High Art

In April 2004, gallery owner Barbara Gladstone signed a contract at Richard Meier’s latest residential project, 165 Charles Street, as reported a few months later by New York magazine. Well, the deal finally closed earlier this month for $4.75 million, according to deed transfer records. (Ms. Gladstone is in Europe and could not be reached for comment.

After the success of Mr. Meier’s two Perry Street condominiums, the 16-story glass and white metal tower under construction near the Hudson River has been watched closely in both real-estate and art world circles. The latter can be attributed to the sleek design, and possibly because the building included its own curator, Lehman Maupin Gallery. Larry Gagosian even dropped by a reception in one of the sample apartments, as Artforum reported.

Ms. Gladstone is not the first art world big shot to grab a pre-construction deal. Magazine publisher Louise T. Blouin MacBain reportedly signed a contract for the $20 million duplex penthouse. Incidentally, that’s over $4,500 per square-foot. Formerly head of Phillips, de Pury and Company, Ms. MacBain owns industry standards, including Art & Auction, Modern Painters, and Gallery Guide.

-Michael Calderone High Art