Lifestyles of the Rich and Famous
The opening shots of Park Avenue: Money, Power and The American Dream show the famed avenue in all its moneyed glory: idling Mercedes, impeccably coiffed society women and stern limestone facades with white-gloved doormen stationed outside like sentries. It is a vision so lofty that it is almost otherworldly—can the vast majority of Americans even conjure this up as the apex of the American dream, let alone attain it?
It’s a question that director Alex Gibney revisits repeatedly in his documentary about the growing gulf between the rich and poor and how that gulf has been widened by the political manipulations of the country’s wealthiest citizens.
Rejoice all ye house hunters looking in the $50 million and above range!
For a while, it seemed that all hope was lost, what with the disappearance of the Courtney Sale Ross mammoth at 740 Park, the Teddy Forstmann whopper at 2 East 70th Street and the $77.5 million Ritz-Carlton throne. But praise be, there’s a new $50 million co-op apartment on the market.
The owners of a floor-through apartment at the hoity-toity 944 Fifth Avenue (the staff members actually wear white gloves, reports The New York Times, who first wrote about the listing), have listed their six-bedroom apartment. The apartment is located on a high floor above the tree line. The listing doesn’t actually mention which high floor—how discreet!—but a little sleuthing reveals that the apartment is almost certainly on the eleventh floor.
For those in the know—and with Scrooge McDuck quantities of money piled high in their private vaults—Courtney Sale Ross’ apartment at 740 Park has been sitting quietly on the market for the past several years. Abandoning the whispering tactic, the listing for Ms. Sale Ross’ home has hit the open with a resounding boom. It is still seeking the same $60 million it has been since 2008, changing times be damned.
The listing went public yesterday, and the thirty room duplex has our mouths watering. Kathy Sloane of Brown Harris Stevens, the broker representing Ms. Sale Ross, takes full advantage of the building’s pedigree in her listing.
Unreal Estate! The 740 Park spread of alleged Madoff enabler Ezra Read More
Not that there are swarms of highly-qualified co-op buyers running around the Upper East Side with money to spend on 32-room duplexes, but, just in case, there’s some good news about one of the heftiest homes in New York City.
After Michael Gross, who literally wrote the book on 740 Park, reported that Read More
Forget the Plaza duplex that Tommy Hilfiger put on the market for $50 million, and the $46.5 million Kress family’s penthouse, and Brooke Astor’s $46 million co-op, and the duplex that zinc magnate Bill Flaherty is listing for $43 million.
A source told The Observer yesterday evening that the Read More
Each absurdly wealthy family is absurdly wealthy in its own way.Take Ira Rennert, who parlayed junk bonds and Hummer uber-vehicles into a slot (#891) on the list of the world’s billionaires, not to mention an oceanic estate in the Hamptons (and, farther away, an equally-sized smelting plant in Peru, and a Read More
Oh, Ira Rennert! What a guy.
I wrote last month that the man who has an $185 million Hamptons compound and a few massive smelting plants in Peru and Missouri (plus, of course, a billion-dollar fortune from junk bonds and Hummer vehicles) had bought two $30 million-plus apartments for his two daughters.
This Read More
In the midst of the worst economic crisis in six decades (according to George Soros), the tip-top of Manhattan’s high-end did awfully well yesterday.
A source said that the 17-room, seven-bedroom duplex penthouse at 1060 Fifth Avenue closed for $46 million, as The Observer had promised. The insane catch is that the Read More