Joan Collins, Peter Holm End Long Legal Rift With 4 1/2 Hours of Bargaining
It took 15 months, but the marriage between “Dynasty” star Joan Collins and former Swedish pop singer Peter Holm was finally laid to rest Monday in a Los Angeles courtroom.
A settlement was reached after 4 1/2 hours of hard bargaining and a face-to-face meeting between the estranged pair.
The final division of property, hashed out in the closed courtroom of Superior Court Judge Kenneth A. Black, appeared to produce no clear-cut winner.
Holm gets $180,000 from Collins, including $98,000 in “management fees” and $82,000 in “property settlement” as well as a $40,000 custom-made car called a Spartan.
Collins gets sole possession of the co-owned French property, described by her attorney, Marvin Mitchelson, as a “small house” in Port Grimaud whose estimated value is about $400,000.
Both will pay their own attorneys’ fees.
The clincher, said the smiling Holm, came after the two finally spoke directly to each other.
“I said to Joan, ‘I think it’s about time we finished all this spectacle,’ ” Holm said after the courtroom had been opened to a phalanx of paparazzi.
Direct communication had been the missing ingredient in the lengthy domestic dispute, which had featured Holm picketing Collins’ house in Beverly Hills for spousal support, a courtroom fainting scene by the “other woman” and messy claims from both sides about seized property.
“It was the thing we never had,” said Holm, 40, who was elegantly dressed in a gray silk suit. “Joan and I, face-to-face, both decided to call this mess quits.”
Collins, the 54-year-old actress who plays the haughty Alexis on “Dynasty,” was reserved in her assessment of Monday’s settlement.
“I think it’s fine, it’s fair,” said Collins, icily composed in a pinstriped black blazer with a silk boutonniere, a velvet bow perched on her head. “I’ve gotten back my house in the south of France and Mr. Holm has agreed to give me back my furniture. It’s taken a long time, but it’s fine.”
The couple divorced last year, after a trial in July featuring the steamy testimony of Romina Danielson, who told of a marathon extramarital affair with Holm who, she said, called her his “Passion Flower.”
But there remained some messy claims and counterclaims regarding property--Collins had claimed that Holm had taken furniture and paintings from her house in Beverly Hills--and a final ruling on Holm’s alimony claim.
Collins won a crucial victory when a Superior Court judge upheld a prenuptial agreement limiting Holm to 20% of the actress’ earnings during their 13 months together.
Holm, who had been asking for $80,000 a month in temporary spousal support, settled for about $1 million, 20% of the $5 million that Collins earned during the 13 months. But it was not until Monday that he relinquished any claim for alimony.
After Monday’s court session, Mitchelson claimed victory for his client, noting that the $98,000 in “management fees” that Collins will pay Holm represents a tax deduction for the actress. “He has also agreed to give her back her furniture, which is worth about $100,000,” Mitchelson said.
“Nobody’s a winner here,” said Holm’s attorney, Frank Steinschriber. “They’re both angry.”