Language heiress buys Candyland meant for $85M house, the 4.7-acre Holmby Hills estate is designed for a life of glamour and grand living to which Ecclestone is no stranger. The house is about 1,500 square feet larger than the White House. She is the daughter of self-made Formula 1 billionaire Bernie Ecclestone and former Armani model Slavica, who are divorced. The Ecclestone family ranked 254th this year on Forbes' list of wealthiest people, with a net worth of $4.2 billion.
The 22-year-old, a beneficiary of the family trust, already has a Georgian mansion in Chelsea, England, valued at an estimated $90 million.
Jane Austen manuscript sold for $1.6M
The earliest surviving manuscript for a novel by English writer Jane Austen (1775-1817) was sold for $1.6 million at auction in London on Thursday, auction house Sotheby's said. The heavily corrected manuscript of "The Watsons," probably dating to 1804, had been estimated to fetch a maximum of $485,000. The work, which was not published during her lifetime, provides a "fascinating insight into both her writing practices and her development into one of Britain's greatest authors," said Sotheby's expert Gabriel Heaton. Austen has achieved international acclaim with such works as "Emma," "Persuasion," "Pride and Prejudice" and "Sense and Sensibility."
SPLIT: Actor Daniel Baldwin, 50, has been granted a restraining order against his wife, Joanne, and filed for divorce, claiming she punched him and threatened him with a knife in front of their children -- who are 1 and 3.
CLOSED: The Las Vegas nightclub owned by "Desperate Housewives" co-star Eva Longoria is temporary closing amid financial troubles. The attached restaurant, however, will remain open because it is profitable. The club, however, was losing more than $76,000 per month.
AILING: An ailing Loretta Lynn, 76, canceled a weekend appearance at the Jamboree in the Hills music festival in Ohio. She was recently hospitalized for serious dehydration after a period of extreme heat in Tennessee.
Industry observers say a recent uptick in sales of high-priced Los Angeles mansions may be a signal that the overall real estate market is turning around.
The Los Angeles Times said Saturday at least six homes have sold this year at prices in excess of $20 million compared with only a few in the rest of Southern California.
While six deals is not considered statistically significant in such a huge market, the performance of the niche has caught the eye of analysts.
"It's highly likely we would not see this activity if there wasn't a growing belief that we were close to the bottom of the market," said Stuart Gabriel, director of the Ziman Center for Real Estate at UCLA.
Gabriel says the downturn in the market has basically knocked real estate values in greater Los Angeles down to their more-realistic 2003 levels. "All the increase we saw during the boom period has been purged from the system," he told the Times.
The newspaper said Candy Spelling's big house in the Holmby Hills area was expected to sell this year after being listed for $150 million for more than two years. The actual sale price is expected to top the $50 million paid for a Bel-Air property last year.
Realtors confirmed there were some significant price reductions stoking this year's activity.
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