Scotland’s Priciest Home Is Cheaper After Second Cut

Scotland’s most expensive house for sale, an 18th-century mansion with 85 rooms, had its price slashed for the second time this year as the global economic slump curbs the enthusiasm of millionaire buyers.

The owner of Yester House, 23 miles east of Edinburgh, cut the asking price to 8 million pounds ($12.7 million) after failing to attract offers at 12 million pounds. Italian-American opera composer Gian Carlo Menotti’s adopted son originally put it on the market for 15 million pounds in August 2008, the month before Lehman Brothers Holdings Inc. filed for bankruptcy.