After more than a year on the real estate market, Miami’s Versace Mansion finally sold for $41 million in a closed-door auction this summer. For those keeping score, that’s an $83 million discount from the home’s original $125 million listing price. The infamous property was bought by the Nakash family, owners of iconic ’80s denim brand Jordache, according to The Real Deal. The Nakash’s company, VM South Beach, is the chief creditor in the mansion’s foreclosure case.The Versace Mansion had trouble finding a buyer from the get-go. Originally listed for $125 million in June of 2012, the home was the most expensive in America at the time. A few months later, however, it was price-chopped down to $100 million, then $75 million, and finally slated for bankruptcy auction. [See & Read More]

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