The owner of circus entrepreneur James Bailey's 1880s mansion in New York has cut the price to $6.5 million after listing the home in November for $10m - a drop of 35% in less than half a year.

The rare free-standing house in Harlem, whimsical and turreted, measures 12,000 square feet and has original stained-glass windows and mahogany paneling . Bailey was one half of the Barnum & Bailey Circus, which Ringling Bros. bought in 1907. Marguerite Blake, a former funeral-home director, has owned the home since 1951.

Wall Street Journal