Socialite Faces Foreclosure

Albemarle House goes to auction Feb. 16

Inquiring minds are watching Albemarle House in Charlottesville, Va, where the Kluge Estate is scheduled to go to auction next month:

Winemaker and socialite Patricia Kluge, ex-wife of the late Metromedia founder John Kluge, is facing foreclosure proceedings on her Albemarle House in Charlottesville, Va. According to local paper The Daily Progress, Bank of America filed suit alleging Patricia—who got the house in her divorce—defaulted on nearly $23 million in loans on the 23,500-square-foot mansion.

A representative for Patricia Kluge wasn’t immediately available for comment.

The house had been on the market since late 2009, and Kluge chopped the asking price to $48 million from $100 million last February.

Sotheby’s International, which bills the property as “one of the most important residences created in the United States since the Golden Age,” now lists the home for a veritable steal: $24 million. The neo-Georgian house has eight bedrooms, 13 bathrooms, two half-baths and a helipad. Oh, and a wine cellar.

This isn’t Kluge’s first brush with foreclosure. She and now-husband William Moses saw Farm Credit Bank take over their Kluge Estate Winery & Vineyard for $19 million late last year.

The company, founded in 1999, provided the drink of choice at Chelsea Clinton’s summer 2010 nuptials…

Man, what a hangover.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: