facebook
twitter
rss
account
search
search
 

Hearst widow sees mansion auctioned

Feb. 26, 2008 at 5:07 PM   |   Comments

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.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
Russia doesn't fear Azeri gas, scholar says Russia doesn't fear Azeri gas, scholar says
4
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
5
Brent losing steam, WTI showing gains Brent losing steam, WTI showing gains
Trending News
Around the Web
x
Feedback