Nic Cage's foreclosed 'frat-house bordello' finally sold

Nicolas Cage's latest foreclosed house is apparently no national treasure. His Bel-Air castle of kitsch -- worth dozens of millions in better times -- finally sold for $10.5 million. It's the same six-bedroom, nine-bathroom mansion that attracted zero foreclosure bids on the courthouse steps in September after being priced as high as $35 million.

Escrow officially closed this week, the Los Angeles Times reported, with the IRS ceding the title to an anonymous, all-cash buyer who supposedly is going to obliterate the decor, once described by a real estate agent as frat-house bordello. The framed comic-book covers have already been stripped from the walls.