Cool House, but Good Investment?

Something to think about as you shop for that multi-million modernist abode. Slate's Daniel Gross explores whether the modernist houses being sold, or auctioned, as pieces of art are good investments or money pits for preservation organizations and individuals alike. He also notes at the end of his pieces that the recent sale of Richard Neutra's Kaufmann House in an auction has fallen through.

Selling MCM Homes as Art

With the iconic Kaufmann House by Richard Neutra selling for $15 million at a recent Christie’s auction, the Wall Street Journal reports on the emerging trend of selling real estate as art. The other mid-century modern property up on the auction block recently—Louis Kahn’s Esherick House in Philadelphia— did not get any bidders at its auction this past weekend.