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.
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that is horrible
Nicky’s got turret’s syndrome.
The humanity
I weep for Nic- he was brilliant in Fast Times…
That’s almost as bad as the time he sold out his career.
“Oh the Vogonity of it all,” cried Arthur …
Fuck. I watch Con Air every night before turning to bed.
Best of luck, Nick.
$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?
Nick, Call me.
- Ruth Madoff
@9 FTW
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.
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.
wow, he’s lucky he found a buyer. Wonder who he sold it to?
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
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.
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.
@ 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?
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.
http://www.youtube.com/watch?v=XPeTeoAmzXk
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?
Nick can’t act and appears to be financially retarded as well.
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
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.
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.
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.
@25- congrats, no one gives a fuck.
“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?
$2.7m bid
@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.
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.
I would have thought he’d make enough from his Pachinko ads to pay for this…
http://www.youtube.com/watch?v=nYkw-5htPw0
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.
Nick has a lifetime exemption for “Wild At Heart”.
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
He’s also selling Grey Craig in Newport. Its been on the mkt for a few months now – check WSJ print ads.
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.