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Kaufmann House Doesn't Sell

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The famed Richard Neutra-designed modernist home in Palm Springs sold for $16.84 million at auction at Christie's, but the deal has fallen through. Per Dwell, "It is not known what terms the buyer might have violated. The bidder had agreed to pay an additional $2.4 million for an adjacent plot of land, and they were required to make a deposit of more than $500,000 by May 19th." Now what? Per a Christie's rep, "it had not yet been decided if the house will now go to the runner-up bidder, or whether it will be auctioned a second time." [Dwell]