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Vidal Sassoon’s estate in Bel Air recently sold to François Pinault for $16.5 Million

Originally known as “Singleton House”, located on the peak of Mulholland Drive in Bel Air, overlooking Los Angeles and the Pacific Ocean, it was built in 1959 by Richard Neutra. The Honorary Chairman of Pinault-Printemps-Redoute (or PPR, a French holding company that develops multinational luxury, sport, lifestyle and retail brands in over 120 countries), François Pinault purchased the estate and paid $16.5 Million U.S. Dollars for it. The estate was sold by the late Vidal Sasson’s widow, Ronnie Sassoon. Vidal and his wife Ronnie purchased the luxurious estate in 2004, priced at that time at just $6 million Dollars. The price scaled last year to $17.99 million after Mr. Sassoon was found dead in his home. The house had four bedrooms, five bathrooms, several courtyards, a pool and spa, media room, and gardens with Isamu Noguchi stones as decoration.   François Pinault’s empire and fashion conglomerate has Gucci, Stella McCartney, Alexander McQueen and Yves Saint Laurent in his portfolio, as well a a $1.4 billion contemporary art collection, the biggest in the world. Vidal Sassoon was a pioneer in hairdressing and hair care, a huge trendsetter with the credit of creating the popular wedge bob haircut, also known as the "Bahaus-inspired” haircut. He is credited for the popular line “If you don't look good, we don't look good,” mentioned in his commercials.