Once slated to list with a $500 million asking price, a Bel-Air megamansion known as The One has sold for just $126 million at a no-reserve auction, according to a spokeswoman at Concierge Auctions. The buyer, who couldn’t immediately be identified, will also have to pay an auction premium, bringing their total bill to roughly $141 million.
The auction caps a roller coaster journey that has captivated the L.A. real-estate world for close to seven years.