The week’s Impressionist and modern evening sales ended last night with a respectable auction at Sotheby’s that brought in $290.2 million, besting the $144.3 million that Christie’s garnered at its lackluster sale the previous night.
“That’s Chanel, and it only works with leather leggings,” interior decorator Kate de Brienne whispered skeptically to her handler, in reference to a passing demoiselle who had just entered the “Take Home a Nude” benefit at Sotheby’s. Shindigger noticed that Ms. de Brienne had eschewed Chanel—the headlining sponsor of the affair—for look No. 40 from Christian Dior’s autumn 2013 collection.
Activities around the sculpture included but were not limited to: some dude showing up with a hammer and chisel and being chased from the vicinity; the cops showing up to survey the scene; Mr. Garcia moving the sculpture to a more secluded spot behind a tractor trailer; some people scrambling and fighting to collect the remaining loose fragments of the sculpture. Read More
Isn't that Rich?
Eagles bassist and singer Timothy B. Schmit was just given a clean bill of health after a throat and neck cancer scare, and what better way to celebrate than by buying a condo on the Upper West Side? The Schmit Family Trust Dated May 18, 1994 (these lawyers really do have a way with words) just picked up a two-bedroom apartment near Lincoln Square, according to city records.
A number of years back, I attended a dinner in one of New York City’s legendary apartment buildings, hosted by a now-divorced art-collecting couple. I was seated between a mogul’s wife and an actress known for her lewd mouth, wearing couture but desperately in need of a bath. The conversation turned to art collecting, one of the Upper East Side’s most popular topics after real estate and renovations.
Leon Patitsas is no Aristotle Onassis, but that doesn’t mean the Greek shipowner can’t get a small slice of Manhattan of his own. The London-born scion of the prominent Hellenic shipping family (no self-respecting shipping scion, after all, would deign to be birthed in his ethnic homeland) just picked up a loft at 459 West Broadway. Read More
There is a Jewish renewal in our lives, and two idiosyncratic instances occurred right here in this city in recent days.
The first was a Sotheby’s auction of the 386-item Judaica collection painstakingly assembled over the years by Michael and Judy Steinhardt, probably the most imaginative Jewish philanthropists of the age. Now, a Read More
Materially speaking, Jermaine “Jay” Morrison wasn’t born with much. He had brains and personality, and his circumstances gave him drive. “We were really, really, really poor,” the New Jersey real estate broker told The Observer. “Shit was hard. Really, really, really hard.”
Growing up in Somerville, N.J., he could see just two ways out: one was crack, the other was cocaine, and at various times he tried selling both. At age 16, Mr. Morrison started peddling drugs, and soon discovered he had a knack for sales—to the tune of $100,000 a year, he claims.
“I would be on the street all night until 4 a.m.,” he told The Observer. “I remember, it was Christmastime and it was really cold outside. Slowly, every other guy would leave, until it was 3 in the morning and I was the last guy in the corner. I got all the business.”
The more you poke into gas giant Chesapeake CEO, the more foul odor emerges. There’s a sad inevitability to the news that a lifeline to foundering law firm Dewey & LeBouef was withdrawn. It’s a good day for Carlyle’s founders, even if they didn’t get their price and an Obama donor offers a revealing anecdote about how the rich see themselves. Read about it in our morning Wall Street roundup.
Bad gas: From 2004 to 2008, Chesapeake Energy CEO Aubrey McClendon ran a private hedge fund that traded the same commodities that Chesapeake produced, according to Reuters. The $200 million fund listed Chesapeake’s Oklahoma City HQ as its mailing address, and employed an accountant who was also on staff at the natural gas powerhouse. Marketing the fund, we expect, was a breeze.
McClendon addressed media for the first time since he was stripped of his chairmanship, but wouldn’t discuss reported conflicts of interest: “Your mother told you not to believe everything you read or hear for good reason,” he said.
One moment please, to admire the late-buyout king’s impeccable taste. Forstmann, “Teddy” to the tabloids, who passed away in November, was known as a disdainer of junk bonds, adopter of orphans, squire to Princess Diana and Padma Lakshmi, Giving Pledge signatory, possessor of high-class tennis game, a man who, late in life, counted Roger Federer as a friend and Michael Ovitz as an adversary.