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Report: Billionaire Heiress Petra Ecclestone Guts $85 Million Spelling Mansion

Posted on Fri Aug 19, 2011 10:40 AM PDT


Apparently $85 million can buy you a home, but maybe not tact.

Petra Ecclestone is reportedly stripping the incredibly expensive home she bought from Candy Spelling, according to the U.K.'s Daily Mail.

The British Formula 1 heiress is said to be taking out all of the old-fashioned chandeliers, fireplaces, gold fixtures and wallpaper and replacing them with more modern designs.

Ecclestone also brought antique dealers into the Holmby Hills mansion to bid on any items they liked. That's one way to get rid of things - and get some of your investment back! After all, the 22-year-old supposedly borrowed $82.4 million (as in, nearly the entire bid) from her mother Slavica in order to buy the home.

See more pictures of the Spelling estate - considering the most expensive home in the United States - below.

Petra is the daughter of Formula 1 billionaire Bernie Ecclestone and Croatian model Slavica. She was born and raised in England and has one older sister, Tamara.

The 57,000 square feet Spelling home Ecclestone bought has 14 bedrooms and includes a gift wrapping room, tennis court, swimming pool, and 100-car garage.



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