The result is The One. While Niami originally intended to complete the dwelling in under five years and list it for sale for a whopping $500 million, that plan never came to fruition. Following nearly a decade of construction (which drew the ire of many of his famous neighbors like Jennifer Aniston), the home went into receivership in 2021 and was finally sold via auction this past March for $126 million (or $141 million with all costs and premiums factored in). Concierge Auctions, in conjunction with Aaron Kirman of Compass and Branden Williams and Rayni Williams of Williams & Williams Estates Group, handled the sale, with Stuart Vetterick of Hilton & Hyland representing the buyer. Per the Storeys website, the pricey transaction “set the record for the most expensive sale ever seen at an auction. It went for more than double the highest U.S. sale at auction and nearly 50% higher than the world record.”
