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Auction Block

A Crested Butte home nicknamed "The Castle" just sold at auction for a winning bid of $2,425,000, well-below expectations. The five bedroom, eight bath home was previously listed in 2007 for $6.5 million and went to auction listed at $5.1 million. Both the seller and auction house were confident there would be bids well above $4 million. Looks like it might be a while before another high-end auction in this ski town. [Chris Kopf]