Can’t Afford Your Mortgage? Call It Art

(Kaufmann Desert House, by Richard Neutra)

Ok, it’s not just any house. It’s Richard Neutra’s Kaufmann Desert House, auctioned off for $15 million last week, and originally estimated by Christie’s to sell for $25 million. NPR reported last week that with the housing market going down in flames, “certain properties are being…auctioned as art.” However, “it helps when they have a name like Richard Neutra or Louis Kahn attached to them.” Check it at All Things Considered.