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Soft focus smut lovers rejoice!

Legendary purveyor of porn Penthouse magazine has sold at auction for just $11.2 million. The magazine and its parent company filed for bankruptcy five months ago.

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The winning bidder is a Czech porn site operator called WGCZ Ltd., which owns websites like Xvideos and Bangbros.com.

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Other offers came from Pornhub and Larry Flynt’s Hustler. The deal is expected to be finalized by the end of the month.

“Some were bidding for the entire thing, and some were bidding for pieces,” Hamid Rafatjoo, an attorney at Raines Feldman, which represented the unsecured creditors committee, told the Los Angeles Times.

It isn’t known whether Penthouse CEO Kelly Holland will remain in the frame. The sale affects about 30 employees of the company, which has annual revenue of about $10 million.

Among its assets are more than 50 years of photos, articles, trademarks and licensing agreements. In addition, it covers a number of porn channels and 1,200 film titles, including the notorious 1980 bonk-a-ramma ‘Caligula’.

The company has liabilities between $10 and $50 million.

Like other porn companies, Penthouse has struggled in the new media environment with print sales in freefall and pirating taking a huge chunk of its video numbers.

Hairychested, blinged-out impresario Bob Guccione founded Penthouse in 1965 as a raunchier rival to Playboy.

Last month it put porn star-turned-Trump-taunter Stormy Daniels on the cover and labelled her the “Penthouse Pet of the Century.”