Chicago legend, Michael
Jordan puts his home up for auction. His Highland Park home of nearly 20 years is
56,000 square feet and was originally put on the market back in February 2012
for $29 million.
courtesy of Concierge Auctions
After failing to sell, MJ decided to put it up for auction
with Concierge Auctions. Katherine Chez Malkin of Baird & Warner,
the listing broker, will also be cooperating with Concierge Auctions in the
When asked why he was selling the home, Michael Jordan
answered, "my kids are grown now and I
don't need a large house in Chicago. It
was time for some warmer weather down at my new home in Florida."
The Charlotte Bobcats owner added
that most of his time is now going back and forth between his new home in
Jupiter, Florida and Charlotte.
The grounds consist of 7.4 acres,
with its own pond, outdoor tennis court, pool, putting green and an outdoor
entertainment area. Jordan also had a
full size regulation basketball court built on the property as well, which has
its own locker-rooms and entertainment lounge.
The contemporary home has 9 bedrooms,
and 19 bathrooms, and according to Ms Malkin, the home will be sold fully
But why an auction MJ? He told the Wall Street Journal, "some
of the best things in the world are sold at auction, and I've seen that this is
the beginning of a trend for selling unique, one-of-a-kind homes."
The auction company has said
there is no minimum reserve bid, however, a $250,000 deposit is required in
order to reserve a bidding spot and opening bids are being accepted.
One might think that although the
property is one of kind, it comes with many amenities that are specific to
Michael Jordan’s career and lifestyle.
Of course one can never under estimate sentimental value for celebrity
memorabilia, but it would almost make more sense that another athlete,
specifically a professional basketball player purchase the home.