Former 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.