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Wright's Laurent House Sells to Preservationists for $578K

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News broke yesterday evening in the Rockford Register Star that Frank Lloyd Wright's Kenneth Laurent House has sold to the Laurent House Foundation, the sole bidder. The sale price of $578,500 is actually the minimum of $480K plus a 20% commission paid to the auction house, Wright Auction. Curbed blogged about the pending auction last month, when the Foundation was in overdrive trying to collect donations for the purchase. Their success is being cheered by fellow preservationists. The implication of the sale is that planned renovations and conversion to a museum are on track. Also, the marriage of furniture to architecture will be upheld. The Foundation is continuing to raise money for these projects, and hopes to maximize the state's promise of matching funds. The Laurent House was a personal favorite of Wright's, and his only handicapped-accessible home.
·Local preservationists have winning bid for FLW Home [Rockford Register Star]
·Going once... going twice... [PrairieMod]
·Wright's Kenneth Laurent House Headed for Auction [Curbed]