The crypto investor’s home price greater than 30 million euros – now it’s value seven

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Axmed

International Courant

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“It has been acknowledged that the overall price of the mission has change into too excessive, and it has been proven that Samuelsen had a price range for the renovation of MNOK 20 that was not achieved, and that measures corresponding to demolition of bogs and floating filler have been discouraged. As well as, it has been proven that the property was bought for NOK 9.9 million and is now valued at NOK 7 million,” in accordance with a ruling by the Agder courtroom.

Samuelsen demanded tens of millions in damages from the inside designer, however was unsuccessful.

Kryptoinvestor purchased a seven-ton secure on impulse: – Really only a foolish childhood dream

Did not anticipate a rise in worth

Sebastian Samuel Samuelsen (30) purchased the home in his hometown of Tvedestrand in 2021. It was the identical yr that his crypto fortune went via the roof. In line with the comparability, his fortune was NOK 405 million and his revenue that yr was NOK 67 million.

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Instantly after buying the home, he began an in depth renovation of the home and, amongst different issues, put in a seven-ton secure in the home.

When DN met crypto investor Sebastian Samuel Samuelsen exterior his dwelling in Tvedestrand final December, he had not too long ago bought a brand new automotive, a Lamborghini Urus for NOK 3.5 million. (Photograph: Sondre Transeth)

However then an argument arose between Samuelsen and inside designer Loop R. Andersen. In a judgment by the Agder courtroom, Samuelsen was ordered to pay greater than NOK 3.4 million to the inside designer. As well as, there are his personal authorized prices.

“Within the courtroom’s opinion, the truth that one in two appraisers estimates that the present worth of the house is decrease than the acquisition value can’t end in a loss so long as the house just isn’t delivered. Additionally it is famous that Samuelsen and the housemate each defined that they’d no expectation that the home would enhance in worth because of the renovation, however that they renovated the home to make it ‘their property’,” in accordance with the courtroom ruling.

This home in Tvedestrand is claimed to have price crypto investor Sebastian Samuel Samuelsen greater than NOK 30 million, however is now valued at seven million. (Photograph: Sondre Transeth)

Jørgen Birkeland, lawyer for the inside designer, informed Fædrelandsvennen that “my purchasers are relieved and proud of the outcome, not least as a result of the courtroom believed what they stated.”

Samuelsen’s lawyer, Anders Folkman, tells the identical newspaper that the case shall be appealed.

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The crypto investor’s home price greater than 30 million euros – now it’s value seven

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