A 13-year-old forgery ring busted in France, a ten-year restitution debate resolved, and the 400-year-old mystery of the Medicis’ death solved. This week in art news: It’s about time.
1. Brits Fight for Arts Funding
British art-world heavyweights have begun a letter-writing campaign to the government protesting proposed budget cuts Read More
This week’s Observer checked in on last year’s most lush listings: Of the 10 New York properties that were asking over $45 million in late 2008, only one has sold, and half have fallen off the market without a sale. “The timing was not good, so I didn’t get any offers,” said Victoria Shtainer, Read More
When the domed duplex penthouse at 285 Central Park West came on the market 15 months ago, the asking price was $16.5 million. Less than three weeks later the tag was down to $14.5 million, according to the listings Web site StreetEasy, which became $12,999,000 in September, $11.7 million in October, and then Read More
It’s almost impossible to exaggerate the wild absurdity of high-end Manhattan real estate: On any given day, the price of one five-floor penthouse will be lowered to $27.9 million (even if its original price was twice as high), while the tag for an equally glam penthouse will be hiked from $25 million Read More
Editor’s note: Cold Case is a new feature on the fates of New York’s oldest residential real estate listings.
It’s hard out there for luxury watch moguls with luxury Park Avenue townhouses. Benny Shabtai, the Raymond Weil executive, first put his 13-room townhouse at 870 Park Avenue on the market back in February 2004, Read More
