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The Razor Residence Auction Postponed

The Razor Residence Auction Postponed

The Razor Residence Auction Postponed
September 27
15:15 2011

The Razor Residence Auction Postponed

The Razor Residence was originally set to be auctioned off today at noon but a spike in publicity resulting in several inquiries has led Hurwitz James Company to postpone the auction until further notice.  Bidding was to start at $16 million to an exclusive group of qualified buyers.  To date $34 million has been spent on the home and it’s still not completely finished.  It was initially marketed at $45 million when it first came on the market.  Hurwitz explains, “As the Razor has continued to make headlines, our phones have continued to ring. There has been a number of inquiries from overseas buyers who were unable to schedule visits prior to the auction date.”  He also stated a cash offer had been submitted and is currently under consideration.  Who could the potential buyer be & how much did they offer?

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