CHER REFUSES TO ACKNOWLEDGE ECONOMIC DOWNTURN
Cher is using reverse psychology to sell her “Italian renaissance” mansion in Malibu. Back in 2001, she put it up for sale for 25 million and that was when the real estate market was very strong. She couldn’t sell it, so she removed all her dark and gothic decor and auctioned off the furniture. She redid the place in beachy, neutral colors and insisted she intended to keep it. The house, built to her specifications in 1992, has six bedrooms in 14,000 sq ft, with beach views. Now it’s back on the market and it’s been marked UP to 45 million! While everyone is lowering prices, Cher almost doubled her price!