The famously extravagant mansion once belonging to late fashion designer Gianni Versace hit the auction block Tuesday.
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The auction took place at the 10-bedroom, 11-bath South Beach estate in Florida.
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VM South Beach LLC hit the winning bid at $41.5 million.
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The corporation’s principals include the Nakash family of New York, who control Jordache Enterprises.
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Current owner, Peter Loftin, declared his company that owns the property bankrupt to stop creditors from commandeering the prized estate.
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The mansion has a 54-foot-long swimming pool lined with 24-karat gold tiles. Versace spent $33 million renovating it.
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Versace bought the property in 1992, then was fatally shot on its steps by a serial killer in 1997.
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His family sold the estate in 2000, and it functioned as a private club and then a boutique hotel until earlier this year.
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The home was initially listed for sale at $125 million last year.
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The auction includes the property full furnished.
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