Shelving Trophies

On Monday, the rare-maps dealer W. Graham Arader III was in the passenger seat of his black Mercedes SUV, thinking about all the wealthy people who have not bought his 12,000-square-foot, 22-room, 10-bedroom townhouse at 1016 Madison Avenue. “People have been clubbed to death by recent events,” he said. “The seals in Alaska had it Read More

Mayor’s Next-Door Neighbor Chops Mansion Tag to $65 M.

In February, when an investor who made his fortune in Israeli medical devices put his 15 Central Park West penthouse back on the market at $47.5 million, down from his original $80 million tag, the price slash was probably the most grotesque New York will ever see.

But cuts nearly as monstrous have followed. Read More