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Rumormongering

According to the inimitable Real Estalker, model-turned-creative director Kimora Lee Simmons plans to drop about $40M on Guess cofounder Armand Marciano's Mediterranean-style LA estate. This would mean yet another pricechop from Marciano, who listed the place for $64M back in 2011, only to cut it down to $54.5M. [The Real Estalker; previously]