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Joan Collins sells her houses

Joan Collins, known as Alexis in television’s ultimate villainess roles, always embraced the high life as her standard.Nevertheless, the actress has had to sell one of her four residences, demonstrating that even the world’s elite can face challenges during the global financial crisis.

The 78-year-old star is listing her three-bedroom, three-bathroom apartment in Manhattan because she feels she can “no longer afford to maintain it”.

Having residences in Los Angeles, London, and the south of France, the former Dynasty star remarked, ‘We always anticipated that there might come a time when we would need to part with either our LA home or this one, and sadly, we’ve decided it will be this place.’

‘Many people have questioned us, “How can you maintain four homes?” The truth is, in today’s climate, it’s simply not feasible for us.’

This three-bedroom unit at the Dorchester in Manhattan features North, South, and East exposures, herringbone oak floors, three baths, and an abundance of closet space.

Currently listed for $2.895 million, the upscale apartment also includes a substantial monthly maintenance fee of $2,915.

Thus, it’s no surprise the actress is opting to sell, possibly reinvesting the proceeds from the sale into her remaining three properties.

This decision is particularly timely as her LA residence suffered flood damage last year.

In September, upon returning from a vacation at her St. Tropez home, she was met with disastrous news—her Sierra Towers mansion in Los Angeles had been flooded during routine maintenance.

A plumber had visited her home to check for leaks but neglected to switch off a tap before turning the water back on, causing significant flooding throughout the property.

Despite extensive cleanup efforts, much of her furniture was irrevocably damaged.

In addition, Collins has shared her empathy for Cheryl Cole regarding her dismissal from the US X Factor.

The former Dynasty actress noted that Cheryl’s difficulties in winning over American audiences remind her of her own struggles with accent challenges early in her career.

‘I feel very sorry for Cheryl Cole,’ she expressed. ‘When I arrived in Hollywood at 21, they wanted me to alter my accent, claiming that people couldn’t understand me.’

‘They provided me with lessons, and I acquired an American accent…now I find myself caught in between. I believe Cheryl takes pride in her accent, and if she were to change it, she’d receive significant backlash.’

She continued, ‘Upon returning home, my mother remarked, “What’s happened to your voice? You speak oddly now.”

I think Cheryl was dealt a tough hand as they were aware of how she spoke prior to her involvement.’

by Helena Bryanlith

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