The surprise of this economic downturn is the way it’s slammed the upper end, too. That was all too clear when Richard Baker, CEO of the DFW Luxury Marketing Council, spoke this week to a meeting of the group inside a for-sale “spec” mansion on Beverly Drive. Baker said his dentist told him that one of the dentist’s patients had lost $1 billion in the market recently. “Another guy lost tens of millions,” Baker went on. “He was so angry about it, he said he was going on safari to Africa and kill something!” Even the swanky digs where Baker spoke attested to the struggling economy. Originally priced at $9.75 million, the 11,451-square-foot Spanish-Colonial has been knocked down to just $7.5 mil.
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