When news broke that the garish, French-ish Fleur de Lys estate in Holmby Hills had sold for the outrageous price of $102 million, all in cash, there was all kinds of secrecy and misdirection about who exactly the buyer was. At first, it was said to be a reclusive, unnamed French billionaire, then "Junk Bond King"/indicted financial fraudster Michael Milken's name came up; that hypothesis was bolstered by the news that tax documents for the sale were being delivered to his think tank, the Milken Institute. But Milken's reps denied it.
The dust hadn't even settled on that mystery when a new one presented itself: the house swiftly went up for rent, for anyone wishing to spend $400,000 a month to live in a fake palace. Now, the tried-and-true Real Estalker says that Milken threw a "massive housewarming party" at Fleur de Lys a few weeks ago, which is kind of a weird thing to do in a house you don't own. There's not much more to go on besides that and a Milken family connection to the real estate agent, but hopefully the buyer won't stay hidden forever. It would be pretty unexpected if the new owner were Milken: according to Curbed National, he's lived in the same "relatively modest" Encino house since 1977.
· UPDATE: Fleur de Lys [RE]
· Fleur de Lys [Curbed LA]