A house in the Bel Air neighbourhood of Los Angeles, originally priced at US$250 million, sold for US$94 million in October. Photo: Handout A house in the Bel Air neighbourhood of Los Angeles, originally priced at US$250 million, sold for US$94 million in October. Photo: Handout
A house in the Bel Air neighbourhood of Los Angeles, originally priced at US$250 million, sold for US$94 million in October. Photo: Handout

Los Angeles mansion, once owned by Cher, is now available for US$115 million after seller cuts price by US$65 million

  • The act of pricing homes well above their market value, known as aspirational pricing, is adopted by sellers looking to generate attention around their listings
  • One home in Los Angeles priced at US$250 million was later sold for US$94 million

Topic |   International Property
A house in the Bel Air neighbourhood of Los Angeles, originally priced at US$250 million, sold for US$94 million in October. Photo: Handout A house in the Bel Air neighbourhood of Los Angeles, originally priced at US$250 million, sold for US$94 million in October. Photo: Handout
A house in the Bel Air neighbourhood of Los Angeles, originally priced at US$250 million, sold for US$94 million in October. Photo: Handout
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