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  1. Wealth
March 19, 2009

Telegraph: Versace sale raises £7m

By Spear's

The sale of murdered fashion designer Gianni Versace’s possessions raised more than £7 million yesterday.

From the Daily Telegraph:

The sale of murdered fashion designer Gianni Versace’s possessions raised more than £7 million yesterday.

Hundreds of items from his Villa Fontanelle home including huge classical statues of naked wrestlers, furniture and paintings, were auctioned at Sotheby’s in New Bond Street, central London.

A spokeswoman for Sotheby’s said the pre-sale estimate was only £2.8 million but many items sold for more than 10 times their expected price.

More than 500 people registered to bid in the auction.

Mario Tavella, deputy chairman of Sotheby’s Europe, said: “With heated bidding in today’s auction extending beyond 12 hours, the day sale turned into an evening sale too.

“From the recreation of the villa’s rooms in Sotheby’s galleries to the hugely enthusiastic bidding in the saleroom, this event epitomised the glamour and vision of Gianni Versace and was a fitting way to mark the sale of his most beloved – and until now very private – Lake Como collection.”

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