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Versace’s former Miami Beach home up for auction

July 23, 2013

MIAMI BEACH, Florida (AP) — The oceanfront Miami Beach mansion where Italian fashion designer Gianni Versace lived and died in the 1990s is going up for auction.

Serious inquiries only, please. The minimum bid for the Sept. 17 auction is set at $25 million. To even see the property, potential buyers must sign a confidentiality agreement and prove they have the money to close a deal.

Versace’s family hasn’t owned the mansion since 2000. But auctioneers hope the designer’s legacy will attract bidders to the property on flashy Ocean Drive.

Versace put $33 million into renovations when he bought the property in 1992. The 23,000-square-foot (2,136-sq. meter) mansion now has 10 bedrooms, 11 bathrooms and a 54-foot-long mosaic pool lined with 24-karat gold tiles.

Versace was slain by a serial killer on the front steps in 1997.

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