In 2016, Michael Dell paid $10.9 million for a Boston penthouse; 10 years later the barely used...

Billionaire tech executive Michael Dell is putting his little-used Boston penthouse up for auction with a minimum reserve price of $6.5 million (£4.9 million), ten years after buying the high-rise home. The founder and CEO of Dell Technologies paid $10.9 million for the 4,100-square-foot residence in 2016 through a limited liability company, according to property records cited by Mansion Global. Located on the 59th floor of the 60-storey Millennium Tower in Boston’s Midtown area, the property is being sold through a sealed-bid auction. The decision to auction the home comes after several attempts to sell it through the normal real estate market. Dell first listed the three-bedroom property in 2024 for $10.9 million, hoping to recover his original purchase price, according to The Wall Street Journal. After failing to find a buyer, the price was reduced several times. The home was most recently listed at $7.895 million before being removed from the regular market.Sealed-bid auction beginsThe auction is being handled by Paramount Realty USA together with listing agent Michael Carucci, founding partner at Serhant Massachusetts, according to Mansion Global. Buyers must submit sealed bid...