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The School of Flaunt

Back when "Flying Was Fun" Alexandra Smythe and Cate Clarke were Flight Attendants with a Major International Carrier. Prior to Private Jets coming into vogue, Alexandra and Cate traveled in the First Class World, meeting and greeting the top celebrities, politicians who would become Presidents, nouveau riche, and yes the occasional Headline Grabbing Criminal in Handcuffs!

What the two ladies viewed and experienced became fodder for the School of Flaunt, so much money, such bad taste and oh those terrible manners. Something had to be done! Hence, The School of Flaunt Handbook was born. Read More

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Ooh-la-la, despite the huge real estate tailspin-

Category: SOF Divas’ Diaries ®  |  Permalink

Published: Tuesday, June 21, 2011

Ooh-la-la, despite the huge real estate tailspin we are in, could this be the year of humongous real estate deals?

In March, Russian investor Yuri Milner paid 100 million for a French chateau-style mansion in Silicon Valley and today, the Wall Street Journal is reporting the massive "Spelling Manor" has been sold to Petra Ecclestone, a 22-year-old British woman who is heiress to the Formula One auto racing empire.

The Milner purchase was reported to be the highest-known price paid for a single-family home in the U.S. and if Ecclestone paid anywhere close to the 150 million asking price for the Spelling Manor, this deal will claim bragging rights as most expensive purchase ever in the U.S.

There is, needless to say, some skepticism about the validity of the purchase. The Real Estalker reports a well-connected insider has a different story that the buyer isn't Eccelstone but "someone else even wealthier."

Who is Petra Eccelstone? She is the daughter of Formula One "supremo" Bernie Ecclestone, a Brit and self-made billionaire who built his empire from selling motorcycle parts. He pursued his passion for auto racing - first as a driver, then as a team owner and eventually, he came to head Formula One, which is considered the most prestigious style of auto racing, attracting celebrities and royalty.

Petra is one of Bernie's and former wife, Slavica Radic's, two daughters and is described as one of 'the most spoilt girls in Britain," in a recent article by the Daily Mail. Not only does Petra most likely have a new 100 million home in the U.S., but the WSJ also reports that Bernie purchased a six-story house in London's Chelsea neighborhood for 56 million pounds (90.9 million dollars) for Petra, who is planning to marry her boyfriend of four years, James Stunt.

The 123-room Spelling Mansion hit the Los Angeles real estate market last September for the lofty price of 150 million. It is owned by Candy Spelling, wife of the late, mega-TV producer Aaron Spelling who amassed a fortune creating such hits as "Charlie's Angels," "Dynasty," "Beverly Hills, 90210," and "The Love Boat." The Spellings purchased the property from legendary entertainer Bing Crosby and soon demolished Crosby's home to build the 56,500-sq ft manor in 1991.

Occupying 4.7 acres, the three-story manor has no shortage of luxuries and includes a 17,000-sq ft attic with a barbershop and salon, rooftop garden, library, double staircase, two-lane bowling alley, service wing with staff quarters, China room, gift-wrapping room, wine tasting room, and parking for 100 cars.

According to a recent interview, the 63-year-old Spelling is downsizing from "The Manor" to a two-story Los Angeles condo she purchased for $47 million last year. 

Why she is almost ready for Social Security and Medicare!

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