It is a tumble from grace tale with all the factors of a Hollywood blockbuster, showcasing tens of millions of bucks, glamorous true estate and dashed goals. Its protagonist: a cosmetic skin doctor to the stars, recognized for his Botox and buttock-improvement strategies, who tried out his luck as a megamansion developer.
The resulting Bel-Air mansion, total with a DJ booth, a Champagne tasting home and an NFT art gallery, is now slated to strike the auction block after the developer, Alex Khadavi, filed for personal bankruptcy protection, courtroom data demonstrate. In a personal bankruptcy court hearing in Los Angeles on March 30, Choose Sheri Bluebond indicated that she could before long sign off on the sale of the assets, Dr. Khadavi’s most significant asset, by auction with a reserve selling price of $50 million. A reserve price tag is the bare minimum total that the operator of an auction item will settle for as the successful bid.