Saturday, August 6, 2016

Real Estate: Johnny Depp has re-listed his village in France for $55M, more than doubling its asking price


(Credit: Angela George via Wikipedia and the original listing photos from Cote d’Azur Sotheby’s International Realty)
Most people, when their property doesn’t sell, lower the asking price. But then again, most people aren’t Johnny Depp. The movie star, who is currently going through a highly contentious and publicized divorce with Amber Heard, has just re-listed a village he owns in the south of France for $55 million — more than twice its original asking price of $26 million.
What prompted this change? Quite simply, “Mr. Depp feels that €50 million is the appropriate price for this asset,” one of his new brokers, Rick Hilton of Hilton & Hyland, told the Wall Street Journal. He claims that several billionaires are interested in the property.

Meanwhile, the CEO of Sotheby’s International France, which was originally listing the property, said its original price was already “ambitious” because it is “rustic” and 17 miles away from St. Tropez....MORE