Tuesday July 8th, 2003

Formula One supremo Bernie Ecclestone is selling his London home for £85 million, according to the Daily Mirror newspaper.

The five-storey home, based next door to Kensington Palace in London, was bought by Ecclestone at the end of 2001, but the 72-year old Briton has not spent a single night there.

The house boasts a host of luxurious features, with eight lavish suites, and a large dining room, complete with crystal chandelier, a ballroom and an oak panelled picture gallery.

According to the Daily Mirror, Ecclestone is selling the house for an estimated £85 million, having bought it for around £50 million only 18 months ago. The newspaper said the house is the most expensive property ever put up for sale.

Ecclestone is currently Britain's fifth richest person.

Published at 10:42:23 GMT

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