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

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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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