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Johnny Depp lists French village for $55M because it didn’t sell for $26M

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It’s a classic real estate tactic: when your property doesn’t sell, just double the price

Johnny Depp, a well known actor and collector of exotic real estate parcels, listed the French village that he had apparently owned for years last summer, for $26 million. When the village failed to sell, probably in large part due to its remote location and lofty asking price, Depp was forced to execute a highly advanced real estate tactic where one takes one’s property off the market and then re-lists it for twice as much money. The village is now back, asking €50 million, or roughly $55.5 million.

Depp also switched brokerages, from Sotheby’s International Realty France to Hilton & Hyland and Michaël Zingraf Real Estate. The CEO of Sotheby’s International Realty France remarked that the original asking price was already "ambitious," but Rick Hilton of Hilton & Hyland is...marginally more bullish, explaining that, "Mr. Depp feels that €50 million is the appropriate price for this asset." A sure vote of confidence if ever there was one.

The village includes a Pirates of the Caribbean themed cave and a skate park that Johnny Depp built for his son.

Johnny Depp Relists French Village for $55 Million, More Than Doubling the Price [WSJ]

Of Course Johnny Depp Owns an Entire French Village and Is Listing It for $26M [Curbed]


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