Auctions said in a release.
It’s unclear how much was paid. The minimum bid was $US20 million. Concierge Auctions’ said in a statement that it was the most expensive residence ever known to sell at auction, and the highest known price for a residence in Sun Valley.
Concierge Auctions previously estimated that the property could fetch from $US30 to $US50 million.
Before its demise in 2008, Lehman Brothers was the fourth largest Wall Street bank. Fuld had been the CEO since 1994. Since the bankruptcy, Fuld has kept a relatively low profile. He recently reemerged at a small-cap conference this spring.
Now, let’s take a tour of his former compound.
The property, which is located at the foot of Bald Mountain, is just a short drive from ski resorts and hiking/biking trails.
There's a charming guest house that overlooks a pond. It has 3 bedrooms and 3 full and one half bathrooms. It features a fire pit and a hot tub.
The estate is made up of nine original lots that were assembled together. There's still plenty of room to build new structures on the property.
Here's a quick peak inside the entry to the home. In total, the property has 11 bedrooms and 10 full bathrooms and one half bath.
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