Rick Diamond, Getty Images
Those in attendance for the unsuccessful auction included real estate agents, developers and many who were just fans of the legendary singer.
The home, which is located just south of Nashville in Franklin, Tenn., originally went on the market last year with a $15.5 million price tag. The price then fell to $10 million, but that price cut didn't do the job, so the singer tried his luck at the auction block. However, the total bidding for the property, which was split into five parcels, was less than $2.5 million.
George declined to accept any of the offers on Saturday, but auctioneers told the TV station that they are still working with interested parties from 18 different states.
Watch WTVF's Coverage