Listen up, ladies: there's been a lot of whining lately about how much and how hard life is sucking right now, which we've played a part in indulging. Moving forward I want everyone to ZIP THE LIP because there's someone out there who's got it so much worse. Refer your asses to this.
Too Much To Bear
Posted by Bess Levin, Apr 07, 2009, 2:53pm
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Posted by guest , Apr 07, 2009 2:58PM
that is horrible
Posted by guest , Apr 07, 2009 2:59PM
Nicky's got turret's syndrome.
Posted by guest , Apr 07, 2009 3:00PM
The humanity
Posted by guest , Apr 07, 2009 3:01PM
I weep for Nic- he was brilliant in Fast Times...
Posted by guest , Apr 07, 2009 3:02PM
That's almost as bad as the time he sold out his career.
Posted by guest , Apr 07, 2009 3:06PM
"Oh the Vogonity of it all," cried Arthur ...
Posted by Lowly Assistant , Apr 07, 2009 3:06PM
Fuck. I watch Con Air every night before turning to bed.
Best of luck, Nick.
Posted by Anal_yst , Apr 07, 2009 3:07PM
$2.6MM for 410 acres and a f*cking castle and he can't keep it? Even making $10MM/movie? WTF is he funding lindsay lohan's blow addiction or something?
Posted by guest , Apr 07, 2009 3:07PM
Nick, Call me.
- Ruth Madoff
Posted by guest , Apr 07, 2009 3:12PM
@9 FTW
Posted by guest , Apr 07, 2009 3:20PM
I'm with 8 here. The guy still rakes $10M+ per shitty movie and rocks like 3 of them a year and he can't afford to hang onto a $2.6M pad w/ 410 acres? Ezra Merkin must have been his PM.
Posted by guest , Apr 07, 2009 3:24PM
You guys think like you trade. Perhaps he realizes his peak earning edays are behind him and wants to lighten the load for the long haul. Maybe the purchase price isn't huge, but its the upkeep that will kill you on places like this. Seems to me a calm, rational decision. No wonder you don't recognize those! You've never made one. Worse, you've never seen one made.
Posted by guest , Apr 07, 2009 3:25PM
wow, he's lucky he found a buyer. Wonder who he sold it to?
Posted by guest , Apr 07, 2009 3:28PM
TGFD is with Anal_Yst and with #11 too.
Something must really have taken a serious downturn in Nick's world.
Maybe it's a misprint that should have read, $26 Million?
The Guy from Delaware
Posted by guest , Apr 07, 2009 3:29PM
If only he stopped making dog crap movies like "Next" he might actually make some money. That is 2 hours of my life I am NEVER getting back. Thanks for that one Nic.
Posted by guest , Apr 07, 2009 3:30PM
Read between the lines here, it cost a lot more than $2.6 million. That castle was a white elephant. The reason it cost so little upfront is probably because it needed millions in work to upgrade to Master Cage's celebrity needs: CAC, a bidet with brass fixtures in every bathroom, etc, to say nothing of the cost of keeping the walls from caving in. Master Cage is savy, using the economy to blanket the fact that he made a stupid purchase as did his buyer.
Posted by Anal_yst , Apr 07, 2009 3:52PM
@ 12/16
Understood, however, you think he doesn't have $20MM properties in Santa Monica (or wherever), Aspen, probably a G550 and a ~100' yacht, etc, etc...
This seems like the sorta thing you'd want to hold onto the most, considering how unique/awesome it is, no?
Posted by guest , Apr 07, 2009 3:57PM
I'm with Anal_yst et al. And when the SHTF, a fortified castle in (I presume) rural/remote Bavaria is a nice put to have for the downside.
Posted by guest , Apr 07, 2009 4:03PM
http://www.youtube.com/watch?v=XPeTeoAmzXk
Posted by Novice , Apr 07, 2009 4:25PM
Anal and 18 have it: if you can afford the renovation, who wouldn't prefer an Alpine castle to yet another spread in Tahoe/Santa Monica/wherever?
Posted by guest , Apr 07, 2009 4:41PM
Nick can't act and appears to be financially retarded as well.
