Nicolas Cage ‘auctions off LA mansion’

LONDON - Actor Nicolas Cage is auctioning off his Los Angeles mansion, which once belonged to celebs like Tom Jones and Dean Martin.

The sources had said that Cage had sold the ‘Pink Palace’ to designer Christian Audigier’s for just over 9.3 million pounds, however, now reports suggest the Con Air star has decided to sell his home as part of a sealed bid sale, reports the Daily Express.

According to RealEstalker.com, Cage had put the property on the market in 2007 for 23.3 million pounds.

He had bought the home in 1998 for 4.3 million pounds.

The website said that all sealed bids for the home are scheduled to be reviewed on 24 September (09), with the minimum bid for the seven-bedroom spread set at 6.6 million pounds- 28 per cent of the original asking price. (ANI)