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Celebrity Realtor Reveals What Stars Are Looking for in a Home

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Furniture mogul Gary Friedman get $24 million for half-built mansion in Beverly Hills

Gary Friedman, chief executive of the high-end furniture retailer RH, just quietly sold his half-built home in Beverly Hills for $24 million. The off-market deal highlights the skyrocketing value of land in affluent pockets of L.A. since the pandemic. Records show Friedman bought the property in its half-finished state for $15 million in 2019, so the sale brings a profit of $9 million. Even in its unlivable state, it’s no surprise the property fetched such a fortune. It sits at the end of a cul-de-sac and spans 2.8 acres — a rare amount of land for the neighborhood. The house was originally built in 2013 by Marmol Radziner, an L.A.-based architecture firm known for its contemporary designs and restoration work, including the 2007 restoration of Richard Neutra’s Kaufmann Desert House in Palm Springs.

Auction for 777 Sarbonne megamansion starts with high interest: Kirman

Geopolitical situation, stock market volatility didn’t dim pre-bid interest in Bel Air megamansion Let the bidding start on one of Los Angeles’ most expensive properties. The bankruptcy auction of 777 Sarbonne in Bel Air started yesterday at 4 p.m. and will continue online through Monday, with a $50 million reserve set on a property once listed for $87 million. The auction will be conducted as an online marketplace produced by Concierge Auctions. It is scheduled to close at 4 p.m. on May 9–although that’s a “soft” close, which means the auction will continue until active bidding ceases. Winning bids often come in the final moments, said Chad Roffers, president of the auction house. Aaron Kirman, CEO of the Aaron Kirman Group at Compass, shares the listing with Mauricio Umansky of The Agency. They will split a 2 percent co-broke commission. The seller’s agent will get 2 percent commission. Kirman said the runup to the auction has been promising, with more than 75 showings of the seven-bed, 11-bath home on more than one-acre since the auction was announced in March. Typically, listing agents field half that number of showings before an auction of mega-mansion, he said. Prospective buyers hail from the Middle East, China, as well locals in Los Angeles. Kirman said that he traveled to the Netherlands and Spain to meet with prospective buyers in late April. While the geopolitical situation is more volatile now than at the beginning of 2022, Kirman said that war in Ukraine and a slow stock market have not seemed to affect the interest of clients in buying a megamansion. And how much does he forecast the highest bid will be? “Pricing is difficult for estate homes,” Kirman said. “(The winning bid) tells us what the value really is. It’s something no one knows until the very end.” https://therealdeal.com/la/2022/05/06/auction-for-777-sarbonne-megamansion-starts-with-high-interest-kirman/

BID NOW: Bel Air Mega-Mansion—Featuring Multi-Sensory NFT Art Gallery & Retractable DJ Booth—Will Sell to Highest Bidder

