Picasso’s granddaughter pays $8.2M for Chelsea pad

New York /
Aug.August 30, 2013 11:32 AM

The granddaughter of Pablo Picasso has paid $8.2 million for a condominium at 200 11th Avenue in West Chelsea, city records show. Diana Widmaier-Picasso, whose grandmother was Picasso’s “Guernica” muse Marie-Thérèse, bought the apartment from Riverview 11, an LLC that paid $6 million for the property in 2010.

Widmaier-Picasso could not be reached immediately for comment. The 2,391-square-foot duplex unit has three bedrooms and three bathrooms and boasts sweeping views of Chelsea Cove and Hudson River Park. Two other features: a private elevator and a sky garage, the first of its kind in the city.

The apartment was being offered as a rental at $25,000 per month, according to StreetEasy; Sotheby’s International Realty’s Torsten Krines had both the rental and sales listing.

“It’s a very unique building that attracts unique people,” Krines told The Real Deal, adding that since the building had only 15 units and resales were rare, the deal brought in a high price per square foot of about $3,400.

Douglas Elliman’s Herve Senequier and Leonard Steinberg had the sales listing in 2010. Neither broker could be immediately reached for comment.

A trained art historian, Widmaier-Picasso has been working on a new inventory of Picasso’s sculptures that could spike prices and add tens of millions of dollars to the ultra-exclusive Picasso market, as the Wall Street Journal reported.


Related Articles

arrow_forward_ios
Sotheby’s, Realogy make winning bid for Concierge Auctions
Sotheby’s, Realogy make winning bid for Concierge Auctions
Sotheby’s, Realogy make winning bid for Concierge Auctions
90 Jule Pond Drive (Sotheby’s International Realty)
Hamptons estate asking $145M under contract, may set record
Hamptons estate asking $145M under contract, may set record
90 Jule Pond Drive is on t he market for $145 million (Sotheby’s International Realty)
$145M Hamptons estate languishes on market amid surging demand
$145M Hamptons estate languishes on market amid surging demand
Check out this Destin pad in the latest episode of Quarantine Cribs
Check out this Destin pad in the latest episode of Quarantine Cribs
Check out this Destin pad in the latest episode of Quarantine Cribs
Sotheby’s CEO Charles Stewart and 1334 York Avenue (Sotheby's; Google Maps)
Sotheby’s gets $483M loan for its UES headquarters
Sotheby’s gets $483M loan for its UES headquarters
From left: Chris Poore, Kathryn Steinberg, Armin Allen and Caroline Guthrie (Getty, BHS)
Sotheby’s Chris Poore jumps to BHS
Sotheby’s Chris Poore jumps to BHS
Sotheby’s CEO Philip White and McGuire CEO Charles Moore
Sotheby’s International acquires Bay Area mainstay McGuire Realty
Sotheby’s International acquires Bay Area mainstay McGuire Realty
Clockwise from top left: Former rail tycoon James Evans' waterfront estate in East Hampton lists for $60M, Water Mill waterfront home sees price dip below $18M, a modern Sagaponack home hits the market at $9.5M and East Hampton's "White House" gets a $3M price cut.
Former RKF chief appears in Southampton court, Water Mill waterfront home’s price drops below $18M & more Hamptons real estate news
Former RKF chief appears in Southampton court, Water Mill waterfront home’s price drops below $18M & more Hamptons real estate news
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...