Five Oaks going up for sale.

[stang67]

I think there's been a math snafu.

[JaMak84]

"If a buyer offers a combined price and the properties are tied together then the auctioneer will call a 20 minute recess for buyers to contact partners, banks, attorneys, financial institutions, wives and mother in laws.  When the recess convenes the bidding will open again and the selling will continue.  At this point when the auctioneer says “Sold!” the bidding will be final."

I don't know why, but this statement in the rules of auction cracked me up.

[Rice]

If you won the lotto for a few hundred million would you pay this? At this price how do you turn a profit? For $70mill id hunt bayou de view with a view of this and a link to the $70mill still sitting in my bank account on my phone. For $70mill you could be guided every day of duck season the rest of your life and not have to deal with a lot of hassle. But the world is a rich ass place I forget this a lot but going back to that area around Stuttgart reminds me people don't know it's that rich.

[hillhunter]

[Duck$$$]

The upkeep and taxes would be ridiculous but I guess if you can stand 70 mil for hunting land the rest is pocket change. If you paid 20% down and financed the rest @ 3.5% your first year interest would be almost $2mil alone !!

[JDgator]

[peewee]

[Deltaquack]

Guys, people that can afford to pay that kind of money..........do b/c they need to. It's not that they think they can't hunt like that anywhere else. They also don't need a Net-Jets account. They will fly in their own jet and will continue going on trips like Ramsey books and will still purchase the land. It's a tax writeoff in some shape or form. It's a way to invest tons of money....conservatively for an older person, the yearly taxes are a writeoff for one of their corporations, etc. People with that kind of money do things for completely different reasons than most can even think of.

[REBEL DUCK]

Anyone have update with sales price?

[ShotgunSP]

I saw $84mm on another site.

[mlj300]

I am sitting in a room in Florida right now with 5 oaks chief biologist. He told me at lunch that Dunklin bought it back yesterday. He didn't tell me the exact price of sale but he did say that 5 bidders showed up and that JR. Had to pay over $70 million to buy back the family farm.


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[deltadukman]

Ive heard tale he bought it back for $84 mil.

[duckkiller]

nm

[duramax]

[Johnboy114]

more money than sense. must be sentimental value on it for that kind of dough.