Versace’s former Miami mansion sells for $41.5 million at auction

Beaches Negril Sale

The view of the South Beach skyline and pool area of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami BeachBy Kevin Gray 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 $41.5 million to a business group that includes the owners of the Jordache jeans brand. The 1930s-era Mediterranean-style estate, which has 10 bedrooms, 11 bathrooms and a pool inlaid with 24-karat gold, was auctioned off as part of a bankruptcy proceeding by its current owner, telecom magnate Peter Loftin. Bidding opened at $25. …

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