For Sale: $25 Million Versace Mansion

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July 26 (Bloomberg) -- Fisher Auction CEO Lamar Fisher discusses the history of the $25 million dollar Versace mansion that's for sale with Julie Hyman on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Listen up, fashion fans, the miami beach villa that once belonged to versace could belong to you.

But it is $25 million.

It has a swimming pool made up of 24 karat gold tiles.

You could be purchasing a scene of history.

Versace was fatally shot on the front steps in 1997. thank you for joining us.

Compression of the sale price was initially listed -- i understand the sale price was initially listed higher and now has dropped down.

What price you expect it to fetch?

You should bring about $40 million or more.

Correct and you have to prove, essentially, that you have $25 million to even be shown this property.

What are some of the buyers -- i'm presuming you cannot name them, but what is the kind of buyer you are seeing come to the house?

Gregg's we are seeing some russian buyers, some south american players, and some very high-profile individuals that you would know if i said the name.

Unfortunately, i cannot say for confidentiality purposes.

Obviously, it is a very luxurious house.

Why do you think it did not sell with the initial list price of $125 million?

It was basically reduced to $75 million, but but current owner finals bankruptcy.

-- filed bankruptcy.

The bankruptcy court started with the auction process.

Is there another property like this in miami?

There is not, and quite frankly, not really in the world.

This is truly one-of-a-kind manchin.

Someone is going to be very happy to put it on their mantel.

It is a true -- a trophy to win.

What about all of the furniture and fixtures?

If you add all of that up, what do you think that it's worth it?

The furnishings alone are probably worth $2 million or $3 million, and they will probably be sold with the real-estate.

The buyers that you talk to, are most of them going to use the house and for their own personal use, or is there any talk of it come -- it becoming a very high end hotel were being used for something else?

It is interesting that you say that, because it is about a 50-50 interest inquiry, whether they want to keep it as a residence, or keep as a boutique hotel as it was before it was shut down.

What do you think?

I think a boutique hotel would work with a very nice restaurant.

This text has been automatically generated. It may not be 100% accurate.


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