Last year when Formula One heiress Petra Ecclestone paid $85 million for the Spelling mansion in Holmby Hills, it was one of the most expensive real estate transactions in recent memory.
Impressively, she pulled off the deal after just two days of negotiating and paid a $65 million discount off Candy Spelling‘s initial asking price of $150 million.
But it seems that Ecclestone has a certain Russian oligarch to thank for making her deal so sweet.
According to Alexei Barrionuevo of The New York Times, Dmitry Rybolovlev, the billionaire who bought his daughter an $88 million apartment on Central Park West, had negotiated to by the Spelling mansion several months earlier.
One interesting twist in the script is that the deal to buy the Manor from Ms. Spelling, the widow of the producer Aaron Spelling, would most likely not have been possible — especially in the mere 48 hours it took to finalise — without another prospective buyer’s negotiation on the home with Ms. Spelling nine months earlier.
In late 2010 Dmitry Rybolovlev, the Russian potash fertiliser billionaire, quietly made a visit to Los Angeles with his eldest daughter, Ekaterina. He made offers on at least two of the most famous mansions in Beverly Hills and Holmby Hills, including the Spelling manor, before deciding not to buy a home on the West Coast, at least for now, according to people familiar with their deliberations who declined to be named for confidentiality reasons.
While Rybolovlev left the West Coast without buying any real estate, he appears to have primed Spelling for the sale to Ecclestone.
It seems that Ms. Spelling was eager to sell for that price because Mr. Rybolovlev had already negotiated with her down to that number in 2010, said one person familiar with the discussions.
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