Johnny Depp splurges $13.4 million on Venice palace

Hollywood superstar Johnny Depp has splurged $13.4 million on a palazzo (palace) in Venice, Italy after falling in love with the city.

The 47-year-old actor had spent several months in the Italian tourist hotspot while filming The Tourist with co-star Angelina Jolie last year. He has reportedly won a bidding war for the 17th century Palazzo Dona Sangiantoffetti, reports Dailymail.co.uk.

According to local newspaper La Nuova Venezia, the Hollywood star outbid an Arab prince for the empty building.

The Palazzo is one of the only available buildings overlooking the Grand Canal and is situated in the Santa Croce area of Venice.