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Nic Cage

Bye-Bye Malibu

4/8/2010 6:00 AM PDT BY TMZ STAFF

Nicolas Cage had a bad day Wednesday: Not only did his Bel Air house go on the auction block, his Malibu properties were auctioned to the highest bidder. Problem is, no one was interested.


Nic owned two adjacent properties in the hills of Malibu ... hundreds of acres total. We've learned Nic lost the Malibu properties to the bank Wednesday. They went on the auction block for a minimum bid of $10 million, but there were no takers. The bank now owns both properties outright and will try to unload them through a real estate broker. 

Nic owed a total of $8,878,886.82 on the Malibu properties.

As we already reported, Nic lost his Bel Air home Wednesday as well. The minimum bid at the auction was just over $11 million, but there were no takers there either. Nic owed more than $17 mil on the Bel Air property.

Nic is suing his former business manager, whom he claims drove him down a road to financial ruin.

55 COMMENTS

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31.

Rob    

We worship weird people that play pretend and give them all that money... we are one stupid society.

1567 days ago
32.

Smith    

This is impossible. Nic Cage is too-big-to-fail! The tax payers should totally bail him out.

1567 days ago
33.

david    

Perhaps if he'd owed $8,888,888.88, he would've had better luck...

1567 days ago
34.

Amy    

He's saying that his business manager drove him to financial ruin? It couldn't have to do with buying a house for every day in the month?! Idiot.

1566 days ago
35.

Zippy T. Pinhead    

Now that's funny. Little Nicky spent money like there was no tomorrow and now it has come back to haunt him. So now he blames everyone except himself for this mess.

1566 days ago
36.

Amy    

Bahahaha- That's funny...17 dollars! I would have spotted him the money.

1566 days ago
37.

woodin    

Pure greed on Nic's part. He makes Michael Jackson buying binge look like kids play.

1566 days ago
38.

Stevereeno    

I said this before; I really never thought I'd be doing better than Nicolas Cage.

1566 days ago
39.

London not England    

RIDICULOUS !!!!!!!!

WHO NEEDS THAT MUCH SPACE...LAND....HOUSES....

WHO WAS HE? THE KING OF ENGLAND...Oooops...no, the Guy from "Valley Girl"....

MORON.....enjoy your studio apartment Nick

1566 days ago
40.

jus'sayin    

why would anybody need all that in the first place, do they think the sky is the limit? I think these well to do people have a serious problem.

1566 days ago
41.

LongJohn69    

He ought to live in a CAGE. At least that's HIS!

1566 days ago
42.

Thunder Thighs    

Wow. There actually has to be a comment where someone has to mention President Obama for the mess Nic Cage is in. Can the teabaggers not leave something for the rest of us to read without having to hear from their hate and ignorance. Cage spent money like a kid in a candy store. Unfortunately no one was minding the store.

1566 days ago
43.

Truth    

20. I'm sure he's thinking, thank god my dad is Frances Ford Coppola. Who cares!!

Posted at 2:08AM on Apr 8th 2010 by Nikeylynn


If he were thinking that, he would be really crazy since that isn't his father!! LOL! It's his uncle!!

1566 days ago
44.

Truth    

28. I guess obamas bailout isn't covering his socialist views, I'm hoping sean penn is next if we are lucky penn can shack.up with chavez...hell cage can go.too, funny going broke just in time to pay up for healthcare
....

Posted at 4:05AM on Apr 8th 2010 by republican mensa

"Republican mensa" how about Republican imbecile! Are you brain dead?

1566 days ago
45.

Robyn    

Cage is a big liberal douchebag like Penn? I didn't know that. Probably because I don't give a flip about Cage but that's good to know. I won't watch another bad movie of his ever again.

1566 days ago
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