Current:Home > FinanceKevin Spacey’s waterfront Baltimore condo sold at auction after foreclosure -Profound Wealth Insights
Kevin Spacey’s waterfront Baltimore condo sold at auction after foreclosure
SignalHub View
Date:2025-04-07 01:00:26
BALTIMORE (AP) — Kevin Spacey’s $5.6 million waterfront condominium in Baltimore has been sold at auction amid the disgraced actor’s financial struggles following a slew of sexual misconduct allegations.
Last summer, a London jury acquitted Spacey on sexual assault charges stemming from allegations by four men dating back 20 years. That was his second court victory since he saw off a $40 million lawsuit in 2022 in New York brought by “Star Trek: Discovery” actor Anthony Rapp.
But Spacey said in an emotional interview with British broadcast host Piers Morgan last month that he was millions of dollars in debt, largely because of unpaid legal bills, and facing foreclosure on the Baltimore property.
Spacey moved to the Baltimore area when he started shooting the hugely popular political thriller “House of Cards” there in 2012. Speaking through tears during the interview, Spacey said he would have to go back to Baltimore and put all his things in storage. He said he nearly had to file for bankruptcy a couple times but managed to dodge it.
His luxury condo on Baltimore’s Inner Harbor sold at auction Thursday morning for $3.24 million, according to the auctioneer’s website. It sits on a floating pier and boasts six bedrooms, seven full baths, an elevator, sauna, home theater, rooftop terrace, multiple verandas and a four-car garage.
A small group of potential buyers gathered on the steps of the downtown Baltimore Circuit Court building and made their bids, according to local media reports. The suggested opening bid was $1.5 million.
The winning bidder was acting as proxy for a real estate developer and local businessman whose identity hasn’t been disclosed, The Baltimore Sun reported.
During tearful testimony in a London courtroom last summer, Spacey denied the allegations against him and told the jury how they had destroyed his acting career as the #MeToo movement gained momentum in the U.S.
veryGood! (82954)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- GOP Sen. Markwayne Mullin challenges Teamsters president Sean O'Brien to fight at Senate hearing
- Former CEO at center of fake Basquiats scandal countersues museum, claiming he is being scapegoated
- Ex-officer Derek Chauvin makes another bid to overturn federal conviction in murder of George Floyd
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Japan’s economy sinks into contraction as spending, investment decline
- Thousands march for major Mexican LGBTQ+ figure Jesús Ociel Baena, slain after getting death threats
- Greta Thunberg attends a London court hearing after police charged her with a public order offense
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Taiwan’s opposition parties team up for January election
Ranking
- Bodycam footage shows high
- Liberia’s leader Weah is facing a tight runoff vote for a second term against challenger Boakai
- China and the U.S. pledge to step up climate efforts ahead of Biden-Xi summit
- New York’s high court to hear redistricting case, as Democrats angle to retake US House
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Sammy Hagar tour: Van Halen songs on playlist for Michael Anthony, Joe Satriani, Jason Bonham
- Target tops third quarter expectations, but inflation weighs on shoppers
- Two have died in a Utah mountain plane crash and a third who was injured got flown out by helicopter
Recommendation
Sam Taylor
Watch Kourtney Kardashian Grill Tristan Thompson Over His Cheating Scandals
The Excerpt: Many Americans don't have access to safe drinking water. How do we fix that?
Union workers at General Motors appear to have voted down tentative contract deal
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Japan’s economy sinks into contraction as spending, investment decline
Lebanon releases man suspected of killing Irish UN peacekeeper on bail
Why Fig.1's Micellar Cleansing Wipes Are My New Skincare Holy Grail