'The most expensive mansion in all of Los Angeles just sold for less than half its list price during Thursday\'s bankruptcy auction. The property was purchased by 40-year-old Fashion Nova CEO, Richard Saghian. Known as \'The One\', the sprawling estate was originally listed for a whopping $295 million before one of five bidders was ultimately able to secure the deal at $141 million. The home is located near the mansion of Jennifer Aniston and was the dream project of developer Nile Niami. The home covers 105,00 square feet and was once marketed for $500 million though no buyer was found. The home was placed into bankruptcy in October after creditors foreclosed on the $100+ million debt. WATCH MORE AND SUBSCRIBE! https://www.youtube.com/X17onlineVideo For all the latest Celebrity Gossip, Entertainment News and the best Paparazzi Photos and Video, check us out on http://www.X17online.com Get social with X17online!: Follow us on Twitter!: https://twitter.com/x17online Like us on Facebook!: https://www.facebook.com/x17online For advertising with X17, email ads@x17agency.com For photo and video licensing, email sales@x17agency.com #TheOne #Mansion #RichardSaghian'
Tags: jennifer aniston , mansion , Aerial , auction , the one , Nile Niami
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