From Deseret News archives:
Sold! Karl's home gone
Malone mansion, listed at $6 million, fetches 2.5
"Five million," shouted auctioneer Craig King as he optimistically started the bidding. Eight minutes later, less time than it takes to play a quarter of basketball, Malone's mansion was sold to the highest bidder at $2.5 million, plus a 10 percent commission. It was what is known in the business as an "absolute auction," which means someone is guaranteed to go home with a new house, no matter how low the high bid is.
The winner, calling his bids in by phone, was Malone's agent, Dwight Manley of Newport Beach, Calif. Manley, who is also a real estate investor, is now the proud owner of the house Malone put on the market after moving to the Los Angeles Lakers in 2003.
"In an ordinary sales process it can take years to sell a house in this class," said Carl Carter, spokesman for the Alabama real estate auction company J.P. King.
Most of the bidders were from Utah, including RV mogul Ardell Brown, and Joe and Joan Steed of Duchesne County. "It would make a nice little convention center," noted the Steeds' friend and adviser Vince Isbell about Malone's house.
Isbell was standing in Malone's former master bedroom during the informal tours before the auction began. The 19,000-square-foot house is now completely empty, except for the fixtures, the basketball hoop in the basement and the 10-by-10-foot bed in the master bedroom.
It's a house definitely built for a tall man. Several of the sinks are 4 feet high, and the clothes rods in Karl's closet are 7 feet off the ground.
Although you might think that a famous person's house might sell for a lot of money just for the name-dropping factor, Carter says that a famous name will only go so far. For the auctioneers "it's something to hang your hat on," he said. "But when it comes down to dollars-and-cents buying decisions, they're buying the house not as a novelty or a museum piece but as a place to live."
Comments
- Aggies beat Spartans in snowy Logan 4:31 a.m.
- TCU 55, Utah 28 4:24 a.m.
- BYU 24, New Mexico 19 4:21 a.m.
- Jazz game at a glance 3:00 a.m.
- Real Salt Lake: Game at a glance 3:00 a.m.
- Stanford ends Y's soccer season 2:20 a.m.
- Jazz hope D-Will returns soon 2:19 a.m.
- Snow, SUU lose 2:18 a.m.
- Toone saves day for Wildcats 2:15 a.m.
- Win in New Mexico good for Y? 2:15 a.m.
- Apostle's wife felt comfort in attack
- Can BYU root for (ick) Utah Utes?
- BYU happy to escape with victory
- Short-handed Jazz fly past Sixers
- Crash on snowy road kills woman
- D-Will home for daughter
- Utes excited for 'dream' game
- GameDay in Fort Worth
- Bench proves fruitful for Y.
- Born of water and the spirit
- SLC council OKs gay rights policies
358 - Editorial: Mormons and gay rights
200 - BYU happy to escape with victory
194 - Will state consider gay rights law?
148 - TCU creams U.
134 - Can BYU root for (ick) Utah Utes?
130 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - Pratt pleads not guilty to sex charges
106 - Celtics crush Jazz
104
If you are looking for a bird on the cheap, the following specials from...
How do you handle kids and contests? Our oldest daughter, 7, is of the...
So Great!!! So Proud - Love RSL - Bring Home The CUP!!!!!
mr cannon's bold assertation that the purpose of the first ammendemnt as...
Great great great game!!!! Nicky Rimando is a god! We're the most complete...
I had the game on DVR and just watched it. That was the most exciting game...
financially cannot this year, but I will watch loyally, how great to hear...
This is hardly surprising. Bennett has a remarkable arrogance which is also...
I guess that is why "they play the game" as Herman Edwards would say.. ...
What was the score of the LSU vs LA tech game? Alot closer than you'd like to...
Has Fedor not said that THIS IS OUR YEAR all year long? Go back and...
This is just a small glimpse of the future with Obamacare: corruption, waste...


You can be the first to comment on this story.