Malone's mansion plummets in price

http://deseretnews.com/dn/view/0,1249,600135285,00.html

It has a shooting range, two swimming pools, 11 baths and great curb appeal
(although no curbs). But selling a house listed at nearly $6 million is
never a slam dunk, so on Thursday afternoon former Jazz star Karl Malone's
house was put on the auction block.

"Five million," shouted auctioneer Craig King as he optimistically started
the bidding. Eight minutes later, less time than it takes to play a quarter
of basketball, Malone's mansion was sold to the highest bidder at $2.5
million, plus a 10 percent commission. It was what is known in the business
as an "absolute auction," which means someone is guaranteed to go home with
a new house, no matter how low the high bid is.

The winner, calling his bids in by phone, was Malone's agent, Dwight Manley
of Newport Beach, Calif. Manley, who is also a real estate investor, is now
the proud owner of the house Malone put on the market after moving to the
Los Angeles Lakers in 2003.