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Nic Cage Loses Another Home

4/7/2010 3:52 PM PDT BY TMZ STAFF

Nic Cage's financial woes are getting even worse ... His Bel Air mansion is on the auction block this AM, TMZ has confirmed.

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The minimum bid, according to Active Rain, is $11,004,189. Cage owes more than $17 mil on the property, which he bought for around $6.5 million in 1998.

The house is a landmark. Prior owners include Tom Jones and Dean Martin.

Cage says his former business manager sent him into financial ruin. He's suing the manager.

The bids are sealed. We're told someone previously offered just under $10 mil for the property but the bid was rejected.

No word yet if anyone hit the magic number or went even higher.

66 COMMENTS

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1.

ginsuknives    

First

1577 days ago
2.

MightyMad    

'Wouldn't put 5 millions on this house... even if I had that.

1577 days ago
3.

ginsuknives    

Second

1577 days ago
4.

tiv    

I feel bad for Nick sometimes these managers or people who take care of their money are crooks heard this so many times its time to do your own bookeeping sad cant trust anyone these days all money hungry !!

1577 days ago
5.

olddude    

Let's see. He bought the house for $6.5 million, and now he owes over $17 million. Which means that in 10 years, banks or someone else, lent him money based on the value of the house almost tripling. What a world.

1577 days ago
6.

tiv    

Mighty mad guess you dont live in Calif cause this house is way worth it :) big house in big neighborhood it massive propety in best area

1577 days ago
7.

mellow    

Well for fks sake that is not a HOME it is a mansion and if he is broke why does he have all these? Let them go for what you owe and walk away.
Get your burned by your manager arse into a moderate house with great security and live life. You have what an adult child and a toddler wtf are all those rooms for?
Go talk to Val and get a nice ranch someplace and man up.

1577 days ago
8.

Simone    

Hahahahahahahhaahahahahahhahahhahahahhahahahahaha.

1577 days ago
9.

Susan    

Tracy Morgan: "I Wear Van Gogh's Shoes" (New York) "30 Rock" comedian Tracy Morgan has never made any best-dressed lists. But the star claims he is the only person in the country to be wearing Vincent Van Gogh's shoes. The popular comedian saw a painting of shoes done by Van Gogh recently in the Metropolitan Museum of Art, and commissioned a local bootmaker to reproduce them -- brushstrokes and all. "I used to wear Nikes," says Morgan, 39. "But now I wear these."

1577 days ago
10.

tiv    

number 10 when you make that much money property is good to buy for investments thats why he has so many And now his manger screwed him thats why !

1577 days ago
11.

I BE DARNELL    

"ALL I GOT IS THIS SUNNY AFTERNOON"......LALALA............SEE ALL THE STARS WHEN YOU WALK DOWN HOLLYWOOD BLVD.>>>>>

1577 days ago
12.

Susan    

Chris Rock: "I Am Queen Elizabeth's Fourth Cousin" (New York) Geneology show "Just Who Do You Think You Are" focuses on comedian Chris Rock in an upcoming episode -- and the results really "rocked" Chris's world! #&%%( hoping to visit his newfound relative in July but has not received a

1577 days ago
13.

jfp    

hint: don't buy more homes than you really need.

1577 days ago
14.

RealJerseyShore    

What kind of F'in idiot owes 11 million more on house than they actually paid for it. He deserves to lose the house.

1577 days ago
15.

Cindy    

I think it's all disgusting. He doesnt even know what books are on those shelves. The places are just massive hotel rooms to these people. What a waste of money. Even the decor is hideous 1970's or earlier... trashy money, but none of it is beautiful. What's it for? To hold parties? I think his money woes are Karma. He, and other's like him, are spending without conscience and then it all bites them in the ass.

1577 days ago
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