Beckhams sell Beckingham Palace for 10m Pounds profit

David and Victoria Beckham have sold their "Beckingham Palace" for 12 million pounds, making a cool 10-million-pound-profit, according to reports.

The property in Hertfordshire was bought by the star couple in 1999 for 2.5 million pounds, the Mirror reported.

According to reports, the couple is going to use the money to invest in an enormous 45-million-pound-pad in central London.

A source said that the decision to sell is the beginning of a new era for the family.