Michael Jordan Home Fails to Draw Buyer

Chicago Bulls and NBA legend’s Highland Park home does not attract anyone willing to pay at least $13 million.

No one was willing to pay the $13 million minimum for Michael Jordan's Highland Park home.
No one was willing to pay the $13 million minimum for Michael Jordan's Highland Park home.

No buyer stepped forth willing to pay the $13 million minimum price today to become the new owner of Michael Jordan’s 56,000 square foot home during bidding conducted by Concierge Auctions, according to a spokesperson for the auction house.

Originally priced at $29 million in February of last year and later reduced to $21 million in January, Jordan elected to auction the property in October. Originally the sale was scheduled Nov. 22 and there was no minimum. It was later rescheduled for today because of strong buyer interest. A $13 million reserve price was established last week.

After an intensive marketing campaign including sophisticated videos and exposure on the NBC Today show, the nine bedroom, 19 bathroom estate with a full size NBA basketball court and a “man cave” befitting a NBA superstar, no one was willing to pay Jordan’s minimum price.

“We are disappointed that the high bid in today’s auction of Michael Jordan’s residence in Highland Park did not meet the reserve price,” Jordan spokesperson Estee Portnoy said. “Concierge Auctions gave great exposure to the property and opportunity, but the market conditions were just not right to drive a fair value. We will be evaluating options for the property in the new year."

robertaruth December 21, 2013 at 09:00 PM
Adam: Actually, I was interested in how far the politically correct police had gone with the words to the song, as well. Merry Christmas.
Fluffington Post December 22, 2013 at 03:01 PM
would have been nice if Huffington used the story that went with their link, instead of this one.
william savick December 22, 2013 at 11:43 PM
Huff Post changed it's format Dec 10 and is not accepting comments unless you give up your anonymity and force you to join Face Book. Somethin' wrong here !


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