As previously noted on That NBA Lottery Pick, legendary Chicago Bulls star Michael Jordan was trying to sell his Chicago-area mansion for a cool $13 million dollars.
Sadly for his airness, the economy prevented the mansion from being sold this time around since no one came up to the reserve bid for legendary home.
Here are more details from the fine folks at the Sporting News:
Michael Jordan’s 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short.
Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago.
Portnoy says Concierge Auctions publicized Monday’s auction well, but that market conditions aren’t ideal. She says options for the property will be evaluated next year.
The home had been previously offered at $26 million in 2012 but failed to capture any bids.
Jordan image courtesy of Getty Images