Home / NEWS / Top News / Distress sales and 9-figure discounts: Hard-to-sell mega-mansions find a last resort at real estate auction

Distress sales and 9-figure discounts: Hard-to-sell mega-mansions find a last resort at real estate auction

An auction can act as a metaphorical real-estate guillotine, slicing extravagant asking prices in half or worse, according to a CNBC review of recent sales.

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