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Art dealer’s widow sells Hamptons home asking $42M

Anonymous buyer in contract to buy Southampton pad with ocean frontage

Art Dealer’s Widow Sells Hampton Home Asking $42M

A photo illustration of 140 Murray Place in Southampton (Getty, HamptonsRE)

A year after putting it on the market, the widow of a famed art dealer appears poised to unload her oceanfront home in Southampton.

An anonymous buyer is in contract to purchase the Hamptons estate at 140 Murray Place, which was most recently listed for $41.9 million, Behind the Hedges reported. The purchase price won’t be certain until the sale closes; if the listing price matches the purchase price, the deal works out to just over $5,200 per square foot.

A company tied to Susan Lloyd, the widow of Vienna-born art dealer Frank Lloyd, listed the property last July for $45 million. The company behind the listing purchased the property in 1997 for $6.5 million.

The estate spans more than two and a half acres, banking the ocean. The 8,000-square-foot, six-bedroom house was built in the contemporary style in 1992.

One of the property’s main calling cards is the 190 feet of Atlantic Ocean frontage along the beach, as well as a private boardwalk to provide the path to the beach. The grounds also include a heated pool and a clay tennis court. 

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Bespoke Real Estate had the listing.

Frank Lloyd was the co-founder of Marlborough Galleries, but became infamous for his involvement in the Rothko art scandal, which included being convicted of tampering with evidence. Frank died a year after he and his wife purchased the Hamptons property.

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The year’s top deal in the Hamptons was more than double the deal for the Murray Place estate, a January $91.5 million off-market sale in East Hampton.

That deal was followed by Lasata, the name for the East Hampton estate at 121 Further Lane where Jackie Kennedy Onassis’ childhood summer home, sold in August for $52 million. Peloton founder John Foley in the spring sold his estate at 442 Further Lane in East Hampton for $51 million. 

— Holden Walter-Warner

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Long IslandLuxury Real EstateSouthamptonThe Hamptons