The 2nd-place bidders did not want it after all.
The Flatiron is officially going up for auction. Again. And maybe this time it won’t be a total fiasco.in New York real estate, who placed the winning bid of $190 million, fell to his knees, and told reporters that this was his “lifelong dream.” Then he failed to make the 10 percent deposit to keep it. That sent the option to buy to the second-highest bidder: a consortium of three of the current owners, who had their paddle up at $189.5 million.
Meanwhile, Crain’s reports that Garlick is still responsible for the down payment and for the cost of that useless, time-sucking auction. Although maybe it wasn’t a total waste of Garlick’s money: For $19 million, he became about as household of a name as you can get in the real-estate business.
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