Val Kilmer sells most of NM ranch for $18.5M

In this Sept. 12, 2011 file photo, actor Val Kilmer participates in a news conference for the film "Twixt" during the Toronto International Film Festival, in Toronto. Kilmer has sold the bulk of his 5,300-acre ranch in northwest New Mexico to a Texas oil and gas executive and his wife for $18.5 million. (AP Photo/Evan Agostini, File)

October 14, 2011 8:46:10 AM PDT
Actor Val Kilmer has sold the bulk of his 5,300-acre ranch in northwest New Mexico to a Texas oil and gas executive and his wife for $18.5 million.

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