Vita Gazette

News from Italy

Versace’s mansion sells for $ 70 million

Vita gazette – The ancient Baroque-style mansion in Manhattan of the famous designer Gianni Versace, who was killed in front of his Miami home in 1997, is for sale.

Gianni Versace bought the magnificent property built in the 1950s for $ 7.5 million in 1995. Subsequently, he renovated the building completely in Italian style. But two years later, in July 1997, he was murdered by a gay outside his Miami home.

A journey into the spirit of Italy

The Italian designer bought the villa, a true jewel of art, in 1995 and personally took care of every detail. Consisting of gold, stucco and marble, the palace stands as an elegant building on Manhattan’s Upper East Side. Across from New York’s famous 5th Avenue, the six-story limestone building is located on a quiet street in Manhattan between Fifth Avenue and Madison Avenue. Filled with columns, walls and mirrors, the building covers an area of ​​1,317 square meters. Other features of the villa are: frescoes, marbles and brocades; The interiors are full of Golden Age style, with seven bedrooms, seven bathrooms, five fireplaces, an elevator, a gazebo, a roof terrace, a large garden, a game room and a Moroccan style. Now, this jewellery house is being sold for $ 70 million.

Gianni Versace was an Italian designer who founded his namesake luxury fashion house, Versace, in 1978. Currently run by his sister Donatella, the brand is known for bold prints and its iconic Medusa-inspired logo.The New York townhouse remained in the possession of the Versace family until 2005, when the current owners, Swedish hedge-fund manager Thomas Sandell and his wife Ximena, purchased the home for $30 million, per property records. 

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