Former NBA player and owner of the Charlotte Bobcats Michael Jordan is going to sell his Chicago mansion through a no-reserve auction.
The 56,000-square-foot single-family residence, which has 19 bathorooms and nine bedrooms, was originally listed for $29 million in February 2012. The asking price of the grandiose abode, replete with a full basketball court, was dropped to $21 million last July. Now, it is going to auction on November 22.
A returnable deposit of $250,000 is required to qualify as bidder at the event, which is being manned by New York-based Concierge Auctions.
M.J. is reportedly selling the estate because his children are grown-up and he spends a majority of his time these days in Charlotte, North Carolina, Jupiter, Florida, or at a third house Jordan owns in Utah.
Pre-auction bids also are being accepted on the property. While the reporter from Yahoo Sports talks about it being peculiar to sell something so large and expensive via auction, it actually is growing in popularity. What could be better? Put all the interested parties in a room and the highest bidder over $250,000 takes it.
Did Air Jordan err not going to auction sooner? Probably; the house has lingered on the market for 20 months. Our prediction: under $20 million ... slam dunk!
Do check out the entire photo gallery at Yahoo! Sports, it is a indeed a pulchritude* to behold. (* a fanciful word for beauty ... class dismissed.)