Mansion where Versace died sold for $52m
THE luxurious villa formerly owned by Italian fashion designer Gianni Versace and the place of his murder in 1997 was sold at auction on Tuesday for US$41.5 million (S$52.3 million).
The Miami Beach property went to VM South Beach, a group led by investor Joe Nakash, one of only three bidders.
Rival bids were made by Mr Eric Trump, the son of real-estate tycoon Donald Trump, and Mr Glenn Straub, owner of the Palm Beach Polo and Country Club.
"The auction of this iconic South Florida villa closed at US$41.5 million, which was the last price offered by VM South Beach," said Mr Lamar Fisher, president of Fisher Auction. "We think it's a very good deal and we are happy with it."
Versace, then 50, was shot to death outside the palm-fringed Mediterranean-style mansion on July 15, 1997, by Andrew Cunanan, a gay prostitute who had been on a three-month killing spree.
The auction lasted less than 20 minutes in the mansion's swimming-pool area at 1116 Ocean Drive.