When the mansion first hit the market before its completion, it was initially listed for a staggering $295 million (£225m) but failed to attract a buyer. Niami filed for bankruptcy the house was put up for auction and it finally sold in March 2022 for a dramatically reduced $126 million (£96m) – the most expensive house ever sold at auction.

The buyer was Richard Saghian — the CEO and founder of the online clothes retailer Fashion Nova who beat four bidders from the United States and New Zealand to land his dream home. “There is nothing else like it," he said in an emailed statement to Californian newspaper the LA Times. "As a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to be a part of Los Angeles history."

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