The 10-bedroom mansion was originally listed for $125 million in June 2012 then later reduced to $75 million. Prospective bidders were asked to prove that they had $40 million in funds on hand and were required to escrow $3 million with the current owner's firm — a small price to pay for the storied site of a number of Versace's Versace-est moments.
"Every room is a work of art,'' said Jill Eber, the real estate agent who listed the house last year. "If the person buying it is not already a celebrity, it gives them instant celebrity status — if they want it."
Get a look at the house that Versace built, here in the gallery.
— Additional reporting by Randy Miller