Coin flip ends with man paying $25,000 more for luxury home
Jack Kraft prevailed in a coin flip that decided the price difference for his Barrington-area luxury house on the Fox River.
Kraft won the flip Sunday night against his friend David Wescott, who paid $25,000 more than he had wanted after losing the coin toss. The deal for “Waterfall House on the Fox River” closed Monday.
About 200 people attended the coin toss at No Wake Bar and Grill in Port Barrington. The event also raised $10,250 for charitable efforts run by sheriff's offices in Lake and McHenry counties.
Kraft is a retired vice chairman and chief operating officer of Leo Burnett Co. Inc. who plans to spend more time in Florida with his wife. Wescott is a longtime CME Group Inc. board member, managing partner of the Dowd/Wescott Group. The final sales price is not yet known.