The exclusive mansion, represented by acclaimed agents Aaron Kirman and Mauricio Umansky, will sell to the highest bidder on May 9. With past successes working with Concierge Auctions, it was an obvious choice to take yet another listing to auction with them, and we’re looking forward to another successful sale.”— Aaron Kirman, Listing Agent LOS ANGELES, CALIFORNIA, UNITED STATES, May 6, 2022 /EINPresswire.com/ -- Concierge Auctions announced today that bidding is now open for Palazzo di Vista in Los Angeles, California. Listed for $87,777,777, the current ask sits at $42.5 million, and in just four days, the auction will conclude with the property selling to the highest bidder. Concierge Auctions is working in cooperation with Multibillion-dollar producing international real estate agent Aaron Kirman of Aaron Kirman Group at Compass and Mauricio Umansky of The Umansky Team at The Agency, all as hired parties in the sale of this once-in-a-lifetime estate. Bidding will close on May 9th. Visit Concierge Auctions’ online marketplace to watch live as buyers digitally place bids from around the world. "We're pleased to collaborate once again with Aaron Kirman and Maurico Umansky on another top-tier California property," stated Chad Roffers, President of Concierge Auctions. "Palazzo di Vista exemplifies the type of exclusive properties that are perfectly suited to the luxury auctions that have become our hallmark. You wouldn't be able to recreate another property with these protected panoramic views, five-star amenities, top-tier entertainment spaces, and unmatched privacy. With only four days to bid, now is the time to register and get involved as the property will sell come May 9th.” Located at 777 Sarbonne Road, the 20,000± square-foot property boasts endless views of downtown Los Angeles, the San Gabriel Mountains, and the Channel Islands beyond. The number ‘7’ is of special value to the home as not only did the renovation take place over seven years to complete, but many of the architectural elements and measurements are designed in multiples of seven. From the three oversized ‘sevens’ with the property address at the end of the driveway, each measuring 7-feet, 7-inches tall, to the dazzling entrance with a soaring 14-foot-tall front door and floating marble bridge-like pathway to the sleek and sprawling living room with 21-foot-high ceilings, the number seven deeply ingrained. The living area also offers style with no shortage of luxury finishes: a retractable hydraulic DJ table for top-tier entertainment compliments the gleaming glass elevator and its encompassing Feng Shui koi pond. Deeper into the property, a stunning art gallery houses a private art collection curated by Sylia de Palma of MDP Art Curators that includes both traditional art and NFTs. Incomparable luxury awaits in the primary suite, where a towering glass wall opens to a floating wrap-around deck composed of marble and glass, with all of Los Angeles beyond. The atmosphere, reminiscent of a seven-star resort, extends to the en suite bath, where dual-facing showers, marble vanities, and expansive walk-in closets surround the show-stopping soaking spa tub. Venture outdoors to relax by the oversized infinity-edge pool with panoramic views of L.A, complete with its dramatic views of Los Angeles that are forever protected by a property easement. “After a seven-year renovation, this home has become one of the finest L.A. has to offer and the buyer of this property will ultimately be investing in a lifestyle that is nearly impossible to find,” said Aaron Kirman, Listing Agent. “With past successes working with Concierge Auctions, it was an obvious choice to take yet another listing to auction with them, and we’re looking forward to another successful sale.” Additional features include seven bedrooms and 11 full bathrooms; sleek white walls and polished Calacatta Gold Marble floors throughout; sprawling living room with a 21-foot-tall glass wall that overlooks L.A.; Feng Shui koi pond; bookmatched Calacatta Gold Marble-clad bath with a glass-wall that can be fogged for privacy at the touch of a button; expansive walk-in closets; designer chandeliers throughout; versatile outdoor entertaining spaces with several fire features, including seating areas and an extra-large dining table; secluded outdoor bar; a separate two-bedroom guest house; two luxury garages, one in white marble and the second in black; hidden underground red wine storage area; and a glass-walled elevator—all just 20 minutes to Beverly Hills and downtown Los Angeles, and 25 minutes to Los Angeles International Airport to jet off to the destination of your choice. “Whether you want to entertain on a top-tier level, take advantage of unparalleled amenities, or soak in arguably one of the greatest views of Los Angeles, this estate can offer it all,” shared Mauricio Umansky. “Truly a one-of-a-kind opportunity, 777 Sarbonne Road even offers a first-of-its-kind multi-sensory Non-Fungible Token (NFT) art gallery.” Synonymous with luxury and is known for its star-studded residents and spectacular homes, Bel Air is a beautiful Los Angeles neighborhood where exclusivity and close-knit community go hand-in-hand. The winding roads are an oasis, lined with luscious greenery and grand estates. Together with nearby Holmby Hills, just 15 minutes away, and Beverly Hills, 20 minutes away, Bel Air completes the Platinum Triangle of idyllic and prosperous communities. The dramatic snow-capped peaks of the Santa Monica Mountains perfectly complement the iconic L.A. skyline. Take a quick drive down to Rodeo Drive for world-renowned luxury shopping. UCLA is less than 1 mile from Palazzo di Vista’s front gates, not to mention its close proximity to the top three premier grade-schools in Los Angeles and easy access to the 405, making travel to the airport a breeze. Bel Air truly offers all the conveniences and excitement of bustling Los Angeles just a stone’s throw away. Palazzo di Vista is available for showings daily by appointment and additionally available for private virtual showings.

