On Sunday, the New York Times dropped a compelling piece on the highly lucrative world of patent litigation and its undisputed king, Erich Spangenberg. Virtually unknown outside of the patent realm, the high school dropout now pulls down more than $25M a year pursuing lawsuits against corporations on behalf of patent owners. He has poured that cash into an exceedingly lavish lifestyle, including a bevy of exotic autos, a private jet, and this opulent Dallas estate, dubbed Dans Bois Crête. Currently on the market for $19.5M, the 14,000-square-foot chateau is described in the brokerbabble as "the most extraordinary ... estate Dallas has never seen" and a "royal retreat." Extensively renovated after Spangenberg bought the place in 2007, the sprawling, six-bedroom pad boasts extravagances like a home theater with refreshments bar, a 2,200-bottle climate-controlled wine cellar, and a ten-car garage. Spangenberg, an avowed Francophile, has taken up residence in Paris for the summer, and the listing of this palatial house may be an indication that he wishes to find a permanent home in the French capital.
· 9806 Inwood Road [Sotheby's International Realty]
· Has Patent, Will Sue: An Alert to Corporate America [NYT]