Megan Ellison Nearly Bought Anjelica Huston's Venice Home
This story first appeared in the Dec. 6 issue of The Hollywood Reporter magazine.
After a Bird Street sell-off for a cool $47 million, financier-producer Megan Ellison reportedly has been on the hunt for a home office in Venice. Insiders report that the American Hustle backer went into escrow on Anjelica Huston's house designed by her late husband, sculptor Robert Graham.
With its three-story artist's loft, interior courtyard, gallery, dance room and workshop, the property came to market for $18 million in May 2010. The price has been chopped at various points to its current $11.9 million.
Alas, Ellison may not have been entirely sold on the area's ultimate live-work compound. The real estate-savvy producer has pulled out of escrow on what is proving to be a difficult-to-offload unit.