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The Art of Elysium Exclusive Portrait Studio
Check out your favorite celebrities posing in Wonderwall.com's exclusive portrait studio at The Art of Elysium Heaven Gala.
sábado, 11 de janeiro de 2014
Road to Hollywood
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Road to Hollywood
Learn how Sofia Vergara became a Hollywood sensation on WONDERWALL LATINIO!
Kiss makes surprise Milan Fashion Week appearance
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Kiss makes surprise Milan Fashion Week appearance
KISS joins John Varvatos on the catwalk during the designer's show during Milan Fashion Week ...
'Real Housewives of Orange County' star Briana Wolfsmith pregnant again with baby boy
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'Real Housewives of Orange County' star Briana Wolfsmith pregnant again with baby boy
A star of "Real Housewives of Orange County" announces news about her next bundle of joy ...
David Cassidy arrested in LA on suspicion of DUI
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David Cassidy arrested in LA on suspicion of DUI
Former '70s heartthrob David Cassidy has reportedly been arrested for his third DUI ...
'Real Housewives of Orange County' star Briana Wolfsmith pregnant again with baby boy
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'Real Housewives of Orange County' star Briana Wolfsmith pregnant again with baby boy
A star of "Real Housewives of Orange County" announces news about her next bundle of joy ...
Robin Wright engaged to Ben Foster
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Robin Wright engaged to Ben Foster
Robin Wright and Ben Foster have officially confirmed their engagement. Get all the details!
sexta-feira, 10 de janeiro de 2014
Kim Kardashian slams Photoshop lies: I am so disciplined
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Kim Kardashian slams Photoshop lies: I am so disciplined
Kim Kardashian answers her critics for suggesting she Photoshopped her social media pics ...
Week in Photos for Jan. 10, 2014
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Week in Photos for Jan. 10, 2014
Kristen Bell arrives at the Variety Breakthrough of the Year Awards, plus more of your favorite celebs this week in photos!
Hilary Duff and Mike Comrie amicably call it quits
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Hilary Duff and Mike Comrie amicably call it quits
Hilary Duff and husband Mike Comrie are calling it quits. Find out why ...
Tina Fey vs. Amy Poehler: Face-off
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Tina Fey vs. Amy Poehler: Face-off
Who's the hottest funny lady: Tina Fey or Amy Poehler? You decide!
Kim Kardashian flaunts her curves, plus more celeb eye candy
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Kim Kardashian flaunts her curves, plus more celeb eye candy
See some of the best celeb eye candy of late.
Week in Photos for Jan. 10, 2014
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Week in Photos for Jan. 10, 2014
Anne Hathaway and her hubby vacation in Oahu, plus more of your favorite celebs this week in photos!
The Shortlist for Jan. 10
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The Shortlist for Jan. 10
Justin Bieber's neighbor says the Biebs egged his house. Plus, more celeb news in the Shortlist.
Bobbi Kristina Brown and Nick Gordon 'Happily Married:' See Their Wedding Rings!
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Bobbi Kristina Brown and Nick Gordon 'Happily Married:' See Their Wedding Rings!
Bobbi Kristina Brown and Nick Gordon share a photo of their wedding ring-adorned hands on Twitter.
quinta-feira, 9 de janeiro de 2014
Anna Faris wows in beaded pantsuit at People's Choice Awards
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Anna Faris wows in beaded pantsuit at People's Choice Awards
Cast your vote on Anna Faris' People's Choice Awards ensemble ...
Anne Hathaway caught in riptide, gets boo-boo on big toe: See the pics
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Anne Hathaway caught in riptide, gets boo-boo on big toe: See the pics
Anne Hathaway reportedly got caught in a riptide and hurt her toe ...
Fergie and Josh Duhamel's romance over the years
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Fergie and Josh Duhamel's romance over the years
Take a look at Fergie and Josh Duhamel's sweet relationship over the years!
Is Taylor Swift 'casually' dating Snapchat CEO? Not so fast ...
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Is Taylor Swift 'casually' dating Snapchat CEO? Not so fast ...
The latest guy to be linked to Taylor Swift isn't in show business ...
Week in Photos for Jan. 10, 2014
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Week in Photos for Jan. 10, 2014
Anne Hathaway and her hubby vacation in Oahu, plus more of your favorite celebs in this week in photos!
The Shortlist for Jan. 9
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The Shortlist for Jan. 9
Miley Cyrus lands a spring fashion campaign. Plus, more celeb news in the Shortlist.
