Dick Fuld sells his Sun Valley ranch for a record price

Dick Fuld is leaving Sun Valley — and he’s more than $20 million wealthier as he heads out of town.

The former CEO of Lehman Brothers, who led the Wall street bank as it cratered into the largest bankruptcy ever, sold his 71.3-acre ranch on Thursday night at an auction that set a record for home values in the famously tony Idaho ski resort town.

While the final sale price was not released, it “represents the highest sale price of any property in Sun Valley, Chad Roffers, chairman of Concierge Auctions, which oversaw the sale, told The Post.

Fuld, 69, has been trying to sell his home on Big Wood River Drive in Ketchum for more than a year, mostly through private appointments, The Post first reported in June.

The disgraced banker had been looking for as much as $59.5 million, according to an earlier listing from Concierge Auctions.

This time, there were scant details about the auction, except that the opening bid was $20 million and the winner was from the Pacific Northwest.

The 29-minute auction featuring six bidders was “very competitive,” Roffers said.
It was held in the family room of the main property, where there’s a pool table, and a fireplace.

Fuld was not there for the auction, Roffers said.

The sale, which will take another 60 days to close, is the highest price fetched for a residential property at auction ever — beating the previously held record of $19.25 million.