Versace Mansion Goes To Bankruptcy Auction

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The former Versace. out of bankruptcy proceedings and renamed it Trump National Doral. The sprawling Doral resort is in the midst of a $250 million renovation. Tuesday’s auction drew a sizable.

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.When the property headed to bankruptcy auction, the stalking horse bid started at $25 million.. The final sale price? .5 million.

A look inside the world-famous ‘trophy property‘ formerly know as the Versace Mansion on Ocean Drive in South Beach. The house is currently in bankruptcy and going up for auction on Sept. 17.

According to a press release issued by Fisher Auction Company, majority owner and telecom entrepreneur Peter Loftin has filed bankruptcy. The Miami Beach mansion, last listed for $75 million after two steep price cuts, will be sold at an auction in conjunction with Coldwell Banker’s The Jills at 10 a.m. Sept. 17.

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

Inside the Versace mansion Though the Versace family hasn’t owned the oceanfront mansion since 2000, auctioneers hope the Italian designer’s legacy will attract bidders to the Miami Beach property when it goes. A bankruptcy.

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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. was auctioned off as.

The residence sits on 12 acres, and includes a 7,500-square-foot main house, a horse stall. troubled hilltop property will.

the auction will see several of Taylor’s possessions – including fine art, a Versace leather jacket and Cartier bracelets – go up for auction. One stand-out item, which will surely gain a lot of.

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.

The new owners of the South Beach mansion where Gianni Versace lived and died said Tuesday. president and CEO of Fisher Auction Company, which was appointed by a bankruptcy court. bidding started.