Reuters recently reported that a group of anonymous buyers purchased a Frank Lloyd-designed house located in Phoenix , Arizona, to preserve it from a possible demolition. The home, which was built in 1952, sold for $2.38 million.

The Chicago-based Frank Lloyd Wright Building Conservancy facilitated the purchase of the single-family residence. Wright designed it for his son and daughter-in-law, David and Gladys Wright.

"This purchase is a magnificent and generous action," Conservancy president Larry Woodin said. "It is a gift to the people of Phoenix, a gift to the worldwide architectural community and to everyone that cares about the history of modern architecture."