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	<title>Observer &#187; Fashion Kingpin Thierry Mugler Bids Goodbye To Chelsea Penthouse</title>
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		<title>Observer &#187; Fashion Kingpin Thierry Mugler Bids Goodbye To Chelsea Penthouse</title>
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		<title>Fashion Kingpin Thierry Mugler Bids Goodbye To Chelsea Penthouse</title>

		<comments>http://observer.com/2012/06/fashion-and-fragrance-kingpin-thierry-mugler-bids-goodbye-to-chelsea-penthouse/#comments</comments>
		<pubDate>Tue, 19 Jun 2012 14:14:13 -0400</pubDate>
					<link>http://observer.com/2012/06/fashion-and-fragrance-kingpin-thierry-mugler-bids-goodbye-to-chelsea-penthouse/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
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		<description><![CDATA[<p>Fashions, as they say, are fleeting. Today's darling is tomorrow's has-been, a fate that seems to have befallen <strong>Thierry Mugler's </strong>sprawling, 4,000 square-foot penthouse atop the Chelsea atelier.</p>
<p>Mr. Mugler, the muscle-bound designer and perfume prince, has sold his two bedroom, 2.5-bath condo at <strong>245 Seventh Avenue. </strong>The <em>pied-a-terre</em> fetched <strong>$7.89 </strong>million, a nice profit for Mr. Mugler, who picked it up for $4.5 million in 2005 (even if slightly under the $7.99 million ask). Mr. Mugler maintains a primary residence in Paris, naturally.<!--more--></p>
<p>The apartment is almost formidably fashionable, with lots of dark red accents and chic art beneath its lofty ceilings. A floating staircase rises from the big corner living room up to a conservatory—perfect for people watching. Other beautiful features include a bi-level terrace with a pergola, mature trees and a hot tub, according to the listing held by Sotheby's brokers <strong>Stephen McRae </strong>and <strong>Debbie Korb</strong>.</p>
<p>The apartment is full of sumptuous sounding woods (not surprising for a man who spends his career caring about materials). There is African mahogany in the library and pearwood in the kitchen. Windows are abundant, decadent, even. Perhaps it even smells faintly of one of Mr. Mugler's signature scents? Angel? Alien? A Men?</p>
<p>The buyer is <strong>High Five Holdings II</strong>, a limited-liability company that is as not as spotlight-loving as Mr. Mugler's designs.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>Fashions, as they say, are fleeting. Today's darling is tomorrow's has-been, a fate that seems to have befallen <strong>Thierry Mugler's </strong>sprawling, 4,000 square-foot penthouse atop the Chelsea atelier.</p>
<p>Mr. Mugler, the muscle-bound designer and perfume prince, has sold his two bedroom, 2.5-bath condo at <strong>245 Seventh Avenue. </strong>The <em>pied-a-terre</em> fetched <strong>$7.89 </strong>million, a nice profit for Mr. Mugler, who picked it up for $4.5 million in 2005 (even if slightly under the $7.99 million ask). Mr. Mugler maintains a primary residence in Paris, naturally.<!--more--></p>
<p>The apartment is almost formidably fashionable, with lots of dark red accents and chic art beneath its lofty ceilings. A floating staircase rises from the big corner living room up to a conservatory—perfect for people watching. Other beautiful features include a bi-level terrace with a pergola, mature trees and a hot tub, according to the listing held by Sotheby's brokers <strong>Stephen McRae </strong>and <strong>Debbie Korb</strong>.</p>
<p>The apartment is full of sumptuous sounding woods (not surprising for a man who spends his career caring about materials). There is African mahogany in the library and pearwood in the kitchen. Windows are abundant, decadent, even. Perhaps it even smells faintly of one of Mr. Mugler's signature scents? Angel? Alien? A Men?</p>
<p>The buyer is <strong>High Five Holdings II</strong>, a limited-liability company that is as not as spotlight-loving as Mr. Mugler's designs.</p>
<p><em>kvelsey@observer.com</em></p>
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