Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Gagosian Buys Flowers NY House

August 18, 2011 by Marion Maneker

Not long ago, Larry Gagosian bought Gary Cooper’s old house in Los Angeles. J. Christopher Flowers, the private equity investor in banks, isn’t quite as glamorous as Cooper but his ill-fated Upper East Side private home is. The mansion was once owned by Jacqui Safra who sold it to Flowers for $53m. Flowers subsequently got divorced and decided to take a loss on the property. Enter Gagosian. The New York Post says that he just bought the place:

Gagosian has just closed on the HarknessMansion, the more than 20,000-square-foot townhouse at 4 E. 75th St., for $36.5 million. That might sound like a high price, but it’s actually a stunning $16.5 million less than what private equity titan J. Christopher Flowers paid for the 50-foot-wide townhouse in 2006.

Art of the Deal (NY Post)

More from Art Market Monitor

  • Gagosian’s First Online ‘Spotlight’ Series Closes After Big Sales as Dealer Looks to Expand in FutureGagosian’s First Online ‘Spotlight’ Series Closes After Big Sales as Dealer Looks to Expand in Future
  • London’s $75m Man, Brice Marden at GagosianLondon’s $75m Man, Brice Marden at Gagosian
  • Brillo Box (3¢ Off): A Documentary About Art CollectingBrillo Box (3¢ Off): A Documentary About Art Collecting
  • Perelman’s Fraud Claim Against Gagosian Will Get Day In CourtPerelman’s Fraud Claim Against Gagosian Will Get Day In Court
  • Gagosian’s Show of Force at ArtRioGagosian’s Show of Force at ArtRio
  • When Kiefer’s Goes Behind Your BackWhen Kiefer’s Goes Behind Your Back

Filed Under: Dealers Tagged With: Gagosian

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Phillips to Showcase Helen Frankenthaler at Southampton Outpost
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Christie's Announces $70m Picasso Self Portrait
  • Tony Podesta's Secret Art Buying
  • When a Loss is Really a Profit
  • Rare Himalaya Hermès Birkin Offered by Christie’s Private Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor