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French Businessman Buys $16.5 Million Bel Air Estate

January 10, 2013

French businessman Fran├žois Pinault buys a $16.5 million Bel Air estate; William Koch buys Rachel "Bunny" Mellon's Cape Cod compound for $19.5 million; Howard Marks sells his Malibu, Calif., home for a record $75 million.

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