Fashion designer and film director Tom Ford has paid US$38.75 million for the Holmby Hills estate of the late Betsy Bloomingdale, heiress to the Bloomingdale department store fortune.
Ford, who just released his second movie Nocturnal Animals, starring Jake Gyllenhaal and Amy Adams, has just closed on the sale.
He also scored himself a respectable discount from the reported US$55 million price tag.
The estate, which was listed privately, had belonged to the American socialite and philanthropist who passed away in July at the age of 93.
She married into the Bloomingdale family, known for its eponymous department store, and spent most of her life in Los Angeles, where she hosted close friends Nancy Reagan, Joan Collins and Joan Rivers.
According to Town & Country and Variety, she and her husband Arthur bought the property in the 1950s and worked with celebrity decorator Billy Haines to transform the late-1920s Spanish colonial home into a glamorous Hollywood regency-styled affair.
It also boasts numerous formal and informal entertaining spaces where the well-connected couple hosted Hollywood’s glitterati.
The 929sqm estate has nine bedrooms, seven bathrooms, a library, an outdoor living room, a pool house, tennis court and a rose garden.
Rodeo Realty’s Josh Flagg, the star of Million Dollar Listing Los Angeles and the listing agent for the property declined to comment on the sale, but said the property had “hosted some of the most important meetings, parties and gatherings is LA’s history”.
A spokesman for Ford did not respond immediately to request for comment.
This article originally appeared in Mansion Global.