Once Asking $87.777 Million, a Celebrity Botox Doctor’s L.A. Megamansion Fetches $45.76 Million at Auction

Alex Khadavi’s roughly 21,000-square-foot Bel-Air spec mansion failed to reach its $50 million reserve price Celebrity botox doctor Alex Khadavi told The Wall Street Journal in April that his Bel-Air spec house would sell in excess of its $50 million reserve price at auction. “I have a nice buffer over here. I’m not going negative like the people at The One,” he said in April. “Everybody’s going to get paid.” But when the auction closed Monday, the highest bid was only $45.76 million, failing to meet the minimum threshold set by bankruptcy courts after Dr. Khadavi filed for bankruptcy protection in 2021. The offer will be submitted to the court for approval, and back-up bids may be submitted as well, said Aaron Kirman of Compass, who had the listing with Mauricio Umansky of The Agency. “After a spirited auction, the bidding is closed and the high bid is in the hands of the Trustee. With over 87 qualified showings in the last 60 days, we are confident market value was delivered,” said Chad Roffers, president of Concierge Auctions. “After 87 showings, we had two prospective buyers compete,” said Mr. Kirman. “We look forward to the trustee’s decision to move forward with this sale.” The roughly 21,000-square-foot, seven-bedroom home was listed for $87.777 million in May 2021. They received several offers that fell through before it was scheduled for auction with Concierge Auctions, Dr. Khadavi told the Journal last month.

Realtor Ani Nersisyan Joins Real Estate Powerhouse Team Aaron Kirman Group at Compass, Selling $25M in Just Two Years

Ani Nersisyan, a San Fernando Valley-based real estate agent, announced today she has joined Aaron Kirman Group at leading technology-enabled residential real estate brokerage, Compass. LOS ANGELES, May 12, 2022 /PRNewswire-PRWeb/ -- Ani Nersisyan, a San Fernando Valley-based real estate agent, announced today she has joined Aaron Kirman Group at leading technology-enabled residential real estate brokerage, Compass. Just three years ago, Nersisyan simultaneously moved from Armenia to America, started her real estate career, got married and had a baby; now, she's sold over $25 Million of real estate in her first two years in the business. "I have to give credit to my teaching background for my strong real estate career," said Nersisyan. "I am a great listener, and so I actively listen to my clients' wants and needs, then focus all of my energy on finding them that perfect home." While Nersisyan primarily focuses on working with high-net-worth residential buyers and sellers –– including Armenian celebrities such as Las Vegas star Arman Hovhannisyan –– she recently represented the High Way Group as a buyer in a $2,200,000 commercial warehouse sale in Sacramento. The property Nersisyan identified for the High Way Group was such a good match that they decided to move the focus of their project's operations from Los Angeles to Northern California, which has been operating smoothly ever since. Nersisyan has been featured on the LA Talk Radio podcast, where she was invited to share her success story and empower other women in the industry with her strong work ethic. They discussed all of Nersisyan's 'How To's' regarding her success within such a short period of time being so new to the country and the real estate industry. Founded by Aaron Kirman of synonymously named real estate team Aaron Kirman Group, and the President of International Estates at Compass, Aaron Kirman Group has grown into a $9.2-billion dollar-producing real estate team –– $1.2 billion in 2021 alone –– built on a single guiding principle: to build a team where a group of like-minded individuals could support one another to rise together in competing within the most dominant and competitive market in the world. Based in Beverly Hills, California, Aaron Kirman Group is consistently ranked among the top 10 top producing teams by Wall Street Journal and Real Trends, setting price-per-square-foot records throughout Southern California. Check out Aaron Kirman and his team on their raved-about show, Listing Impossible on CNBC. For more details, visit http://www.aaronkirmangroup.com or on Instagram @akg.re. Nersisyan can be reached at instagram.com/ani.realtor, nersisyan.realestate@gmail.com and 818.388.3548. https://www.wfmz.com/news/pr_newswire/pr_newswire_business/realtor-ani-nersisyan-joins-real-estate-powerhouse-team-aaron-kirman-group-at-compass-selling-25m/article_bce312eb-93c3-57fd-8325-179b190433c6.html

This flashy Bel Air mansion that was listed at $87.8 million flopped at auction — and now the seller is furious

An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi. “Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for Chapter 11 bankruptcy protection two weeks after putting the home on the market last year. Despite flashy amenities such as a stealth DJ booth that rises out of the living room floor by hydraulics, a black marble-clad car gallery and a glass and marble bridge suspended above the foyer, the auction for the property in the luxury Los Angeles neighborhood failed to meet the $50 million reserve, the lowest amount Khadavi would entertain. “Nobody told me this thing’s going to go below, below this level,” he said. Khadavi — who owes tens of millions of dollars to several creditors, according to court filings — had hoped the auction would precipitate a sale price large enough to cover his debt. But the doctor told CNBC he wasn’t happy that the auction, which concluded Monday evening, coincided with large drops in both equities and crypto. Khadavi also said he believed his deal with the auctioneer, Concierge Auctions, precluded the company from starting the bidding under the reserve price. So when the five-day auction opened, he was shocked to see the auction house start bidding $10 million below the lowest price he’d agreed to consider. The seller believes that lower-than-expected starting point set the stage for what happened next. The bids came in slow and on the last day of the auction the highest bid was accepted, and it fell about $4.2 million short of the reserve. The last offer of $46.8 million before the auction closed wasn’t achieved.

