Sun Valley Estate of former Lehman Brothers CEO goes to auction.

Richard Fuld’s 71-acre Big Wood River Estate will be offered at auction on August 19 by Concierge Auctions. Originally marketed for $59.5 million, it is expected to fetch between $30 million and $50 million, according to The Wall Street Journal. Situated at the foot of Bald Mountain, the property includes a 9,200-square-foot main house, guest quarters, and a gatehouse. All three rock-and-timber structures were designed by Alan Wanzenberg. The estate also enjoys 2,100 feet of Big Wood River frontage. Big Wood River Estate sits minutes from Sun Valley and Ketchum, and has convenient airport access. “This is ideal for someone who likes privacy and seclusion,” said Laura Brady, president of Concierge Auctions. Read more HERE.