Richard Fuld, Last Chairman of Lehman Brothers, to Auction Off Sun Valley, Idaho, Estate

Richard “Dick” Fuld, the last chairman and CEO of Lehman Brothers, will auction off his 71.3-acre property in Sun Valley, Idaho, according to the auction company. It was last offered as an off-market listing for $59.5 million and will sell without a reserve price. Laura Brady, the president of the auction company, Concierge Auctions, said the auction will be held on August 19, and they expect the property, called Big Wood River Estate, to sell for around $30 million to $50 million. Ms. Brady said Mr. Fuld, who owns the property through a trust, is selling the property because he is not using it as often as he used to. The property includes a main house, separate guest quarters and a gate house for a combined total of 11 bedrooms. There are views of the Bald Mountain and 2,100 feet of river frontage. Write to Stefanos Chen at stefanos.chen@wsj.com This article was originally published on The Wall Street JournalMore: Alibaba’s Jack Ma Buys $23 Million Property in New York’s Adirondacks