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Australian NBA star Ben Simmons, renowned for his role as point guard with the Brooklyn Nets and his high-profile relationship with supermodel Kendall Jenner, has made a significant decision off the basketball court. He's opted to auction his Los Angeles mansion, showcasing a USD 10 million reduction in price. Initially listed in 2022 at USD 22,999,000, the lavish property in the celebrity enclave of Hidden Hills is now available for USD 17,495,000. This seven-bedroom, eight-bathroom estate is being promoted on Concierge Auctions' online platform, with bidding scheduled to start on April 18 and end on April 30. Anticipated starting bids range from USD 7 million to USD 12 million.
Handling the sale are reputable agents from The Beverly Hills Estates: Rayni Williams, Branden Williams, Gregory LaPlant, and Rachel Salgado. Simmons, a native of Australia, formerly played for the Philadelphia 76ers before joining the Brooklyn Nets. In a statement published on Concierge Auctions' website, Simmons attributed the decision to sell his cherished home to his predominantly East Coast commitments, which render the West Coast residence underutilized.
The decision to auction the property reflects Simmons' desire to streamline his real estate portfolio and optimize his assets in alignment with his lifestyle and professional commitments. Despite the luxurious amenities and prime location of the Los Angeles mansion, Simmons' shifting priorities necessitate divesting of the property.
The property's prolonged stint on the market since 2022 underscores Simmons' deliberate approach to the sale, as he seeks to secure a favorable outcome amidst fluctuating market conditions. The substantial price reduction reflects Simmons' realistic valuation of the property, aimed at attracting prospective buyers and expediting the sale process.
Ultimately, Simmons' decision to auction his Los Angeles home underscores his astute financial acumen and proactive approach to managing his real estate investments. By capitalizing on market opportunities and leveraging professional expertise, Simmons aims to achieve a favorable outcome and streamline his portfolio in line with his priorities and objectives.
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