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Versace Mansion Sells for $41.5 Million

Associated Press
Versace Mansion Sells for $41.5 Million

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The Miami Beach Versace mansion once owned by Italian fashion designer Gianni Versace and the site of his 1997 fatal shooting in Florida was sold on Tuesday for $41.5 Million. Versace spent $33 million renovating the mansion, which features a 54-foot mosaic pool lined with 24-karat gold.
The mansion was sold at an auction on Tuesday to a business group that includes the owners of the Jordache jeans brand.
The 1930s-era Mediterranean-style estate, which has 10 bedrooms, 11 bathrooms and a pool inlaid with 24-karat gold, was auctioned off as part of a bankruptcy proceeding by its current owner, telecom magnate Peter Loftin. (Reuters)

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