Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
Dick Fuld’s Big Wood River Estate breaks records
Remember Dick Fuld’s Big River Estate? The interwebs were abuzz when “the most hated man in America” decided to put it on the auction block.
Here’s what we wrote about it:
“Set on over 70 acres of rolling Idaho plains with 2,100 feet of Big Wood River frontage, the Gorilla of Wall Street’s estate is supposedly “the first and last property of its kind in Sun Valley,” and is expected to be sold by Concierge Auctions for around $30 million to $50 million – a record for the area – according to the New York Post.”
It didn’t! But CNBC reports that it did break records as it sold for more than $20 million Thursday, surpassing the previous record of $19.25 million and taking the crown of the most expensive property ever to be sold by auction.
Who the buyer was and how much he paid for it exactly was not disclosed, though we do know that he got a lot for his money, as you can see from the estate’s promotional video:
Big Wood River Estate — from Concierge Auctions
As for Fuld, I’m pretty sure he’s not hurting. While he may sold this and his Park Avenue penthouse, he still has his Connecticut estate and all signs point to his wife still owning the notorious $100 Florida mansion.