Justin Timberlake Celebrates People's Choice Awards Wins at Taco Bell: Pictures
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Justin Timberlake Celebrates People's Choice Awards Wins at Taco Bell: Pictures
Justin Timberlake hits Taco Bell after the People's Choice Awards. Check out the silly pics!
quarta-feira, 8 de janeiro de 2014
Diane Kruger's diamond ring sparks Joshua Jackson engagement talk
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Diane Kruger's diamond ring sparks Joshua Jackson engagement talk
Has Pacey popped the question to Diane Kruger?
People's Choice Awards 2014
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People's Choice Awards 2014
Check out your favorite celebs at the 2014 People's Choice Awards!
Jessica Simpson shares most impressive weight loss photo yet
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Jessica Simpson shares most impressive weight loss photo yet
Jessica Simpson shared her most impressive weight loss pic yet!
Chris Brown rejects plea deal in DC assault case
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Chris Brown rejects plea deal in DC assault case
Chris Brown rejected a plea deal in his DC assault case. Get the scoop!
Madonna may have traded dewy dancer beau for an even dewier dancer
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Madonna may have traded dewy dancer beau for an even dewier dancer
Has Madonna rebounded with another young dancer?
Michael Jordan's Home Auction: Best Shot for a High-End Property?
AOL Real Estate - Blog
Michael Jordan's Home Auction: Best Shot for a High-End Property?
Filed under: Buying, Celebrity Homes, Selling
Michael Jordan's suburban Chicago mansion is up on the auction block -- not because of foreclosure or bankruptcy, but perhaps because selling a home via auction seems to be an emerging trend in the luxury real estate market. "Instead of being at the mercy of the market and waiting for buyers to make offers, the sellers are able to name the date of their sale and the format, and they don't have to deal with any negotiations," Laura Brady, president of Concierge Auctions, which is handling the basketball star's home sale, told AOL Real Estate.
Although many may think auctions are for collectibles, fine art, and distressed or bank-owned properties -- such as the former Versace mansion that sold at auction last month for $41.5 million -- home auctions actually have been a growing choice for those selling real estate, especially sellers of unique, high-end properties who want to take control of the sale process, say leaders in the auction industry. Among the advantages: Properties can be sold "as-is," and with no financing contingency, no post-auction inspection period, etc.
There's no minimum opening bid for Jordan's 56,000-square-foot compound in Highland Park, Ill., but potential buyers of the former NBA superstar's estate, which is being sold furnished, do have to put down a deposit of at least $250,000 just to qualify to participate in the home auction. The mansion, pictured above and in slideshow below, features nine bedrooms, 15 bathrooms and a regulation basketball court. The 7.39-acre property currently appears on the Multiple Listing Service priced at $21 million, down from last year's list price of $29 million.
Concierge Auctions, which has set Nov. 22 as the live auction date of Jordan's "Legend Point" property, is one of a few companies operating in the luxury real estate auction space. It and competitors such as Grand Estates Auction Company prefer to hold auctions on-site because, they say, it creates a sense of urgency for potential buyers, as well as being expedient and transparent. Participants bid in person, with paddles, as one might at an antique-collectibles auction. Sometimes, however, buyers will bid over the phone.
Grand Estates -- which focuses exclusively on those properties -- started in 1999 by auctioning off homes valued at $1.9 million and greater. Today the minimum value of a home has to be $2 million. A sister company, Interluxe, deals with lower-priced (but still high-end) homes. As AOL Real Estate has reported, there are even companies that help sellers of for-sale-by-owner properties auction off their homes.
"We were the first to enter the luxury real estate business," says Grand Estates President Stacy Kirk Reich, who co-founded the company with her mother after one of their own properties sat on the traditional market a bit longer than they would have liked. Concierge began in 2005.
"When the market was on fire in 2005, 2006, 2007, sellers were using the auction because they thought they could exceed appraised values, and that was true in that market period," Reich told AOL Real Estate in a phone interview. "Then from 2008 forward, when buyers were reluctant to act [under the traditional sales model] because they feared paying too much, auctions continued to surge ahead and do very well because there were sellers who wanted intensive marketing efforts that created an urgency for the buyers to act now."
At the same time, says Reich, buyers were assured that they weren't paying too much because they knew what the next closest offer was. The live, in-person auction process provides a layer of transparency that one does not find in closed bidding, in which each potential buyer puts in an offer above the reserve or list price, and they have no idea what the other buyers are willing to pay.
Between 2005 and 2008, said Reich, sellers were able to put reserves on the property that buyers were easily able to meet and exceed. Then as the market trended downward, the "absolute" market strategy became more popular because buyers wanted greater buying opportunities. (The "absolute" auction is when there is no minimum bid. With a reserve, the opening bid has to at least match the minimum amount at which the seller is willing to sell.)
