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	<title>Observer &#187; Clinton Wedding Named Accomplice in Alleged Mansion Devaluing</title>
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		<title>Observer &#187; Clinton Wedding Named Accomplice in Alleged Mansion Devaluing</title>
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		<title>Clinton Wedding Named Accomplice in Alleged Mansion Devaluing</title>

		<comments>http://observer.com/2010/09/clinton-wedding-named-accomplice-in-alleged-mansion-devaluing/#comments</comments>
		<pubDate>Thu, 16 Sep 2010 13:22:43 -0400</pubDate>
					<link>http://observer.com/2010/09/clinton-wedding-named-accomplice-in-alleged-mansion-devaluing/</link>
			<dc:creator>Dan Duray</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/12-million-astor-courts-man_0.jpg?w=300&h=199" />The broker trying to sell Rhinebeck's Astor Courts estate has had to knock $4.5 million off the asking price, the <em>Post</em> gleefully <a href="http://www.nypost.com/p/news/local/housing_bubba_bursts_SrwwnCVzjcB2ZT1nQLF3RK" target="_blank">reports</a> this morning.</p>
<p>The 50-acre property, which includes a Stanford White-designed Beaux-Arts mansion, hosted the Chelsea Clinton wedding in July and served as John Jacob Astor IV's weekend home. After the wedding, the asking price was raised from $13 million to $14 million. Now it's going to auction with a minimum bid of $7.5 million, which isn't really the same as a devaluation.</p>
<p>So has the 'Bubba' burst, as the headline declares? Well, the wedding was never going to help sell the place, as the <em>Post</em> itself <a href="http://www.nypost.com/p/pagesix/chelsea_wedding_house_ad_LhYGiZd4oMQq4B3CM0acWJ" target="_blank">reported</a> beforehand. But maybe this will lead to the development of some sort of registry where landlords are forced to <a href="http://blogs.wsj.com/metropolis/2010/09/15/scarlet-b-bedbug-disclosure-comes-to-new-york/?mod=rss_WSJBlog&amp;mod=WSJ_NY_NY_Blog" target="_blank">disclose if any Clintons have ever been married on the property</a>. At any rate, tough times in the palatial Astor getaway market.</p>
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		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/12-million-astor-courts-man_0.jpg?w=300&h=199" />The broker trying to sell Rhinebeck's Astor Courts estate has had to knock $4.5 million off the asking price, the <em>Post</em> gleefully <a href="http://www.nypost.com/p/news/local/housing_bubba_bursts_SrwwnCVzjcB2ZT1nQLF3RK" target="_blank">reports</a> this morning.</p>
<p>The 50-acre property, which includes a Stanford White-designed Beaux-Arts mansion, hosted the Chelsea Clinton wedding in July and served as John Jacob Astor IV's weekend home. After the wedding, the asking price was raised from $13 million to $14 million. Now it's going to auction with a minimum bid of $7.5 million, which isn't really the same as a devaluation.</p>
<p>So has the 'Bubba' burst, as the headline declares? Well, the wedding was never going to help sell the place, as the <em>Post</em> itself <a href="http://www.nypost.com/p/pagesix/chelsea_wedding_house_ad_LhYGiZd4oMQq4B3CM0acWJ" target="_blank">reported</a> beforehand. But maybe this will lead to the development of some sort of registry where landlords are forced to <a href="http://blogs.wsj.com/metropolis/2010/09/15/scarlet-b-bedbug-disclosure-comes-to-new-york/?mod=rss_WSJBlog&amp;mod=WSJ_NY_NY_Blog" target="_blank">disclose if any Clintons have ever been married on the property</a>. At any rate, tough times in the palatial Astor getaway market.</p>
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