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 The 56,000-square-foot (5,200 square-meter) home on more than
seven acres in the northern Chicago suburb of Highland Park has
a regulation-size basketball court, a putting green, tennis
court, nine bedrooms and 15 full and four half bathrooms.
The estate was scheduled to be auctioned on Monday night live
for in-person bidding and by phone, said Lauren Hovey, a
spokeswoman for the auctioneer, Concierge Auctions.
But by early evening, a spokeswoman for Jordan announced that
the house had failed to sell.
"We are disappointed that the high bid in today's auction of
Michael Jordan's residence in Highland Park did not meet the
reserve price," said spokeswoman Estee Portnoy. "The market
conditions were just not right to drive a fair value."
The Jordan home, known as Legend Point, was previously offered
for $29 million, according to New York-based Concierge. It
includes a "gentlemen's retreat" with a billiard parlor,
library, full wet bar, and the original doors from the Chicago
Playboy Mansion.
The basketball great will decide what comes next for the house
after the holidays, Portnoy said.
"I have so many amazing, happy memories of my life in the house
over the years," Jordan said in a Concierge statement. "It's
where my kids grew up. It's where I lived during my championship
years.
[to top of second column] |
 Jordan said that while he still had business
interests in Chicago, where he was a star with the Chicago Bulls
basketball team, he didn't need such a large house there now that
his children are grown.
Jordan has three adult children from his 17-year marriage to Juanita
Venoy, which ended in divorce in 2006.
Jordan and his new wife, Yvette Prieto, are expecting their first
child, according to media reports. No due date was reported. Jordan,
50, and Prieto were married in April in Florida.
The Hall of Fame player won six National Basketball Association
championships with the Chicago Bulls. He won the NBA Most Valuable
Player award five times and was named an all-star 14 times.
His on-court success and commercial endorsements have made him one
of the most recognizable and prosperous athletes in the United
States. He is primary owner of the Charlotte Bobcats.
(Additional reporting by Sharon
Bernstein; editing by Steve Orlofsky)
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