NEW YORK -The investor whose $190 million auction bid won him the world-famous Flatiron Building failed to complete the transaction, and the Manhattan skyscraper may go back on the block if a runner-up also forgoes purchasing rights, a broker said Thursday. In a highly contested auction March 22, little-known bidder Jacob Garlick, founder of the Abraham Trust equity venture fund, obtained rights to the landmark with his pricey bid — only to miss a deadline to pony up 10 percent of the money to lock in purchase.

https://business.inquirer.net/393942/man-buys-nys-iconic-flatiron-building-at-auction-then-backs-out

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