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Dick Fuld's massive Sun Valley compound sold at auction for a 'record breaking' price

Julia La Roche   

Dick Fuld's massive Sun Valley compound sold at auction for a 'record breaking' price
Finance1 min read

Former Lehman Brothers CEO Dick Fuld's gorgeous Sun Valley, Idaho compound sold last week for a "record-breaking" price at an auction.

The winning bidder for the 71.3-acre Big Wood River Estate is an unidentified person from the Pacific Northwest, Concierge Auctions said in a release.

It's unclear how much was paid. The minimum bid was $20 million. Concierge Auctions' said in a statement that it was the most expensive residence ever known to sell at auction, and the highest known price for a residence in Sun Valley.

Concierge Auctions previously estimated that the property could fetch from $30 to $50 million.

Before its demise in 2008, Lehman Brothers was the fourth largest Wall Street bank. Fuld had been the CEO since 1994. Since the bankruptcy, Fuld has kept a relatively low profile. He recently reemerged at a small-cap conference this spring.

Now, let's take a tour of his former compound.

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