The famous “iron building” in New York has been auctioned for 190 million dollars (about 175 million euros) after about an hour of bidding. The gavel finally fell on an amount of 190 million dollars. The auction was ordered by a judge after a dispute between the previous owners.
The starting bid was $40 million. The winner introduced himself as Jacob Garlick, a mutual fund employee.
Clapping and cheering from the audience
After the gavel fell, Garlick got down on his knees and cried. There was clapping and cheering in the audience. Shortly before, co-bidder Nathan Silverstein, who last owned 25 percent of the building, had initially asked for a short break and then gave up. A total of eleven bidders had actively registered for the auction.
The auction was ordered by a judge after a dispute broke out between the five previous owners over the property’s future.
“Chance on New York History”
Real estate companies GFP Real Estate, Newmark, ABS Real Estate Partners and Sorgente Group together owned 75 percent of the building, with real estate developer Silverstein owning the other 25. The auction made headlines. “If you’ve ever wanted to own a piece of New York history,” CNBC said, “now’s your chance.”
Source: Krone
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