Why the US Does NOT Need to Reform the Tax Brackets: All we need is a tax on wealth that is absurd and unproductive.
from The Telegraph, Nick Allen, Los Angeles
14 Jun 2011
Petra Ecclestone, the daughter of billionaire Formula One boss Bernie Ecclestone, has reportedly put in a bid on the most expensive home listed for sale in the United States.
The sprawling 57,000ft French chateau-style uber-mansion in Los Angeles has more than 100 rooms, including 14 bedrooms, and has been on the market priced at $150 million (£92 million) since 2009.
The offer price has not been disclosed, according to the Wall Street Journal, which reported the proposed sale. Celebrity news wesbite TMZ reported the sale had not yet closed.
If it goes through the purchase would allow the heiress, who already owns a six-storey Grade II listed house in Chelsea, purchased for £56 million, to divide her time between London and America’s West Coast.
Her new home would be on the doorstep of Hollywood and close to the fashion shopping mecca of Rodeo Drive. It would also have significantly more parking space than Chelsea, with room for 100 cars.
The property, which is called “The Manor,” also features a barbershop, a wine tasting area, several gift-wrapping rooms, a flower-cutting room and a silver storage room with specially controlled humidity.
There is also a tennis court, a koi pond, a citrus orchard, the obligatory swimming pool, and the “Prince Charles suite” where the heir to the throne once stayed.
It is being sold by Candy Spelling, widow of Hollywood producer Aaron Spelling who died in 2006. He was behind television shows including Dynasty, Charlie’s Angels, Starsky and Hutch, and Beverly Hills 90210.
Mr Spelling completed building his dream home, on what used to be Bing Crosby’s estate, in 1991. It includes a main staircase reminiscent of the one used in Dynasty.