An Auction in Greenwich: Price Negotiable!

Stanley Cheslock is the former merchant banker who spent four years building the Greenwich estate pictured above, which comes with a 26,000-square-foot house, indoor pool, movie theater, 12-car garage, and 3,700-bottle wine cellar. Pretty nice place, eh? Poor Stan spent some $21 million building it from the ground up. Except when he was done, he and his wife realized they'd overextended themselves a wee bit and decided to put the property up for sale. Unfortunately, the Cheslocks didn't find anyone interested in writing a check for $31 million. So he and his wife did the unthinkable: They put the property up for auction. (Like a rundown apartment in foreclosure! The shame!) The sealed bidding process started at $19 million—or $2 million less than what Cheslock paid to build it—and it ends precisely two weeks from today. More photos follow below.

An Auction in Greenwich: Price Negotiable!
An Auction in Greenwich: Price Negotiable!
An Auction in Greenwich: Price Negotiable!
An Auction in Greenwich: Price Negotiable!
An Auction in Greenwich: Price Negotiable!

Living Large: 'Oversized Mansion Syndrome' [ABC News]
Hillcrest Estate [hillcrestgreenwich.com, via Luxist]