For sale: Rome villa restored by Texas princess auctioned
AP |
1/5
On auction by court
A villa in the heart of Rome that features the only known ceiling painted by Caravaggio is being put up for auction by court order after the home was restored by its last occupants: a Texas-born princess and her late husband, a member of one of Rome's aristocratic families.
2/5
Built in 1570
The Casino dell'Aurora, also known as Villa Ludovisi, was built in 1570 and has been in the Ludovisi family since the early 1600s. After Prince Nicolo Boncompagni Ludovisi died in 2018, the villa became the subject of an inheritance dispute between the children from his first marriage and his third wife, Rita Jenrette Boncompagni Ludovisi.
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Asking price USD 533 million
A judge recently ordered the villa put up for auction, which is scheduled for Jan. 18, with its value estimated at 471 million euros ($533 million) and a starting bid set at 353 million euros ($400 million).
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4/5
"Monumental property"
The listing on the Rome tribunal's auction site highlights its many attributes, though it notes that 11 million euros ($12.5 million) in renovations will be necessary to make it comply with current standards. A ``monumental property`` on six levels, the listing says it is ``among the most prestigious architectural and landscape beauties of pre-unification Rome,`` with three garages, the Caravaggio, two roof terraces and a ``splendid garden with arboreal essences and tall trees, pedestrian paths, stairs and rest areas.``
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Fallen into disrepair
The American princess, who was formerly married to former U.S. congressman John Jenrette, Jr., tears up as she contemplates leaving her home of nearly 20 years. When she married Boncompagni Ludovisi in 2009, the villa had fallen into disrepair, and her new husband only used it as an office.