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Mercer Island Waterfront Mansion Fails to Draw Bids at Auction – Mercer Island, WA Patch

Posted by on September 2, 2011

Despite hiring specialty auctioneers who flew out from Gadsden, AL, and setting a minimum bid at about half the asking price Tuesday afternoon, one of the state’s priciest properties failed to draw a bid at auction inside the 13,650 square-foot Mercer Island mansion.

Managed auction firm J.P King said four unnamed, registered bidders had handed over $100,000 personal checks before they arrived. One had parked his black Lamborghini in front of the six-car garage at the bottom of a ga… (View original article)

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