Six bidders vied on Tuesday afternoon to buy the King Road Estates in Park City. But it was a late-night effort by auctioneer Rob Olson, to land a $12 million offer from a seventh potential buyer, that added some additional drama.
The 6,800-square-foot home on 56 acres just off the Payday ski run at Park City Mountain Resort received attention from bidders worldwide. It was announced earlier this month that U.S. Bankruptcy Court trustee Duane Gillman intended to put the property on the auction block.
"We had six interested buyers at the auction one on the phone," said Rob Olson, the veteran Utah auctioneer who stood in the living room of the high-end luxury home and offered the property to the highest bidder.