Alghanim’s 42,000 SQFT Crown Bel Air Portfolio Draws $54.4MM Auction Bid, Tops LA County Luxury Contracts

A nine-parcel Bel Air and Hollywood Hills assemblage that Kuwaiti billionaire Bassam Alghanim spent more than four decades building has landed under contract following a no-reserve auction, delivering Los Angeles County's priciest residential deal of the week even as the winning bid came in near half the collection's original $105 million ask.