Magazine article Variety

Ecclestone Stunt Not Selling Holmby Hills Spread after All?

Magazine article Variety

Ecclestone Stunt Not Selling Holmby Hills Spread after All?

Article excerpt

Rumors ran rampant last year that Formula One Racing heiress Petra Ecclestone Stunt had allowed a number of high-profile brokers to secretly shop her gargantuan mansion in L.A.'s Holmby Hills 'hood at $150 million. Indeed, prominent broker Will Sellyerhouse swore he could show the super-sized spread at that price. Alas, in the interim, it seems Ecclestone Stunt may have shifted gears, because word has begun to make its way down the Platinum lYiangle real estate gossip grapevine that the twentysomething jet-setting mother of three actually turned down the offer of a Chinese media magnate and film producer who met her gasp-worthy price on the 4.5-acre estate.

Custom built in the early 1990s by Aaron and Candy Spelling, the immodestly proportioned 56,500-square-foot faux-chateau was purchased by Ecclestone Stunt in July 2011 for $85 million - in cash - and decoratively overhauled in just over two months at a reported cost of $20 million. …

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