The sprawling mansion has 13 bedrooms and 17 full bathrooms.Mark Singer
- Hungarian-born billionaire Steven Udvar-Hazy is auctioning off his $160 million Beverly Hills estate, Villa Firenze, after more than two years of trying to sell it, Beckie Strum reports for Mansion Global.
- The bidding starts on January 26 with Concierge Auctions and will last about a week, with no minimum price.
- Udvar-Hazy, who made his $4.1 billion in the airplane leasing industry, first put his 10-acre Italian-style estate on the market in 2018 for $165 million.
- The property includes a lavish 20,000-square-foot mansion, three guest houses, a resort-style swimming pool, tennis courts, and formal gardens and fountains.
A Hungarian-born billionaire is putting his lavish Beverly Hills estate up for auction after spending more than two years trying to sell it, Mansion Global reported.
The nearly 10-acre Villa Firenze estate first hit the market in 2018 for $165 million. Its owner, Steven Udvar-Hazy, amassed his $4.1 billion fortune in the airplane leasing industry. Udvar-Hazy, who's currently the chairman of Air Lease Corp, told Mansion Global he's putting the estate up for auction to speed up the sale of the property, which is currently listed with Hilton & Hyland for $160 million.
Bidding for Villa Firenze, which will be held by digital auction house Concierge Auctions, starts on January 26 and is open for eight days. There's no minimum price, so Udvar-Hazy will have to accept the highest offer.
"Many of the world's most desirable, coveted items are sold at auction - and like these, Villa Firenze is also a work of art in itself," Udvar-Hazy told Mansion Global. A spokesperson for Udvar-Hazy's company declined to offer any additional comment on the sale, instead directing Insider to Hilton & Hyland. Hilton & Hyland declined Insider's request for further comment.
Take a peek inside Villa Firenze, which was assembled from three separate lots into an "Italian Village."