Versace Mansion Sells at Auction for $41.5 Million

Versace Mansion Sells at Auction for $41.5 Million The Versace Mansion has sold at auction for $41.5 million. When the Versace mansion first hit the market, it was priced at $125 million. Two price cuts and a few months later, the home was listed at $75 million.

Versace mansion headed to auction block Joe Nakash, center, and Eli Gindi, second from right, with VM South Beach LLC, emerge from the South Beach mansion that once belonged to Gianni Versace after placing the winning bid of $41.5 million for the property during an auction, Tuesday, Sept. 17, 2013 in Miami Beach, Fla. Gianni Versace bought the property in 1992.

MIAMI (Reuters) – One of America’s landmark homes, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at an auction on Tuesday for $41.5 million to a.

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The famed Versace Mansion in Miami Beach, Florida sold for $41.5 million at auction on September 17, 2013. The 23,000 square foot compound was formerly owned by Italian designer Gianni Versace who was shot dead on the steps to the mansion on July 15, 1997. Versace purchased the historic home in.

Update: The Versace mansion sold at auction for $41.5 million. What was once the most expensive piece of real estate on realtor.com is now poised to sell at auction for a significantly reduced.

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By Kevin Gray MIAMI (Reuters) – One of America’s landmark homes, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at an auction on Tuesday for $41.5.

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After years of litigation the property was put up for sale again last year for US$125 million, later reduced to USS$75 million and finally sold yesterday at auction for US$41. 5 million. Versace.

REUTERS/Gaston De Cardenas After more than a year on the real estate market, Miami’s Versace Mansion finally sold for $41.5 million in a closed-door auction today. For those keeping score, that’s.

The South Beach mansion once owned by the late Italian designer Gianni Versace sold at a bankruptcy auction for $41.5 million on Sept. 17, 2013. The winning group included New York’s Nakash family, who controls clothier Jordache Enterprises Inc. The 23,000 square-foot home had operated as a 10-room boutique hotel.

The former Versace mansion fetched a top bid of $41.5 million at a high-profile auction tuesday from New York’s Nakash and Gindi families, who own the Hotel Victor next door.