Making money really is art: Warhol haunt trades for $5.5M

New York /
Sep.September 18, 2013 05:38 PM

Proving yet again that being good in business is the most fascinating kind of art — as Andy Warhol once quipped — an Upper East Side townhouse once belonging to the king of Pop Art has sold for $5.5 million.

The most recent owners of the four-bedroom home at 1342 Lexington Avenue owned the home for a mere two years, after buying it for $3.5 million in 2011.

“The value of a home with such history is just unbeatable,” Liz Chiang, the Halstead Property broker who represented the unnamed buyer, told the New York Daily News. Glenn Minnick and Jeannette Bernstein of Brown Harris Stevens represented the seller.

Warhol lived in the home from 1950 to 1974, during which time he turned out his famous Marilyn Monroe and Mao Zedong silkscreens. The home was designed by Henry Hardenberg, Also Behind The Plaza Hotel and the Dakota co-ops. [NYDN]Julie Strickland


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Luxury real estate anyone? US Open stars and their palatial pads
Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

Lena Dunham’s “massive real estate mistake”
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
532 West 22nd Street and Kate Winslet (Google Maps; Getty)

Kate Winslet letting go of Chelsea penthouse

Kate Winslet letting go of Chelsea penthouse
Marilyn Monroe and Arthur Miller’s windmill house hideaway asks $12M

Marilyn Monroe and Arthur Miller’s windmill house hideaway asks $12M

Marilyn Monroe and Arthur Miller’s windmill house hideaway asks $12M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Ryan Seacrest and 1196 Cabrillo Drive (Getty)

Ryan Seacrest asks $85M for Beverly Hills home

Ryan Seacrest asks $85M for Beverly Hills home
John Wayne and the Riverside County ranch (Getty; Land and Farm)

John Wayne’s former Riverside County ranch relists for $8M

John Wayne’s former Riverside County ranch relists for $8M
arrow_forward_ios

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

Loading...