Versace Mansion Goes To Bankruptcy Auction

The Versace Mansion started at $125 million, a year and a few price cuts later, it's headed to a bankruptcy auction. Nicknamed Casa Casuarina.

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.

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Versace Mansion Goes Up For Auction. that tried to run it as a private club, called Casa Casuarina, but subsequently it went bankrupt.

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Gianni Versace's former mansion remains a photo op for tourists.. With the property now in bankruptcy proceedings, a judge signed off on the auction, Preference initially goes to VM South Beach, which is affiliated with the.

The opulent Miami Beach villa where the fashion designer Gianni Versace was murdered in 1997 is to go under the hammer in an auction ordered by the US bankruptcy court. It is estimated to sell for around $50 million. The mansion had been previously listed for $125 million but failed to find a buyer.

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One of America’s most iconic homes, the miami beach mansion that once belonged to italian fashion designer gianni Versace, goes on the auction block on Tuesday, with bidding set to open at $25.

Versace Mansion Sale Falls Short of Expectations Versace Mansion Goes to Bankruptcy Auction. 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.

The mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida is to go under the hammer at a bankruptcy auction – with minimum bids for the Ocean Drive pad set for $25m (16m)