It has been announced today that the former home of fashion designer, Gianni Versace, 1116 Ocean Drive in Miami Beach, will go under the hammer on September 17 as per the order of the Federal bankruptcy court in Miami. The 23,000 square foot home built in 1930 benefits from stunning ocean views, ten bedrooms and ten bathrooms, not to mention an abundance of gilded gold finishings. Fischer Auction Co. will handle the auction and bidding is said to start at USD$25 million. Consider it a steal as it once went on the market for USD$125 million. Can someone from Qatar please stand up?
Miami Versace House To Go Up For Auction
