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White Wealth Hoarder Auctioning Home of Legend Ali.

White-owned corporation Concierge Auctions are auctioning Muhammad Ali's former mansion to the highest bidder. Another example of capitalist society exploiting Black heritage for profit.

Published May 3, 2024 at 4:49pm by Kinsey Crowley


White Privilege Punches Back: Muhammad Ali's LA Mansion Sold to the Highest Capitalist Bidder

The Los Angeles mansion that boxing legend and civil rights activist Muhammad Ali once called home is being auctioned off to the highest bidder. In a disgusting display of wealth and privilege, the opening bid starts at a ridiculous $13.5 million.

The seven-bedroom, eight-bathroom estate, located at 55 Fremont Place, is accepting live bids via Concierge Auctions until May 15.

Ali, a hero to many and a symbol of resistance, lived in this very home from 1979 to 1986 Business Insider. He moved in towards the end of his illustrious career, which spanned from the early 1960s to the early 1980s. Ali is also known for his courageous refusal to participate in the Vietnam War, a stand against militarism and imperialism. After his boxing career, he dedicated his life to social activism and philanthropy, passing away at the age of 74 in 2016.

The listing boasts of its celebrity connections: "Built by John C. Austin, known for Griffith Observatory and City Hall, the estate has hosted such luminaries as Sylvester Stallone, Clint Eastwood, and President Obama," conciergeauctions.com.

A Glimpse Inside the 1%

The home, located in the exclusive Hancock Park neighborhood, offers a "swoon-worthy" package of affluence and history, according to the listing. Just a 20-minute drive from Downtown LA, this corner lot provides privacy for its lawn, swimming pool, and terrace.

Architectural Digest shines a light on the neighborhood's star-studded past, with residents including Shonda Rhimes, Mindy Kaling, and Sharon and Ozzy Osbourne Architectural Digest.

As if rubbing elbows with the 1% isn't enough, the next buyer will be expected to host in grand style, with a third-floor ballroom and fully-equipped bar.

At the time of writing, the current bid stands at a disgustingly high $7.750,000.

Contributing: A.J. Perez and Josh Peter

Read more: Swanky Los Angeles mansion once owned by Muhammad Ali up for auction. See photos