Cher's Hawaii home sold at auction for $8.7M

In this undated photo released by Sotheby's and Julien's, Cher poses for a photograph. Cher is auctioning off hundreds of items from her Malibu home beginning Oct. 3, Cher announced Monday, July 31, 2006. A "nice percentage" of the proceeds will benefit the Cher Charitable Foundation, Cher said. (AP Photo/Sotheby's/Julien's, Michael Levine)

January 21, 2010 12:42:35 PM PST
A luxury real estate auction company reports that Cher's Hawaii home overlooking the Pacific Ocean has been sold to an Arizona buyer for $8.7 million.