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The New Market Is Here To Stay In California
Posted on May 14, 2008
The Desert Sun reports from California. A Palm Springs home known as a masterpiece of modernism sold Tuesday for $15 million. In the end, the famed house underperformed a bit. Christie s New York, the auction company, initially believed the house would bring upwards of $25 million. During the bidding, even the auctioneer seemed surprised. We re at $15 million. Fair warning, now, $15 million, he said, taking long pauses as if waiting for an onslaught of additional offers. It was very intriguing, said Eric Scharf, a new resident to Palm Springs. As a semi-student of ar...
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