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An infamous San Francisco crumbling pink mansion with beach access and stunning Golden Gate Bridge views has been listed for a ‘bargain’ price after its felon former owner was convicted of stealing Picassos, several de Koonig paintings and a Degas statue.
With a turbulent financial journey through bankruptcy court and fluctuating market appearances, the troubled property is listed for a reduced price once again of $7 million, unless a competing buyer emerges during the upcoming auction this week.
The home’s last notorious owner is a former real estate mogul and art scammer Luke Brugnara, a prominent figure in San Francisco’s commercial real estate scene in the 1990s.
In 2019, the home hit the market for $15 million, $5 million knocked off its asking price.
The house, located in the city’s Sea Cliff neighborhood, was first on the market for almost $20 million in 2016 but was unable to find a buyer.
An infamous San Francisco crumbling pink mansion with beach access and stunning Golden Gate Bridge views has been listed for $7 million
With a turbulent financial journey through bankruptcy court and fluctuating market appearances, the troubled property is listed for a reduced price once again of $7 million, unless a competing buyer emerges during the upcoming auction this week
In 2019, the home hit the market for $15 million, with $5 million knocked off its asking price
Luke ‘Lucky Luke’ Brugnara had five crates of artwork worth $11 million delivered from an art dealer to the home’s garage in 2014 but refused to pay. He was jailed for seven years
Brugnara faced setbacks, including a denial of a gambling license in Las Vegas due to financial irregularities and allegations of making death threats.
By 2010, he was imprisoned for tax evasion on capital gains from his properties.
After his release in 2014, Brugnara received the controversial art delivery and faced legal troubles leading to his other conviction.
Brugnara apparently stashed his hordes of stolen artwork worth $11 million in the home in 2014 before he was jailed for seven years for art fraud in 2015.
The house, located in the city’s Sea Cliff neighborhood, was first on the market for almost $20 million in 2016 but was unable to find a buyer
The six-bedroom, 7,000-plus-square-foot home, includes enigmatic corners, concealed wine cellars, tiled terraces, and doors seemingly leading to nowhere
Bankruptcy court documents obtained by SFGATE shed light on a mysterious 2022 fire at the residence and building code violations related to the distinctive pink staircase that leads down to the ocean and a private cove.
In 2021, the outlet revealed an insider’s view of the six-bedroom, 7,000-plus-square-foot home, uncovering its enigmatic corners, concealed wine cellars, tiled terraces, and doors seemingly leading to nowhere.
The garage, where the FBI confiscated four crates of art in 2014 (with the elusive fifth crate still missing), was also explored.
Among the seized artworks were pieces by Pablo Picasso and 16 paintings by Willem de Kooning, along with the Degas statue, valued at around $3 million.
Built in 1925, the property includes seven bedrooms, six bathrooms, formal living and dining rooms, a wine cellar, a top-floor family room, two fireplaces and pathway leading to a secluded cove where dolphins are often seen gliding in the waves
Sea Cliff is a quiet and peaceful neighborhood with an emphasis on the outdoors and the stunning views of the surrounding bay
The home’s location alone should help the sale with unobstructed views of the famous Golden Gate Bridge, the Marin Headlands, Baker Beach and the Pacific Ocean
Built in 1925, the property includes seven bedrooms, six bathrooms, formal living and dining rooms, a wine cellar, a top-floor family room, two fireplaces and pathway leading to a secluded cove where dolphins are often seen gliding in the waves.
Despite situated somewhat precariously on the cliff edge, the home is not dangerous. The previous owners purchased the house in 1990 and lived in the property until quite recently.
The home’s location alone should help the sale with unobstructed views of the famous Golden Gate Bridge , the Marin Headlands, Baker Beach and the Pacific Ocean.
Sea Cliff is a quiet and peaceful neighborhood with an emphasis on the outdoors and the stunning views of the surrounding bay.
The bidding was scheduled for January 26 at 10 am, before the Honorable Dennis Montali, United States Bankruptcy Judge.
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