It's going to be an ugly 2009, and sellers of the world's priciest properties are getting the message. Last month, investor Marty Zweig pulled the plug on his $70 million Pierre Hotel penthouse listing after four years on the market. Financier Leonard Ross, who had asked $165 million for the Hearst Mansion in Beverly Hills, Calif., de-listed it in September. Late last year, Prince Bandar of Saudi Arabia removed his $135 million Aspen ski lodge from the ranks of available listings.

Full story: forbes.com