Nicolas Cage Bel Air Home on Auction Block

Nicolas Cage will soon say good-bye to another home. Come 10:30 a.m. April 7th, he is set to lose his gorgeous Bel Air mansion in an auction to be held at the Pomona courthouse. This is only one in a string of homes the actor has lost thanks to his inability to manage his personal finances.

Cage bought the house in 1998 for $6.469 million, but borrowed against it so many times that he owes more than $17 million on the property, according to Curbed LA. Opening bid is set for just over $11 million, reports Active Rain, which is more than the original sealed bid minimum of $9.95 million his real estate agent at Westside Estate Agency was seeking back in the fall.

One thing's for sure: Whoever buys it will need a lot of primer before they throw on some paint. (You'll see what we mean.)