The magnificent Miami villa where fashion icon Gianni Versace was shot dead in 1997 is to be sold at auction and is anticipated to mount beyond US$50 million (S$63 million) which was informed by the company managing the sale on Thursday.  The house along with its outbuildings which is inclusive of  Versace's former home are located just a stone's throw from the beach on Miami's Ocean Drive tourist location. Furthermore, the property had been transformed into a boutique hotel yet has been sold off by its current owner at the same time  an auction has been scheduled for Sept 17.

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The president of the Fischer Auction Company which is handling the sale, Mr Lamar Fischer, expressed that he expected the estate to be sold not exceeding 30 minutes.

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(AW:Samrat Biswas)