Cage To 'Auction' Bel Air Home
Designer Christian Audigier's plans to buy Nicolas Cage's Bel Air mansion in Los Angeles have reportedly fallen through - the actor is auctioning off the home which once belonged to Tom Jones and Dean Martin.
Sources suggested Cage had sold the 'Pink Palace' to the man behind the Ed Hardy clothing line for just over $14 million (£9.3 million), but now reports suggest the Con Air star has decided to sell his home as part of a sealed bid sale.
The actor put the property on the market in 2007 for $35 million (£23.3 million), according to RealEstalker.com. He bought the home in 1998 for $6.5 million (£4.3 million).
According to the website, 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 $9.95 million (£6.6 million) - 28 per cent of the original asking price.