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JUL 25, 2013 - Business Insider

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New Photos Of The Opulent Versace Mansion In Miami

The infamous Versace Mansion in Miami has had a rough time on the real estate market. It was originally listed back in June 2012 for $125 million, making it one of the most expensive homes in America at the time. A few months later, it was price-chopped down to $100 million, then $75 million, and now the estate is headed for bankruptcy auction this September. Jill Eber of real estate agency The Jills confirmed to The Real Deal that bidders will need to deposit $3 million into escrow and show proof of funds of $40 million to participate. The auction will take place at the storied mansion, ... Read More

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