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Wednesday, 31 May 2023

[New post] ‘Empire’ mansion going up for auction after 10 years on the market

Site logo image Barrington Hills Observer posted: " After failing to sell conventionally for a decade, the palatial mansion in Barrington Hills that was featured in the TV show "Empire" is going up for auction. Unlike a Winnetka mansion that is being auctioned by a lender that took over the property, the" The Barrington Hills Observer

'Empire' mansion going up for auction after 10 years on the market

Barrington Hills Observer

May 31

Empire

After failing to sell conventionally for a decade, the palatial mansion in Barrington Hills that was featured in the TV show "Empire" is going up for auction. Unlike a Winnetka mansion that is being auctioned by a lender that took over the property, the Barrington Hills property is not in distress, Cook County records show, and is being auctioned by its longtime owners. "The auction establishes a date-certain sale for the sellers," said Randy Haddaway, CEO of Elite Auctions. Elite, based in Naples, Fla., plans to hold a live auction in the mansion July 15 if the sellers, seeing bidders' proposed opening offers in advance, decide to go ahead. If the opening bids seem too low, they might back away. If they go ahead, Haddaway said, "the house will sell to the winning bidder."  Details of the auction are on Elite's website.

More here.

Related: "'Empire' mansion in Barrington Hills finds buyer after 50% price cut," "'Empire' mansion owner slashes $2 million from asking price, placing 5-bedroom Barrington Hills home at $7.5 million," "They're finally marketing the 'Empire' mansion as the 'Empire' mansion"

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