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	<title>Observer &#187; Walt Disney&#8217;s Grandniece Finally Sells West End Co-ops, But Loses Millions</title>
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		<title>Observer &#187; Walt Disney&#8217;s Grandniece Finally Sells West End Co-ops, But Loses Millions</title>
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		<title>Walt Disney&#8217;s Grandniece Finally Sells West End Co-ops, But Loses Millions</title>

		<comments>http://observer.com/2009/11/walt-disneys-grandniece-finally-sells-west-end-coops-but-loses-millions/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 16:34:33 -0400</pubDate>
					<link>http://observer.com/2009/11/walt-disneys-grandniece-finally-sells-west-end-coops-but-loses-millions/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/disney2.png?w=282&h=300" />Back in April 2008, <strong>Abigail Disney</strong>, the mogul's grandniece, put her two <strong>300 West End Avenue </strong>apartments on the market for a combined $13,445,000. It was an ambitious thing to do, considering that a year and a half earlier she'd paid the singer Harry Belafonte just $10.75 million for them.</p>
<p>The pair of nine-room co-ops, listed with mega-agent <a href="/2009/real-estate/dolly-lenz-falls-earth">Dolly Lenz</a>, got less pricey as the economy drooped--though the combined tag was cut only to $11.95 million and then to $10.95 million, still more than she'd paid. But Ms. Disney was evidently willing to sell them for a lot less.</p>
<p>Last month, according to a deed filed in city records Friday, she and her husband sold off the apartments for <strong>$7.2 million</strong>, $3.55 million <a href="/2009/real-estate/loss">less than they'd paid</a>--and even less than they were <a href="http://www.nytimes.com/2009/04/09/realestate/manhattan/09real.html?hp">rumored</a> to be selling for.</p>
<p>The <a href="http://img.streeteasy.com/nyc/image/11/4195411.gif">A-line</a> apartment sold for $3.75 million, and the $3.45 million <a href="http://img.streeteasy.com/nyc/image/39/4195539.gif">B-line</a> unit sold to <strong>Amy Gold </strong>and <strong>Brett Gorvy</strong>, the husband-and-wife deputy chairmen at Christie's. Watch Mr. Gorvy, who's also the auction house's international co-head of postwar and contemporary art, interview the poet and Warhol assistant Gerard Malanga <a href="http://www.christies.com/features/videos/interviews/gerard-malanga-discusses-warhol.aspx">here</a>, and the very velvet-voiced Disney fan Jeff Koons <a href="http://www.christies.com/features/videos/interviews/jeff-koons-speaks-2008.aspx">here</a>.</p>
<p><em>mabelson@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/disney2.png?w=282&h=300" />Back in April 2008, <strong>Abigail Disney</strong>, the mogul's grandniece, put her two <strong>300 West End Avenue </strong>apartments on the market for a combined $13,445,000. It was an ambitious thing to do, considering that a year and a half earlier she'd paid the singer Harry Belafonte just $10.75 million for them.</p>
<p>The pair of nine-room co-ops, listed with mega-agent <a href="/2009/real-estate/dolly-lenz-falls-earth">Dolly Lenz</a>, got less pricey as the economy drooped--though the combined tag was cut only to $11.95 million and then to $10.95 million, still more than she'd paid. But Ms. Disney was evidently willing to sell them for a lot less.</p>
<p>Last month, according to a deed filed in city records Friday, she and her husband sold off the apartments for <strong>$7.2 million</strong>, $3.55 million <a href="/2009/real-estate/loss">less than they'd paid</a>--and even less than they were <a href="http://www.nytimes.com/2009/04/09/realestate/manhattan/09real.html?hp">rumored</a> to be selling for.</p>
<p>The <a href="http://img.streeteasy.com/nyc/image/11/4195411.gif">A-line</a> apartment sold for $3.75 million, and the $3.45 million <a href="http://img.streeteasy.com/nyc/image/39/4195539.gif">B-line</a> unit sold to <strong>Amy Gold </strong>and <strong>Brett Gorvy</strong>, the husband-and-wife deputy chairmen at Christie's. Watch Mr. Gorvy, who's also the auction house's international co-head of postwar and contemporary art, interview the poet and Warhol assistant Gerard Malanga <a href="http://www.christies.com/features/videos/interviews/gerard-malanga-discusses-warhol.aspx">here</a>, and the very velvet-voiced Disney fan Jeff Koons <a href="http://www.christies.com/features/videos/interviews/jeff-koons-speaks-2008.aspx">here</a>.</p>
<p><em>mabelson@observer.com</em></p>
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