Tesla’s Chief Designer Pays $51 Million for Adam Levine’s Palisades Estate

If you’re among the 1.27 million people who pre-ordered the upcoming Cybertruck and have a hankering to see one in the flesh, you may want to scoot on over to Pacific Palisades. There’s a decent chance one of the first examples off the assembly line will be tooling around the posh Riviera section of town, where Cybertruck lead designer Franz von Holzhausen and his wife have just bought a sumptuous compound, in a $51 million deal initially reported by the L.A. Times. Of course, von Holzhausen isn’t “just” the Cybertruck guy. Elon Musk’s stalwart sidekick has been Tesla’s chief of design since 2008 — since before Tesla was even a thing, practically — and designed all of the brand’s most successful models, including the Model S, Model X, Model 3 and Model Y. Before joining Tesla, the Connecticut native worked for General Motors, where he met fellow automotive designer Vicki (née Vlachakis), a Pasadena, Calif. native who is now founder and owner of the sleek Von Holzhausen fashion line. The couple’s new home was sold by Adam Levine and Behati Prinsloo, who first put the place up for grabs less than two months ago, asking $57.5 million. While the final sales price represents an 11% discount, it’s still a whopping $19 million more than the Prinsloo-Levines paid for the place just over three years ago. It’s also believed to be the fifth-priciest L.A. home sale this year, behind only the $126 million that Fashion Nova’s owner paid for Bel Air’s The One megamansion, Drake’s $75 million splurge, the $70 million a Hong Kong billionaire paid in Beverly Park, and Adele’s $58 million deal to buy Sly Stallone’s estate. Set on a verdant three-acre lot in what is arguably the poshest pocket of the Palisades Riviera, von Holzhausen’s new estate has a unique, only-in-L.A. sort of history. The nearly 9,000-square-foot main house was originally built in the late 1930s and designed by beloved California architect Cliff May, and was reportedly once owned by Gregory Peck. In the 2000s, the property came to be owned by powerful Hollywood producer Brian Grazer, who installed what is perhaps the property’s most fascinating feature — a four-bedroom guesthouse that actually lies mostly underground, sitting bunker-style below the back lawn. (Yes, it would make the ultimate studio for top-secret car design meetings, or perhaps a state-of-the-art Bond villain lair.) Grazer sold the estate in ’09 for $17.6 million to Ben Affleck and Jennifer Garner, who lived there during the entirety of their marriage and for some years afterward, with Garner occupying the main house and Affleck shacking up in the guesthouse. They sold the property in 2019 for $32 million to Levine and Prinsloo, who subsequently hired celebrity interior designers Tommy and Kathy Clements to redo the place. The resulting decor, minimalist and demure in a pared-down sort of way, is seen in photos below and was also featured in Architectural Digest, in the form of a video tour hosted by the owners themselves. Although von Holzhausen’s net worth does not seem to be a matter of public knowledge, and the elusive designer rarely gives interviews, he’s been with Tesla since before the company went public in 2010. In the 12 years since, the trillion-dollar company has become the world’s most valuable automaker, and someone who invested $1,000 back in 2010 would now be sitting on as much as $120,000. So it’s probably a fair guess that von Holzhausen and his family are already set for life — and probably several more lifetimes beyond, too.

