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Friday, April 9, 2010

No Takers For Nicolas Cage Mansion

A Bel-Air mansion owned by Nicolas Cage had no takers in a foreclosure auction. The opening bid for the actor’s 12,000-square-foot home was $10.4 million. The Tudor mansion boasts six bedrooms, home theater and an Olympic-sized pool. The house reverted to the foreclosing lender at Wednesday’s auction in Pomona. Cage owes millions in unpaid taxes and in January his foreclosed home in Las Vegas sold for nearly $5 million. Cage sued his former business manager in October for $20 million, claiming the man’s advice led him to financial ruin. The ex-manager says Cage is a spendthrift.

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