
The palatial Miami villa where fashion icon Gianni Versace was shot dead in 1997 is to be sold at auction and is expected to fetch more than $50 million, the company managing the sale said Thursday. The house and outbuildings which comprise Versace\'s former home are located just a stone\'s throw from the beach on Miami\'s Ocean Drive tourist strip. The property had been transformed into a boutique hotel but is being sold off by its current owner. An auction has been scheduled for September 17. Lamar Fischer, the president of the Fischer Auction Company which is handling the sale, said he expected the estate to be sold within 30 minutes. Asked how much he expected the property to sell for, Fischer told AFP: \"That\'s the million dollar question, isn\'t it? \"You never know for sure in these cases but you could say that the real estate value of the property is certainly above $50 million, so we expect the price to go higher than that.\" Versace, 50, was shot dead on the steps of his home in July 1997 by serial killer Andrew Cunanan. Cunanan, who had murdered four other people in the months leading to the designer\'s killing, committed suicide eight days after Versace\'s murder.
GMT 00:49 2018 Wednesday ,24 January
Positive aviation sentiments fuel MRO industry's growthGMT 00:21 2018 Wednesday ,24 January
UAE airports face less stress from new US cargo regulationsGMT 20:06 2018 Tuesday ,23 January
Pakistan offers visa on arrival to tourists from 24 countriesGMT 22:40 2018 Monday ,22 January
RAK Police air wing carry out 135 rescue operationsGMT 21:59 2018 Monday ,22 January
Honduras roads blocked in protestsGMT 19:22 2018 Monday ,22 January
Accidents, traffic jams clog Dubai roadsGMT 17:34 2018 Monday ,22 January
Man charged for assaulting police officer at Dubai airportGMT 17:03 2018 Monday ,22 January
Gulf Air launches Bahrain tourist visa service

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor