{UAH} End of Playboy mansion parties as Hefner pad put up for sale for $200m

End of Playboy mansion parties as Hefner pad put up for sale for $200m

Ever wanted to be Hugh Hefner? Well, now you can live in his mansion if you hand over a couple of hundred million dollars

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The Playboy Mansion Photo: Getty Images

By Robert Tait, Los Angeles

12:11PM GMT 10 Jan 2016

It has long been a byword for glitz, glamour and hedonistic excess.

Now the Playboy Mansion's era as a venue for no-holds-barred celebrations for the rich, beautiful and famous is set to end amid reports that it has been put up for sale.

Owner Hugh Hefner, founder and publisher of Playboy magazine, has put the Holmby Hills property on the market for $200 million (£138 million),according to TMZ, a Los Angeles showbusiness website.

Playboy mansion swimming pool  Photo: Getty Images

The news is likely to trigger interest from a host of potential buyers due to the six-acre property's iconic status and prime location close to Beverly Hills, where properties have been known to change hands for much higher prices.

However, estate agents say that is unlikely be the case with the Playboy mansion, which is said to be in a dilapidated state, with mismatching rooms and old-fashioned decor that have led some to conclude that the house, built in 1927, is in a "pull-down" state with its main value lying in the land it occupies.

The final price may be further depressed by a condition of sale - that Hefner, now 89, be allowed to stay there until he dies. The magazine magnate's bedroom, long a subject of speculation, will be off-limits to visiting would-be buyers asking for a tour of the property.

Hugh Hefner with a couple of 'bunnies'  Photo: Getty Images

A comparable-sized nearby property recently sold for $60 million. The Playboy mansion's historic reputation could lift its eventual sale value to around $80-90 million, property analysts forecast.

The swimming pool outside the Playboy Mansion  Photo: Getty Images

Hefner's parties were once the stuff of legend. John Lennon reputedly stubbed a cigarette out on one of the owner's original Matisse paintings at one soiree in the 1970s.

Recent gatherings have drawn more lurid headlines. Chloe Goins, a Los Angeles model, alleged that she was drugged and sexually assaulted by the entertainer Bill Cosby at the Midsummer Night's Dream party - an annual event at the mansion - in 2008. Prosecutors last week declined to prosecute for lack of evidence and because the statute of limitations on the allegations had passed.

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Gwokto La'Kitgum

"Even a small dog can piss on a tall Building", Jim Hightower

"But this I know, UPC believed and still believes in

very high education. We can call Obote all bad names we have, but the bottom line remains that he got more scholarships for Buganda than all previous Uganda leaders combined. That includes Sir Edward Mutesa, President Lule, President Binayisa, up to and into Ssabasajja Mutebi. Who all happen to be Baganda leaders." Mulindwa

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