Madonna slashes asking price for California home

SHOWBIZ

Pop superstar MADONNA has lowered the asking price for her Beverly Hills mansion from 17.5 million to 14 million after it failed to sell.

The Material Girl quietly put the French Country-style California home on the market as a pocket listing last March (12), but the nine-bedroom pad remained unsold by the end of the year (12).

Madonna has now formally placed the pad up for sale at the reduced price in a bid to attract potential buyers, according to the RealEstalker blog.

The property also boasts a gym, an art studio, two guest houses and a full-sized screening room.