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
- BYU looks to improve rebounding 10:37 p.m.
- Utahns growing tired of Bennett 10:36 p.m.
- More depression, STDs in minorities 10:32 p.m.
- Utah population tops 2.8M 10:31 p.m.
- Obama: 'Our security is at stake' 10:29 p.m.
- Laid-off Utahns could lose coverage 10:22 p.m.
- Water year off to dry start 10:21 p.m.
- Philpot may run for Congress 10:20 p.m.
- Correction: Governor's Mansion tour 10:20 p.m.
- Volleyball MVPs 10:19 p.m.
- 2 citations issued at Y.-U. game
- BYU says Hall incident resolved
- Max Hall: a fixture in rivalry lore
- 'Grandfamilies' a growing trend
- Witness: Mitchell wanted attention
- Mitchell called intelligent, controlling
- MWC '09 season in review
- Jazz win 6th in 7 games
- Jazz ready to be without Harpring
- Daughter: Mitchell fed me my pet
- Hall mouths off about hate of Utah
904 - Cougars beat Utes in overtime
482 - Hall reprimanded by MWC
401 - Max Hall issues apology
387 - Hall's pain reflects self-betrayal
347 - Utes won't respond to Hall
275 - BYU says Hall incident resolved
236 - 2 citations issued at Y.-U. game
159 - BYU is champion of the state
143 - Religion in politics is tiresome
128
My husband was teaching his 6th-grade class in Salt Lake last year when...
Yes, I understand that Utah Homes & Garden magazine has turned into a...
Scare tatics? maybe not. Whatever the government gives, it can take away....
Harpring needs to come back at the end of the year and go out like Dikembe...
Saw one of the best girls basketball team ive seen in a while. Syracuse...
I couldn't disagree with "To To Double Standard 4:50" more. I know that...
Utah Homes & Garden TV has some great stuff on youtube as well
There should be more to the college experience than just hitting the books....
ha ha ha good thing you don't play in the pac-10 . you'd be crying and hatin...
If you like this take a look at UtahHG on youtube
I like those selections. Joe Dale would have been a good honorable mention,...


You can be the first to comment on this story.