Instant Alert: Dick Fuld's massive Sun Valley compound sold at auction for a 'record breaking' price

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Dick Fuld's massive Sun Valley compound sold at auction for a 'record breaking' price

by Julia La Roche on Sep 26, 2015, 9:35 AM

Screen Shot 2015 07 07 at 11.41.46 AMFormer Lehman Brothers CEO Dick Fuld's gorgeous Sun Valley, Idaho compound sold last week for a "record-breaking" price at an auction.

The winning bidder for the 71.3-acre Big Wood River Estate is an unidentified person from the Pacific Northwest, Concierge Auctions said in a release.

It's unclear how much was paid. The minimum bid was $20 million. Concierge Auctions' said in a statement that it was the most expensive residence ever known to sell at auction, and the highest known price for a residence in Sun Valley. 

Concierge Auctions previously estimated that the property could fetch from $30 to $50 million.

Before its demise in 2008, Lehman Brothers was the fourth largest Wall Street bank. Fuld had been the CEO since 1994. Since the bankruptcy, Fuld has kept a relatively low profile. He recently reemerged at a small-cap conference this spring.

Now, let's take a tour of his former compound.  

The Sun Valley estate sits on 71.3 acres, offering seclusion and privacy.



Here's a shot of the main house.



The property, which is located at the foot of Bald Mountain, is just a short drive from ski resorts and hiking/biking trails.



See the rest of the story at Business Insider


 
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