New York City is probably the last place you'd look for a deal, especially when it comes to real estate. But one lucky bidder just might be in for the chance - and home - of a lifetime. After nearly a decade on and off the market, a stunning West Village carriage house facing foreclosure will be put up for auction next week. While the original asking price (back in 2007) was $20 million, the debt on the home is just under $8 mil, meaning it could potentially sell for over half-off. As long as the bank gets paid, right?
The owner is French newspaper publisher and entrepreneur Jean Lignel, an avid art collector who's amassed works by Andy Warhol and Keith Haring. He bought the home in 1996 for just $950,000 then commissioned a complete renovation. What was originally two stables now boasts four bedrooms, double-high ceilings, patios, a roof deck, and a steam room. Plus an elevator to get around. Not to mention all the wall space meant specifically to display masterpieces.
Fellow art-lovers, get your paddles ready.
[Photos via Charles Rutenberg]