Posted by guest , Apr 07, 2009 4:42PM
News the Oscar winner was selling the castle surfaced last week. Cage reportedly sold it to his German advisor. Fortunately he still has another castle, Midford Castle in England, which he bought in July 2007.
http://www.huffingtonpost.com/2009/04/07/nicolas-cage-sells-castle_n_183989.html
The guy is a property hooker - I don't think he's hurting for the $2M+ upkeep. He probably just said that for the sake of saying something. What do you tell a foreign paper when you sell a property in their country? Uhh... the economy is bad so I thought I'd sell it.
I knew he was deep into property. I guess if I owned a little $2M castle I probably wouldn't hit it up too often when I had other $30M pads sprinkled around the globe. Here's one he sold last year (and made enough on to buy the Bavarian castle and pay for upkeep on it for the next 50 years).
http://www.realestatejournal.com/columnists/private/20080114-private.html
-2StopShop aka 11
Posted by shiphouse , Apr 07, 2009 4:43PM
Sell the Castle and 50 acres to a hotel group that will gloss over any due diligence because they are star struck and keep the remaining land. There is a lot you can do with 350+ acres.
Posted by shiphouse , Apr 07, 2009 4:43PM
Sell the Castle and 50 acres to a hotel group that will gloss over any due diligence because they are star struck and keep the remaining land. There is a lot you can do with 350+ acres.
Posted by EZ2517 , Apr 07, 2009 5:18PM
Bess - as much as I tried liking this story, it aroused zero sarcasm in me.
Nicolas Cage is a lame-ass actor. His recent work is terrible, a fundamental reiteration of the flop National Treasure.
I have no interest in the man or his house with a turret.
A hedge fund manager, former star trader or former M.o.T.U in general would be a better subject for this kind of piece.
But Nicolas 'Friggin' Cage? He is so 1995.
Posted by guest , Apr 07, 2009 5:20PM
@25- congrats, no one gives a fuck.
Posted by guest , Apr 07, 2009 5:23PM
"it aroused zero sarcasm in me."
First off, reading to the end of your comment was proof enough you have no idea what the word sarcasm means, if you didn't get that THIS POST WAS SARCASM, AND NO ONE GIVES A FUCK THAT NC HAD TO SELL HIS CASTLE.
Second: Kill yourself
Third: hedge fund manager, eh? is that what they're calling 'giving hand jobs to random passersby in Herald Square" these days?
Posted by guest , Apr 07, 2009 5:27PM
$2.7m bid
Posted by guest , Apr 07, 2009 6:42PM
@14 - No, it's not a misprint. Real estate in the Fatherland is grossly undervalued considering the high standard of living, and the beer. Might have something to do with the fact that someone can only borrow up to 70% to buy a house, and that is only if they already have a track record of 5-6 years of paying credit back regularly. Goodbye to subprime catastrophes and zero down jumbo loans inflating the market.
As a foreigner, they probably levied a hefty wealth tax on NC of 0.5%. Still not as much as Cali or Connecticut, especially considering the houses cost so much less to begin with.
He'd be wise to unload his American stuff instead and live in Germany where Hasselhof is worshipped like the God he is.
Posted by guest , Apr 07, 2009 8:42PM
he's obviously just saying that because it's more polite than saying "well, frankly, the place is a dive."
besides, he sold it to his "german advisor" so it's obviously not related to money.
Posted by guest , Apr 07, 2009 9:38PM
I would have thought he'd make enough from his Pachinko ads to pay for this...
http://www.youtube.com/watch?v=nYkw-5htPw0
Posted by guest , Apr 08, 2009 12:02AM
Maybe the studios figured out that he is a really shitty actor who fucked up every movie he has touched for years, and decided to pull the plug on him? I can't believe a profit seeking entity actually put out Bangkok Dangerous. Sadly, he wasn't always terrible.
Posted by guest , Apr 08, 2009 1:11AM
Nick has a lifetime exemption for "Wild At Heart".
Posted by guest , Apr 08, 2009 8:36AM
His house in Middletown RI is on the market for $15.9M
http://vifp.com/presentation/panorama.php?Branded=1&restricted=0&agent=1499&mls=854450
Posted by guest , Apr 08, 2009 10:30AM
He's also selling Grey Craig in Newport. Its been on the mkt for a few months now - check WSJ print ads.
Posted by guest , Apr 08, 2009 11:11AM
Isn't "cage fighting " named after him? How could he have fucked up that license income? I asked the quants down the hall but they didn't have an answer either.