Apartment 2220 at Philippe Starck-designed 15 Broad Street was up for auction through real estate auction Web site Bid on the City yesterday. But as Lower Manhattan real estate blog Downtowny reported, the property saw no bids and failed to sell. The 2,256-square-foot, three-bedroom unit is listed on Streeteasy.com for $1.75 million and was last sold in July 2006 for about $1.9 million. A number of other units in 15 Broad Street are listed on Streeteasy.com for over $1.75 million. [more]

From the July issue: No one personified the excesses of mid-2000s New York City quite like Michael Shvo. The slick-haired Israeli émigré burst onto the real estate scene in 1998, an audacious 20-something who quickly climbed the ranks of Manhattan’s biggest sales firms before starting his own, self-titled new development marketing company. Famous for his bad-boy antics, celebrity-studded parties and inspired collaborations with the likes of Philippe Starck, Giorgio Armani and Jade Jagger, Shvo became synonymous with the over-the-top condo amenities — and prices — of the era. Much like the New York City condo market, Shvo’s rise has been followed
by an equally spectacular fall. The credit crisis has turned once
sought-after new condos into the black sheep of the real estate
industry, and the few buyers who are still looking at new construction
seem to care only about getting a good deal. Celebrity connections and
glamorous “lifestyle” amenities are now, as it were, out of vogue. [more]