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Pictures | Tue Apr 17, 2012 | 9:40pm EDT

The $87 million mansion

<p>The kitchen of a luxury home at One Pelican Hill Road North  in Newport Beach, California, April 13, 2012. 

REUTERS/Lori Shepler </p>

The kitchen of a luxury home at One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The kitchen of a luxury home at One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>A $37 million dollar luxury home that is for sale at One Pelican Hill Road North in Newport Beach, California, April 13, 2012. It has 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a lake - and occupies the largest parcel of residential real estate on southern California's exclusive Newport Coast.

REUTERS/Lori Shepler </p>

A $37 million dollar luxury home that is for sale at One Pelican Hill Road North in Newport Beach, California, April 13, 2012. It has 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a...more

A $37 million dollar luxury home that is for sale at One Pelican Hill Road North in Newport Beach, California, April 13, 2012. It has 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a lake - and occupies the largest parcel of residential real estate on southern California's exclusive Newport Coast. REUTERS/Lori Shepler

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<p>The interior of a wine cave of One Pelican Hill Road North in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler </p>

The interior of a wine cave of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The interior of a wine cave of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The main entrance of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. 

 REUTERS/Lori Shepler </p>

The main entrance of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The main entrance of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The car garage of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. This empty, never-sold, soon-to-be-auctioned mega-mansion is a gaudy symbol of the runaway extravagance that gripped the top end of the U.S. real estate market before the housing crash of 2008. Once valued at $87 million, it could be sold for a quarter of that price at an auction next week.
 
 REUTERS/Lori Shepler </p>

The car garage of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. This empty, never-sold, soon-to-be-auctioned mega-mansion is a gaudy symbol of the runaway extravagance that gripped the top end of the U.S. real estate...more

The car garage of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. This empty, never-sold, soon-to-be-auctioned mega-mansion is a gaudy symbol of the runaway extravagance that gripped the top end of the U.S. real estate market before the housing crash of 2008. Once valued at $87 million, it could be sold for a quarter of that price at an auction next week. REUTERS/Lori Shepler

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<p>One of the ground floor rooms of One Pelican Hill Road North in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler </p>

One of the ground floor rooms of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

One of the ground floor rooms of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The entrance to the wine cave of One Pelican Hill Road North in Newport Beach, California, April 13, 2012.

 REUTERS/Lori Shepler </p>

The entrance to the wine cave of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The entrance to the wine cave of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The staircase on a ground floor area of One Pelican Hill Road North in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler </p>

The staircase on a ground floor area of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The staircase on a ground floor area of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>A ground floor room of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012.

 REUTERS/Lori Shepler</p>

A ground floor room of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

A ground floor room of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The master bedroom's bathroom suite of a for sale, $37 million dollar luxury home at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. 

REUTERS/Lori Shepler </p>

The master bedroom's bathroom suite of a for sale, $37 million dollar luxury home at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The master bedroom's bathroom suite of a for sale, $37 million dollar luxury home at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>A horse barn on the property of One Pelican Hill Road North  in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler</p>

A horse barn on the property of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

A horse barn on the property of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>24-karat gold lining the cabinets in the women's closet area inside One Pelican Hill Road North in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler </p>

24-karat gold lining the cabinets in the women's closet area inside One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

24-karat gold lining the cabinets in the women's closet area inside One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>A view of the backyard of One Pelican Hill Road North in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler </p>

A view of the backyard of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

A view of the backyard of One Pelican Hill Road North in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The backyard of a for sale, $37 million dollar luxury home at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012.

 REUTERS/Lori Shepler </p>

The backyard of a for sale, $37 million dollar luxury home at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The backyard of a for sale, $37 million dollar luxury home at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>The model of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012.

REUTERS/Lori Shepler </p>

The model of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

The model of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>A ground floor room of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. 

REUTERS/Lori Shepler </p>

A ground floor room of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

A ground floor room of One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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<p>A luxury home that is for sale at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. 

REUTERS/Lori Shepler </p>

A luxury home that is for sale at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

A luxury home that is for sale at One Pelican Hill Road North is seen in Newport Beach, California, April 13, 2012. REUTERS/Lori Shepler

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