Now in 2013, said Reich, "in many marketplaces where there have been double-digit appreciation -- such as parts of Florida, like Naples, Miami and Palm Beach -- sellers once again can set a reserve which buyers will bypass because of the rate of appreciation."
Michael Jordan's home has no reserve. "I have so many amazing, happy memories of my life in the house over the years," Jordan, who helped lead the Chicago Bulls to six NBA championships, said in a statement issued through the auction house. "It's where my kids grew up. It's where I lived during my championship years. But my kids are grown now and I don't need a large house there anymore."
Jordan still has business interests in Chicago, including his restaurants. "Chicago will always have a piece of my heart," said the basketball legend, who now lives in his home state of North Carolina.
MICHAEL JORDAN'S 'LEGEND POINT' MANSION:
More about home and real estate auctions:
Neighbors Dig Deep in Bidding War Over Narrow Strip of Real Estate
Luxury Homes on Auction Block in Bid to Buy Some Buzz
Kenny Rogers' Estate on Auction Block
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent.
Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.
Tina Fey's Sophisticated Style
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Tina Fey's Sophisticated Style
Check out some of Tina Fey's most fabulous red carpet looks.
The Shortlist for Jan. 8
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The Shortlist for Jan. 8
Cara Delevingne and Michelle Rodriguez blow smoke rings, smooch at the Knicks game. Plus, more celeb news in the Shortlist.
Candace Cameron Bure Defends 'Submissive Role' With Husband: 'I Want Him to Lead&apos
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Candace Cameron Bure Defends 'Submissive Role' With Husband: 'I Want Him to Lead&apos
Candace Cameron Bure defends her "submissive role" in her marriage.
terça-feira, 7 de janeiro de 2014
Linda Perry 'shocked' to be named the Art of Elysium's 2014 Visionary
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Linda Perry 'shocked' to be named the Art of Elysium's 2014 Visionary
Linda Perry talks to Wonderwall about being chosen as the visionary to plan the Art of Elysium "Heaven" gala!
Lily Tomlin marries girlfriend Jane Wagner after 42 years together
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Lily Tomlin marries girlfriend Jane Wagner after 42 years together
Lily Tomlin has wed her partner of 42 years, Jane Wagner ...
Jake Gyllenhaal, model Alyssa Miller break up after six months of dating
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Jake Gyllenhaal, model Alyssa Miller break up after six months of dating
Jake Gyllenhaal and his model girlfriend go their separate ways ...
Reese Witherspoon reveals amazing bikini body in Hawaii
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Reese Witherspoon reveals amazing bikini body in Hawaii
Reese Witherspoon shows off her bikini body in Hawaii ...
Motherhood?
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Motherhood?
Does Jessica Biel have babies on the brain? Head to The Daily Beast to find out.
The Shortlist for Jan. 7
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The Shortlist for Jan. 7
The cast of "Girls" goes glam for their Season 3 premiere. Plus, more celeb news in the Shortlist.
Shakira: Rihanna is the sexiest woman on the planet
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Shakira: Rihanna is the sexiest woman on the planet
Shakira talks about her new duet with RiRi and what kind of body her boyfriend likes in the new issue of Glamour ...
Singer Deniece Williams' Plastic-Wrapped Mansion Annoys Neighbors
AOL Real Estate - Blog
Singer Deniece Williams' Plastic-Wrapped Mansion Annoys Neighbors
Filed under: Celebrity Homes, Home Improvement
The mansion wrapped in plastic is not part of a Christo art installation -- those are only temporary. The 20,000-square-foot house in Cherry Hill, N.J., that's owned by a four-time Grammy-winning singer reportedly has been under construction since 2008 with apparently no end in sight -- just the sight of it under a lot of clear plastic, from the chimney to its foundation. Cherry Hill residents are now complaining that the home (pictured above) has become an eyesore with a negative impact on the neighborhood.
AP
"I can't imagine why someone would leave it like this," Realtor Anne Koons, who is selling a property down the street, told TV station KYW in Philadelphia. It's owned by singer Deniece Williams (pictured at right), perhaps best known for the disco hit "Let's Hear It for the Boy," who the Philadelphia Inquirer said halted construction on it in 2010. Property records reveal that Williams, also a noted gospel performer, and her then-husband acquired the property for $425,000 in 2002. At the time it held a 2,300-square-foot home built in 1954.
As seen in the TV station's video below, neighbor Klara Alperstein calls the home depressing, an eyesore, and speculates that mold is growing beneath its graying, fraying plastic. Another of those living nearby is Cherry Hill's mayor, Chuck Cahn. "As a neighbor, obviously, he wants to see it sold or completed and brought up to neighborhood standards," said Bridget Palmer, a township spokesperson speaking on his behalf.
