February 5, 2011 | 6:00 am
Malibu Colony will be the site of bidding Feb. 13 when a 4,000-square-foot home once listed at $8.4 million will be auctioned with an opening bid of $3.7 million.
This is believed to be the first house auction conducted in Malibu Colony, according to Ed Kaminsky of Premier Estates Auction Co. The 10-year auction veteran has sold houses elsewhere in Malibu through the auction process, with the most expensive home selling for $9.7 million.
Details about the sale are available at www.PremiereEstates.com. Carol Bird of Westside Estate Agency is the co-listing agent.
Photo: The Malibu Colony house will be sold at auction Valentine’s Day
weekend. Credit: Courtesy of Carol Bird and Premier Estates Auction Co.
Article Courtesy of the Los Angeles Times