By Kim Velsey 3/29 8:53pm

Stratospheric Sales

But is it art?

This Apartment Is Art, And Other Specious Claims to Justify Exorbitant Asking Prices

Today, the Pierre penthouse—what may well be the most lavish penthouse in all of New York—officially hit the market for $125 million—which is definitely the most lavish asking price in all of New York. It is also a full $55 million more than the penthouse was asking (and not getting) in 2007. But it’s art, you see.

“Because this is a one-of-a-kind penthouse, it was hard to set a price because nothing really compares. I think of it, and I believe the buyer will see it, as a work of art,” Sotheby’s broker Elizabeth Lee Sample told The New York Times, which reported the listing this morning. Read More

By Staff 4/11/06 12:20pm

At The Pierre: Only $35 M

Everyone knows that Manhattan’s most expensive apartment is still Martin Zweig’s $70 million penthouse at The Pierre. Of course, it hasn’t moved in quite a while.

Now, a very wealthy buyer can purchase an apartment at The Pierre for half that price. A nine-room apartment has just hit the market at Read More