Versace villa in Miami set for auction

 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 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 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.

Versace, 50, was shot dead on the steps of his home in July 1997 by serial killer Andrew Cunanan.