Hearst widow sees mansion auctioned

Feb. 26, 2008 at 5:07 PM

PALM BEACH, Fla., Feb. 26 (UPI) -- The widow of publishing heir Randolph Hearst can now count herself among thousands of U.S. citizens who have had a bank foreclose on their property.

Veronica Hearst's 52-room mansion on Manalapan's beach in Palm Beach County, Fla., attracted eight bidders and sold for $22 million at a courthouse auction on Tuesday.

New Stream Capital purchased the mansion within five minutes of the opening bid, the Palm Beach Post reported.

Hearst's lawyer, Al LaSorte, said the widow was willing to pay $20 million to stop the proceedings, but that he had advised her to let the auction proceed.

Among those in attendance were golfing great Greg Norman and his fiancee, tennis great Chris Evert.

He was just looking, apparently. "I'm just an interested bystander," Norman said.

Related UPI Stories
Latest Headlines
Trending Stories
House Majority Leader Kevin McCarthy drops bid for speaker
WikiLeaks offering $50K for video of Afghan hospital bombing
Murdoch sorry for implying Obama's not a 'real black president'
Reid sues exercise companies over eye injury
Lumber Liquidators to pay $10M in DOJ settlement