Bel Air megamansion listed for $87.8 million flops at auction and the celebrity developer seller is furious

Bel Air megamansion listed for $87.8 million flops at auction and the celebrity developer seller is furious According to CNBC, the highest bid for the property was just under $45.8 million—around 52% of the mammoth asking price. The mansion, located at 777 Sarbonne Road in Bel Air, Calif., was auctioned online by Concierge Auctions earlier this month. On top of its seven bedrooms, 11 bathrooms, and “dramatic views of Los Angeles,” the property boasts a range of unique features including a retractable hydraulic DJ table, a feng shui koi pond, and a glass elevator. The house also comes complete with an infinity pool, a two-bedroom guesthouse, and an underground wine cellar. While the sale is pending, the auction house is still accepting backup bids. The buyer of the property will pay a 5% buyer’s premium on top of the final price, according to the listing. If it does go through at the current price, it would be the fourth most expensive home to ever sell at auction. ‘Horrible, horrible, horrible’ The property’s seller, celebrity dermatologist and developer Alex Khadavi, told CNBC the auction results were “horrible, horrible, horrible." "Nobody told me this thing’s going to go below, below this level,” he added. Back in April, he told the Wall Street Journal the property would sell for more than its $50 million reserve price.

Beverly Hills Mansion Comes With its Own Car Showroom and a Link to Muhammad Ali

It was designed by Jae Omar, a favorite of celebrities across the board. Buyers of ultra-luxe real estate are known for being picky. After all, if you are going to spend tens of millions of dollars on your next home or investment, you want it to be absolutely perfect. Well, now there's a new property on the market in one of the world's most coveted zip codes -- and it has the design pedigree to go with both a $26.95 million price tag and the neighborhood's posh environs. Dubbed The Channel House, the massive five-bedroom, nine-bathroom home was designed by Jae Omar, a favorite of celebrities across the board. Past clients include Sean McVay, head coach of the Los Angeles Rams, and Sophie Turner, who played Sansa in "Game of Thrones" and is now married to Joe Jonas. Omar's properties are usually pitched to the real estate elite but his inclusion in the Los Angeles Times' Top 25 Designers has raised his profile -- and that shows in his latest property to hit the market. Perched on a hillside with sweeping views of much of L.A., Channel House also includes a chef’s kitchen with Miele appliances, custom cabinetry by Doca of Spain, and an adjacent temperature-controlled wine room and bar. Visitors arriving at the compound enter through a 14-foot screened privacy walkway that passes over a water feature and marble pads, which lead into a massive living room.

