The Jills recently marketed and held an auction for the sale
of Miami’s famed Versace Mansion. On September 17, 2013
the bidding took place at the Versace property under a tent set in
front of the stunning mosaic-tiled pool lined in 24k gold.
There were three primary bidders present at the auction;
Palm Beach club owner Glenn Straubthe, Joe Nakash who is
chairman of Jordache Enterprises, and Eric Trump representing
his father Donald and the Trump brand.
The energy was high as the competing bids volleyed back
and forth toward an intense last moment before Nakash
took the auction. Going Once! Going Twice! Sold! When the
gavel went down the entire Nakash party jumped up in celebration.
The Versace Mansion sold for an unbelievable $41.5 million dollars.
It was an epic sale that was covered all over the world.
The Versace mansion is truly a gem of a property. As a
potential single family home, the Versace mansion sale
broke the recent Miami Beach record of Alex Rodriguez’s
$30 million dollar sale on North Bay Road.
What’s next for for such an iconic property?
The Nakash family owns the Hotel Victor that is located next
door to the Versace Mansion and may turn it into a luxury
boutique hotel or high end retail. It will be exciting to see
what they do there, hopefully they preserve the
unique character of the property while finding a new
use for it. It was truly a once in a lifetime opportunity to
participate in such a historic sale. Our team is grateful
for all of the support we have received and wish the
new owners all the very best!
In the spirit of Versace press play below!