Nicolas Cage Auctions Off LA Mansion!

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oi-Staff

By Staff

Tuesday, September 15, 2009, 13:36

Hollywood actor Nicolas Cage has auctioned off his Los Angeles mansion. The mansion was once belonged to celebrities like Tom Jones and Dean Martin. He had bought the home in 1998 for 4.3 million pounds.

The mansion is called as the “Pink Palace." It was sold off as part of a sealed bid sale. The palace was sold to designer Christian Audigier's for just over 9.3 million pounds. Cage had put the property on the market in 2007 for 23.3 million pounds.

All sealed bids for the home are scheduled to be reviewed on 24 September (09), with the minimum bid for the seven-bedroom spread set at 6.6 million pounds- 28 per cent of the original asking price.