Hearst mansion price cut by $70m

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The Independent US

The seller of what was once thought to be America's most expensive home has knocked $70m (£45m) off the asking price after filing for bankruptcy protection.

The Beverly Hills mansion once owned by the publishing magnate William Randolph Hearst, is on the market for $95m – down from $165m when it was briefly listed in 2007.

The 1920s-era pink stucco estate is shaped like the letter "H" and covers 6.5 acres north of Sunset Boulevard. The owner is a lawyer named Leonard Ross.