Ian Schrager once gave away a Basquiat

Miami /
Jun.June 12, 2017 10:30 AM

From TRD New York: As the co-founder of Studio 54, Ian Schrager came into contact with a good deal of famous and successful people. One of those people, it seems, was the artist Jean Michel Basquiat, whose painting just sold at auction for $110 million to a Japanese billionaire.

That painting, however, was not owned by Schrager, who tells the New York Times in a new interview that Basquiat once gave him a study of a painting he was working on, and that Schrager in turn “gave it to a girl.” Whoops.

The hotelier, whose new Public hotel is opening soon on Manhattan’s Lower East Side, also said he thinks the “hotel industry is in denial about Airbnb” and that he’s working against that by offering his hotel patrons a strong “social community space” since Airbnb can’t do that.

Other little facts from the piece include Schrager’s insecurity about his popularity. “I still think I’m going to throw a party and nobody’s coming.”

And there’s also the revelation that he’s still shaken up about his conviction for tax evasion (he was fully pardoned by President Obama earlier this year). “People say, ‘Why did you get the pardon?’ I was embarrassed for my kids. Doing a big financing now, you have to write that thing whether you’ve been convicted of a crime. It’s still an embarrassing thing for me.” [NYT] – Isabel Schwab


Related Articles

arrow_forward_ios
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
Alta Developers’ Raimundo Onetto in front of the development site (Google Maps)
Heading south: Alta buys dev site for apartment complex near Homestead
Heading south: Alta buys dev site for apartment complex near Homestead
Grant Cardone and a rendering of LAs Olas Walk (Cardone Capital, ZOM/McNeal Realty)
Grant Cardone to buy $750M in SoFla apartments
Grant Cardone to buy $750M in SoFla apartments
The current building on Dania Beach (Google Maps)
Shuttered Dania Beach waterfront restaurant could get new life as Lucky Fish
Shuttered Dania Beach waterfront restaurant could get new life as Lucky Fish
Jungle Island owner sells Jupiter office building to New York self storage firm for $12M
Jungle Island owner sells Jupiter office building to New York self storage firm for $12M
Jungle Island owner sells Jupiter office building to New York self storage firm for $12M
arrow_forward_ios

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

Loading...