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Business

RTX11WSW
Versace Mansion Sells for US$41.5 Million - 18 Sep 2013
Images of the Miami Beach mansion once owned by Italian fashion designer Gianni Versace and the site of his 1997 fatal shooting in Florida. Versace spent $33 million renovating the mansion, which features a 54-foot mosaic pool lined with 24-karat gold.

The mansion 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.
USA-FLORIDA/VERSACE
RTX11WPX
July 24, 2013
The Mosaic Suite, the room where Madonna stayed while visiting, at the South Beach mansion formerly owned...
Miami Beach, UNITED STATES
The Mosaic Suite, the room where Madonna stayed while visiting, at the South Beach mansion formerly owned...
The Mosaic Suite, the room where Madonna stayed while visiting, at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX13OPQ
September 17, 2013
Joe Nakash (L) and Eli Gindi, with the business group VM South Beach, react after winning an auction...
Miami Beach, UNITED STATES
Joe Nakash and Eli Gindi, with the business group VM South Beach, react after winning an auction with...
Joe Nakash (L) and Eli Gindi, with the business group VM South Beach, react after winning an auction with their bid of $41.5 million for a mansion once owned by Italian fashion designer Gianni Versace, in Miami Beach, Florida September 17, 2013. Versace was gunned down at the mansion's entrance gate in 1997 by a serial killer. The mansion is known as Casa Casuarina. REUTERS/Joe Skipper (UNITED STATES - Tags: BUSINESS REAL ESTATE)
USA-FLORIDA/VERSACE
RTX13OSU
September 17, 2013
Joe Nakash (L) and Eli Gindi, with the business group VM South Beach, react after winning an auction...
Miami Beach, UNITED STATES
Joe Nakash and Eli Gindi, with the business group VM South Beach, react after winning an auction with...
Joe Nakash (L) and Eli Gindi, with the business group VM South Beach, react after winning an auction with their bid of $41.5 million for a mansion once owned by Italian fashion designer Gianni Versace, in Miami Beach, Florida September 17, 2013. Versace was gunned down at the mansion's entrance gate in 1997 by a serial killer. The mansion is known as Casa Casuarina. REUTERS/Joe Skipper (UNITED STATES - Tags: BUSINESS REAL ESTATE)
USA-FLORIDA/VERSACE
RTX13OTX
September 17, 2013
An unidentified woman leaves a mansion once owned by Italian fashion designer Gianni Versace after it...
Miami Beach, UNITED STATES
An unidentified woman leaves a mansion once owned by Italian fashion designer Versace after it was sold...
An unidentified woman leaves a mansion once owned by Italian fashion designer Gianni Versace after it was sold at an auction to the VM South Beach business group for $41.5 million in Miami Beach, Florida September 17, 2013. Versace was gunned down at the mansion's entrance gate in 1997 by a serial killer. The mansion is known as Casa Casuarina. REUTERS/Joe Skipper (UNITED STATES - Tags: BUSINESS REAL ESTATE)
USA-FLORIDA/VERSACE
RTX11WOF
July 24, 2013
The view of the South Beach skyline and pool area of the South Beach mansion formerly owned by fashion...
Miami Beach, UNITED STATES
The view of the South Beach skyline and pool area of the South Beach mansion formerly owned by fashion...
The view of the South Beach skyline and pool area of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQ9
July 24, 2013
The mosaic on the the patio of the South Beach mansion formerly owned by fashion designer Gianni Versace...
Miami Beach, UNITED STATES
The mosaic on the the patio of the South Beach mansion formerly owned by fashion designer Gianni Versace...
The mosaic on the the patio of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQ5
July 24, 2013
The main courtyard of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
Miami Beach, UNITED STATES
The main courtyard of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
The main courtyard of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES)
USA-FLORIDA/VERSACE
RTX11WQD
July 24, 2013
The detail of the fountain that adorns the foyer of the South Beach mansion formerly owned by fashion...
Miami Beach, UNITED STATES
The detail of the fountain that adorns the foyer of the South Beach mansion formerly owned by fashion...