Metahouse Could be First of Many

Real estate — both in the real and virtual world — is increasingly expensive and, in some cases, even tied together. A home dubbed the Beverly Hills Metahouse was recently listed for $9.4 million. What makes it unique is not its architecture or even the fact that the property has approved plans for a new house on-site — the current home will be razed — but that the buyer will have the option to purchase four parcels of land in Decentraland, a virtual marketplace, for $100,000. The metaverse property is a replica of plans for the Beverly Hills home at 607 N. Arden Drive Listing agent Rochelle Maize of Nourmand & Associates said she had the idea to tie the for-sale home in Beverly Hills to a metaverse property six or seven months ago, when she started to see more being written about the new virtual world. New concepts and roles Maize isn’t the only real estate agent to notice promise in the metaverse. Ania De Pourbaix and Jesse Ozar of The XO Group at Compass are working on metaverse real estate as well. Both operate in the L.A. area. “We created a division out of our XO Group called the XYZ Group, which is dealing with all things metaverse real estate,” Pourbaix said. The team has purchased a “meta mansion” that will be used as a virtual office space for the group. Ozar and Pourbaix said this is a way to interact with clients within the metaverse. “One of the things that got us really hooked on this idea was not staying stagnant and always trying to look forward to the future,” Ozar said, adding that younger buyers are more comfortable with the idea of the metaverse. “We see it becoming mainstream in the next few years,” Ozar said. “We want to be prepared to be the know-all resource.” But some experts disagree on what the metaverse will mean for real estate agents. Pourbaix said clients would “always need guidance.” “The role of a real estate agent has changed from the holder of listings to now much more of an advisory role,” she said. “We plan on being the ones that can guide people.” She said commissions would likely work the way they do now and be paid to agents for advising their clients. Moretti, however, said Realtors “aren’t needed” for buying and selling in the metaverse. “The whole idea of blockchain is to get rid of the middleman,” she said. Future Compass agent Aaron Kirman, who was No. 3 on the Business Journal’s list of top residential agents in L.A. with $1.2 billion in sales volume last year, said the metaverse would be “a major focal point” going forward. “It’s a whole new destination for us and a whole new outlet of area, home and landscape. It’s the beginning of a new moment,” he said. Discussing the metaverse’s prospects and future viability, Ozar said that it was not an if “but a 100% guaranteed when.” Pourbaix added that the metaverse gives lower-income earners the ability to “own a version of a home.” Ozar said that while there may be some concerns, the metaverse is here to stay. “I recognize that there is a lot of fear and uncertainty and doubt within this landscape; you can kind of mirror it to Bitcoin,” he said. “It has a huge following, then catches on and there this massive exponential growth and then it has to have a generalized period of fallback…and then find its leveling and then starts to take off,” he said. “This metaverse might be changed like digital real estate is slowly going to be adapted. It’s not an if, it’s a when. I am really excited to see what it can blossom into and I know it’s going to be adopted whether people like it or not.” Maize said she is interested in linking other listings to homes in the metaverse, depending on the price point. “We’re definitely considering it, but it’s a cost,” she said. Developing a home in desirable areas in the metaverse, she said, could cost around $100,000. LEDY’s Emtiaz said the company had signed deals with another agent as well to work on projects and is in talks with others. He sees the metaverse as the future. “We’re in the early stages of how websites came about in the 1990s; if you talked about websites it was, ‘why would you need it,’ but now it’s the normal way of doing business and getting your brand up. That’s the way we see the metaverse,” he said. “I’ve always been one to think outside the box in real estate, to learn different markets and diversify,” Maize said. “At first I was kind of scared of it, like, why do I need to read about this and it’s just so out there, but the more that I read about it the more I became intrigued.” After learning more, Maize said “a lightbulb went off” and she decided to try the strategy of linking the property to one in the metaverse. She began working with Santa Monica-based LEDY, which created the metaverse version of the home, to make that happen. “I saw it as a huge marketing play, but I also saw the potential with it,” Maize said, referring to interest in the metaverse homes beyond just being a new marketing strategy. Mark Emtiaz, Mark D’Andrea and Alex Yates founded LEDY last year. The company creates digital assets, a process that they kicked off with a virtual-world resort. “There’s a lot of excitement about the metaverse,” D’Andrea said. “It’s a new space and it’s growing extremely rapidly. We’re seeing a lot of interest in these types of projects.” And experts see future collaborations on the horizon. “We hope that there would be further opportunities for us to work together and do the same thing,” Emtiaz said. “We are going to start seeing more and more real estate agents, sellers and buyers who see the value of combining the metaverse presence with the real-world presence” Kerry Ann Sullivan, a partner at Pardee Properties, said she hadn’t done any work with metaverse yet and thinks “it will be interesting to watch what happens in Beverly Hills” with the metaverse house there. Still, she thinks nothing will replace physical real estate, “With real estate, people are looking at something physical to house themselves in,” Sullivan said. “While this is cool…at the end of the day in residential real estate, you need something to cover your head. That is where the focus will be, but it’s definitely attention-grabbing and great for marketing and can be catchy and fun to play around with. And while experts disagree about whether clients will want metaverse homes that mimic their real-world properties, most agree that the metaverse will grow in popularity as more people decide to invest in the new asset type. The Metaverse Real estate sales across the four biggest metaverse platforms — Sandbox, Decentraland, Cryptovoxels and Somnium Space— hit $501 million globally last year, according to data from MetaMetric Solutions. This January, metaverse sales surpassed $85 million, leading MetaMetric Solutions to predict that investment in the sector could near $1 billion this year. Piper Moretti, chief executive of Manhattan Beach-based The Crypto Realty Group, is a real estate agent by trade and has seen a lot of interest in buying homes using cryptocurrency. She said there is now interest in buying in the metaverse as well, and that people can even “make money flipping virtual land. There’s money to be made there.” At the beginning of last year, the average parcel of metaverse land was priced at around $100, and by the end of the year it was $1,500, Moretti said. “I see land getting more lucrative, more expensive, as it is here in the real world,” Moretti said. “We have crypto day traders now, you could be a full-time flipper in the metaverse, and I see that happening a lot more.” Rob Dixon, who first found Decentraland while writing a science fiction story about five years ago, now owns eight parcels in the world and runs two districts: an amusement park and a market. The amusement park has attractions, including one where people can ride a dragon. For the market, meanwhile, he is working on bringing in partners and even leasing out the space. For his private parcels, Dixon, an artist, is creating a gallery. “I am convinced of the potential. It’s definitely there,” he said of the metaverse and his decision to own land in it. “It’s going to be real stuff going forward, but we are definitely in the early days and I’m excited to see where we go.” https://labusinessjournal.com/featured/metahouse-could-be-first-of-many/

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