Widow of Toni & Guy founder puts $12 million house on market

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by SEBASTIAN ROBERTSON

WFAA

Posted on September 20, 2013 at 9:27 AM

DALLAS –– In a gated community just off the Dallas North Tollway, you’ll find a home dubbed the M Mansion.

Artwork blends with architecture to create the mansion of the late Guy Mascolo, the hair dresser who founded Toni and Guy in the 1960s. Now, his recent widow wants their home off her hands.

The house was listed on the market for $12 million. After a year and no buyer, the owners decided to put it on the auction block. 

Nick Leonard and Concierge Auctions hopes to find a buyer Sept. 26 during a live auction.

Leonard expects fewer than 10 eligible millionaires from around the world will participate in the live auction, either over the phone or in person.

“We do a lot of work in second or third home markets in which kids we have people fly in from all over the country or world," he said. "It is not uncommon at all." 

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