No Takers for Watergate at Auction

By John Johnson,  Newser Staff
Posted Jul 21, 2009 6:43 PM CDT
The Watergate Complex in Washington.   (AP Photo/Jacquelyn Martin)
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(Newser) – An auction today of the storied Watergate Hotel drew more than 150 spectators, media attention from around the world, and not a single bidder willing to pony up the necessary $25 million, reports the Washington Post. The German bank that foreclosed on the property took back the 12-story hotel and will now try to shop it around to private buyers. In addition to helping bring down a president, it offers nice views of the Potomac.