Newspaper mogul to put historic estate up for auction

Erstwhile media baron Conrad Black will be putting up his family’s mansion in the prestigious Bridle Path community for auction next month.
 
Black, who once ran a newspaper empire that encompassed major publications throughout Canada, will sell the historic 26 Park Lane Circle starting March 8.
 
The $21.8-million estate—which boasts of nine bedrooms and 11 bathrooms as well as a guest apartment, an indoor pool, and a spa—was built in six stages and has seen major renovations over time.
 
“It is a big house for two people. We will be abroad a good deal, and moving to a more manageable home will be a convenience to us now as our careers have evolved. Auction is the best way to achieve this end, as it sets the timeline on what will be, in physical terms, a large relocation,” Black said in a statement, as quoted by The Globe and Mail.
 
Black’s estate has previously welcomed luminaries such as Elton John, Richard Nixon, and the Duke of Edinburgh. Spokespersons said that the family seldom entertains guests at the Toronto mansion anymore as they spend most of the time in Europe.
 
The sale is being conducted as a joint venture by Re/Max Realtron Realty, Inc. and Concierge Auctions of New York. Agents said that a minimum price has been set, although the figure will not be available to the general public.

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