George And Amal Clooney Deny Their Lake Como Estate Is For Sale (For $107 Million), But The Italians Think It Is

A small but white-hot firestorm of speculation was ignited in Italy on September 20 as weekly magazine Oggi — aka “Today,” an approximation in Italy of the American weekly People — published an article maintaining that idyllic Lago Como’s notable expat citizen, one George Clooney, was definitely selling the Villa Oleandra. For a price somewhere in the stratosphere north of $100 million. This conflagration jumped the Atlantic over the weekend of September 23-4 as the U.S. outlets, among them the U.S. edition of People, picked up the story.

Whereupon the Clooneys themselves lodged a very different opinion, namely, that the estate — which Mr. Clooney has grown to include four houses, including the grand 25-room main, historical Villa Oleandra — was definitely not for sale. Now actually quoting official representatives of the Clooneys, People walked its first, breathless story back on Sunday, September 24. The Clooneys stated, through their representative, that they first became aware that they had put the house up for sale via the New York Post‘s Page Six, historically speaking, one of the faster-breaking American news outlets.

So far, so good. But. In matters in Italy involving the widely beloved Mr. Clooney, and very much especially in the reporting of matters in Italy involving Mr. Clooney during which Mr. Clooney (and/or his official representatives) were not consulted, the Italian reporting itself deserves close study.

The “accelerant” — or ignition point — in this firestorm was played by Yasemin Baysal, a realtor with responsibility for northern Italy for high-end firm Engel and Völkers who, she confessed to Oggi, seems to have now (or to have had) at least one iron in that fire in the form of a client who was “very interested” in buying the Villa Oleandra and its accumulated collection of houses.

Ms. Baysal cited — but would not name — a Milanese realtor who (reportedly) carries the (according to Ms. Baysal), 100-million-euro listing. And in classic ‘buying-realtor’ form on behalf of that real or imagined Engel and Völkers client, she succeeded brilliantly in making sure to slip in a hefty beatdown of the (reportedly) listed price as she emphasized to the Oggi editors that her valuation of the property was more in the range of 60-to-70-million euros. Nice pirouette, Signora Baysal! No moss gathering on that stone.

The next step in the firestorm — again, before the Clooneys weighed in with their denial — circled a bit closer into the (imagined) family dynamic. And it was purely an editorial move, in the form of analysis in the Oggi dispatch that collected “indiscrezione” — or indiscretions in the form of rumors — indicating that Mrs. Clooney would be pushing for such a sale since the territory (Como, the lake, the village of Laglio) were not as much to the lady’s liking for reasons including the lake’s quietness and the village’s general lack of fabulosity. As opposed to Provence, on the Cote d’Azur, where, the Oggi editors were at pains to point out, there is much star-studded gadding about, and it’s where Clooneys have purchased a getaway.

True, as a child of the Levant, and by definition a French-speaker, Mrs. Clooney would naturally feel at home on the Med in its southern France iteration and that, reasonably, can have been a motive for a south-of-France purchase — it lets their swimming-age twins Ella and Alexander pad about in an ocean from a real beach, salt water and beaches being in short supply on the Italian alpine lakes. But few people — and specifically neither of the Clooneys — would suggest that 32,000-plus square feet of mansion space in sub-Alpine Italy was an either/or proposition with a summer place in Provence. It’s apples and oranges. It can very well be that, at some indeterminate point, the Clooneys will have finished their tenancy in the Villa Oleander and that it will be put on the block. But for now, the Clooneys have the scratch to make a move in Provence without selling a thing.

Further proof that Ms. Baysal is a real-estate professional is hardly needed, but if any were needed, we could say that it would be well supplied by her statement to Oggi that, although rumors of a Clooney sale of the estate have circulated for years, this time, the rumors are true.

But, bottom line: The sale of Villa Oleandra is not going to be true until the cash passes hands and the deed changes in the registry of Laglio. That doesn’t seem to be in the cards any time soon.