The detail of the fountain that adorns the foyer of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPZ
July 24, 2013
The view from one of the portals of the observatory at the South Beach mansion formerly owned by fashion...
Miami Beach, UNITED STATES
The view from one of the portals of the observatory at the South Beach mansion formerly owned by fashion...
The view from one of the portals of the observatory at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPY
July 24, 2013
The balcony of the Mosaic Suite at the South Beach mansion formerly owned by fashion designer Gianni...
Miami Beach, UNITED STATES
The balcony of the Mosaic Suite at the South Beach mansion formerly owned by fashion designer Gianni...
The balcony of the Mosaic Suite at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPW
July 24, 2013
A staircase at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
A staircase at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
A staircase at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQG
July 24, 2013
The Azure Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
Miami Beach, UNITED STATES
The Azure Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
The Azure Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQE
July 24, 2013
The tub in the bathroom of the Mosiac Suite in the South Beach mansion formerly owned by fashion designer...
Miami Beach, UNITED STATES
The tub in the bathroom of the Mosiac Suite in the South Beach mansion formerly owned by fashion designer...
The tub in the bathroom of the Mosiac Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WOK
July 24, 2013
The Aviary Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
Miami Beach, UNITED STATES
The Aviary Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
The Aviary Suite in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQ0
July 24, 2013
The Villa suite adjacent to the Empire Suite at the South Beach mansion formerly owned by fashion designer...
Miami Beach, UNITED STATES
The Villa suite adjacent to the Empire Suite at the South Beach mansion formerly owned by fashion designer...
The Villa suite adjacent to the Empire Suite at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WOJ
July 24, 2013
One of the many foyers in the South Beach mansion formerly owned by fashion designer Gianni Versace in...
Miami Beach, UNITED STATES
One of the many foyers in the South Beach mansion formerly owned by fashion designer Gianni Versace in...
One of the many foyers in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WOG
July 24, 2013
The main courtyard of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
Miami Beach, UNITED STATES
The main courtyard of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
The main courtyard of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQF
July 24, 2013
The entrance to the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
The entrance to the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
The entrance to the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WOH
July 24, 2013
The pool area at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
The pool area at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
The pool area at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WQ6
July 24, 2013
The mosaic on the the patio of the South Beach mansion formerly owned by fashion designer Gianni Versace...
Miami Beach, UNITED STATES
The mosaic on the the patio of the South Beach mansion formerly owned by fashion designer Gianni Versace...
The mosaic on the the patio of the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPQ
July 24, 2013
A hallway in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
A hallway in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
A hallway in the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WON
July 24, 2013
The Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
The Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
The Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WOL
July 24, 2013
The main entrance hall is seen in a South Beach mansion formerly owned by fashion designer Gianni Versace...
Miami Beach, UNITED STATES
The main entrance hall is seen in a South Beach mansion formerly owned by fashion designer Gianni Versace...
The main entrance hall is seen in a South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPV
July 24, 2013
Detail of the clock that adorns the Grand Lounge South Beach mansion formerly owned by fashion designer...
Miami Beach, UNITED STATES
Detail of the clock that adorns the Grand Lounge South Beach mansion formerly owned by fashion designer...
Detail of the clock that adorns the Grand Lounge South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPU
July 24, 2013
The Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
The Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
The Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPR
July 24, 2013
The bathroom of the Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace...
Miami Beach, UNITED STATES
The bathroom of the Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace...
The bathroom of the Moroccan Suite South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WOI
July 24, 2013
The Empire Suite at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
Miami Beach, UNITED STATES
The Empire Suite at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami...
The Empire Suite at the South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
USA-FLORIDA/VERSACE
RTX11WPS
July 24, 2013
The Grand Lounge South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach,...
Miami Beach, UNITED STATES
The Grand Lounge South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach...
The Grand Lounge South Beach mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida July 23, 2013. Versace spent $33 million renovating the house, which features a 54-foot mosaic pool lined with 24-karat gold, according to Fisher Auction Company. The mansion will be offered for sale at an auction on September 17, 2013. REUTERS/Gaston De Cardenas (UNITED STATES - Tags: REAL ESTATE BUSINESS ENTERTAINMENT SOCIETY)
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