A newly built house trumpeted as personally designed by Cher sold at auction this week for $8.72 million, near the low-end of expectations.
 |
The auctioneer earlier said the 8,800-square-foot house, part of the Hualalai Resort development, would likely sell for between $8 million and $12 million. Cher reportedly paid $2.9 million for the .76 acre site in 2009. The buyer was from Arizona, but wasn’t identified in a press release.
Concierge Auctions said they received 110 “interested buyer prospects” and 25 registered bidders for the property.
As noted in an earlier post, although the house is “Cher-designed,” it looks nothing like what a Cher-designed house should look like. The layout is “contemporary Balinese style,” with hardwood floors and wide windows, which certainly disappointed Cher fans, who might have thought a Cher-designed house would look like something out of one of her videos.
