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Ex-Lehman CEO Wants to Set Record With Sun Valley Auction

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Richard Fuld, the last chairman and CEO of Lehman Brothers, is set to auction off his 71.3-acre property in Sun Valley, Idaho on August 19. Previously listed for a hefty $59.5 million, the Big Wood River Estate should sell between $30 million and $50 million at the no-reserve auction, which would make it the most expensive residential auction ever. Located not far from Bald Mountain and downtown Ketchum, the sale includes three timber and rock structures: a main house with service quarters, a separate guest house that overlooks a pond, and a gate house. Designed by architect Alan Wanzenberg, the property boasts 11 bedrooms and 10.5 bathrooms in total, all set on 2,100 feet of coveted Big Wood River frontage.

· Big Wood River Estate [Concierge Auctions]
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