Wanna buy Nicolas Cage's money pit?

Apparently not. At an auction held Wednesday in Los Angeles, no one was willing to throw down the minimum bid of $10.4 million.

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Nicolas Cage's Bel Air crib up for bid

Debt-ridden movie star Nicolas Cage lost his Bel Air mansion to foreclosure on Wednesday. The courthouse auction was a flop, as no one was willing to make the minimum $10.4 million bid. Stephen Shapiro, realtor and owner of Westside Estate Agency, said this clears out speculators and most lenders with stakes in the property, leaving Citibank as the sole owner.

aaron Smith, staff writer

NEXT: Fire place

Last updated April 08 2010: 2:59 PM ET

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