Image: colourbox.de
The highest bidder – a man who called himself Jacob Garlick and won the auction for $190 million (€175.26 million) – failed to hand over an initial deposit of $19 million by the deadline, the auction organizers said .
This means that his right to purchase the “Flatiron Building” has lapsed. Now the bidder with the second highest bid – $189.5 million – is allowed to buy the building for this price. This is real estate developer Jeff Gural, whose company had previously owned part of the triangular building. Reject Gural, there will be a new auction, the organizers said. The first auction was ordered by a judge after a dispute broke out between the five previous owners about the future of the building.
The real estate companies GFP Real Estate, Newmark, ABS Real Estate Partners and Sorgente Group together owned 75 percent of the building, and the real estate developer Nathan Silverstein owned the remaining 25. A total of eleven bidders had actively registered for the auction in the previous week. The triangular Flatiron Building is 91 meters high and opened in 1902. It can be seen in numerous films and television series.
Source: Nachrichten