The newspaper reported that when the township communicated with Williams in 2012, the singer said that she would finish the construction. Meanwhile, building permits for the home are still valid, it's been compliant with all laws, and payment on its property taxes are up-to-date, according to KYW. As a result, there reportedly is little that town officials can do.
While it's unexplained what brought construction to a stop in Williams' case, the timing falls in line with the Great Recession and the collapse of the housing market that halted so much homebuilding -- perhaps most notoriously billionaire David Siegel's "Versailles," which was designed to be America's largest private home.
More news about neighbor disputes:
Purple-and-Pink House Stirs Passions in New Jersey Town
'Naked Hangout' Club Upsets Neighbors
Romneys Get OK to Raze and Rebuild in La Jolla
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent.
Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.
Royal commute: Prince hops a train to Cambridge
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Royal commute: Prince hops a train to Cambridge
Prince William kicks off his Cambridge studies with a train ride to class.
segunda-feira, 6 de janeiro de 2014
Camille Grammer wins permanent restraining order against ex-boyfriend
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Camille Grammer wins permanent restraining order against ex-boyfriend
Camille Grammer has been granted a restraining order against her ex-boyfriend through 2017.
Tina Fey and Amy Poehler: 10 reasons why we love the Golden Globe Awards hosts
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Tina Fey and Amy Poehler: 10 reasons why we love the Golden Globe Awards hosts
Check out the top 10 reasons why we love Tina Fey and Amy Poehler.
Justin Bartha's new wife is pregnant
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Justin Bartha's new wife is pregnant
Justin Bartha got married over the weekend, and now comes news that his wife is expecting!
The Romance Report for Jan. 6
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The Romance Report for Jan. 6
Charlize Theron continues to spend lots of time with Sean Penn, plus more romance news ...
Zooey Deschanel, Amy Poehler and more funny ladies talk career struggles and more!
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Zooey Deschanel, Amy Poehler and more funny ladies talk career struggles and more!
Zooey Deschanel, Amy Poehler, Mindy Kaling and Allison Williams talk Hollywood and fashion with Elle ...
Miley Cyrus is a 'great girl,' but we're not dating, says Kellan Lutz
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Miley Cyrus is a 'great girl,' but we're not dating, says Kellan Lutz
Kellan Lutz responds to Miley Cyrus hookup rumors ...
Scott Disick loses father two months after mother's death
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Scott Disick loses father two months after mother's death
Scott Disick loses his father less than two months after the death of his mother.
Drew Barrymore on Her Mother: 'We Can't Really Be in Each Other's Lives at This Point
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Drew Barrymore on Her Mother: 'We Can't Really Be in Each Other's Lives at This Point
Drew Barrymore opens up about her troubled relationship with her mother in Marie Claire.
The Shortlist for Jan. 6
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The Shortlist for Jan. 6
Kim K. and Blac Chyna kick off the year with bootylicious gym selfies. Plus, more celeb news in the Shortlist.
Charlie Sheen Jokes He Married Porn Star Girlfriend Brett Rossi
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Charlie Sheen Jokes He Married Porn Star Girlfriend Brett Rossi
Did Charlie Sheen get married again?
Scott Disick loses father two months after mother's death
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Scott Disick loses father two months after mother's death
Scott Disick loses his father less than two months after the death of his mother.
domingo, 5 de janeiro de 2014
Gwyneth Paltrow Rocks a Tiny Bikini With Hubby Chris Martin in Hawaii
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Gwyneth Paltrow Rocks a Tiny Bikini With Hubby Chris Martin in Hawaii
Gwyneth Paltrow shows off her toned frame in Hawaii...
Palm Springs International Film Festival Awards Gala 2014
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Palm Springs International Film Festival Awards Gala 2014
See what the stars wore to the Palm Springs International Film Festival Awards gala...
Alexa Vega Marries Big Time Rush's Carlos Pena Jr. In Mexico
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Alexa Vega Marries Big Time Rush's Carlos Pena Jr. In Mexico
Alexa Vega and Carlos Pena Jr. tie the knot in Mexico...
Kim Kardashian Flaunts Toned Abs, Booty in New Instagram Shots
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Kim Kardashian Flaunts Toned Abs, Booty in New Instagram Shots
Kim Kardashian can't stop posting photos of her post-baby body. See the latest...
Jenny McCarthy slams rumor that her son Evan doesn't have autism
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Jenny McCarthy slams rumor that her son Evan doesn't have autism
Jenny McCarthy slams report claiming she backtracked on son Evan's autism diagnosis...
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