Bidding on Eminem home surpasses $1M -
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post #1 of 3 (permalink) Old Nov 20th, 2002, 10:31 PM Thread Starter
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Bidding on Eminem home surpasses $1M

Bidding on Eminem home surpasses $1M
Web site had thousands of hits in four days

Canadian Press

Tuesday, November 19, 2002

Eminem performs at the MTV European Music Awards. He won the award for best album, best male singer and best hip hop artist. (AP /Denis Doyle, Pool)

WARREN, Mich. (AP) -- Bidding for one of Eminem's boyhood homes has surpassed $1 million US on an Internet auction site.

The modest Warren home, listed on EBay since Thursday, was appraised at $91,000. Bidding opened at $120,000, and by Tuesday afternoon, the high bid was just over $1 million. "It's just amazing the response we're getting," said Sebastian Lucido, a Utica lawyer who bought the house with Roland Fraschetti, a Macomb County commissioner and real estate developer.

Eminem's uncle, Todd Nelson, sold the house this month for $45,000 to Lucido and Fraschetti. The 120-square-metre home has three bedrooms and two bathrooms. It was built in 1940 and has been in Eminem's family for at least 50 years, Fraschetti said.

"Sure, some of the bids could just be people showboating, but you have to figure with that number of people, some have to be legitimate," Fraschetti told the Macomb Daily of Mount Clemens for a Tuesday story.

The Web site, which includes pictures, had over 18,000 hits in less than four days, Lucido told the Detroit News.

Bids on EBay will be accepted until Dec. 14 at 5 p.m. At that time, the sellers will get in touch with the highest bidder to work out a purchase agreement, Lucido said.
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post #2 of 3 (permalink) Old Nov 21st, 2002, 02:24 PM Thread Starter
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post #3 of 3 (permalink) Old Nov 21st, 2002, 04:42 PM Thread Starter
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Wow, what an investment,45,000. Now they're on the verge of a million dollars.
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