DickFuld

From the Real Estalker:
--A New York City townhouse rented by Kate Hudson is now for sale for $4.95 million. The listing is here.
--Christina Ricci's home in the Los Feliz area of Los Angeles is for sale for $1.549 million. The well-decorated home, shown above, is already listed as "looking for back up."

From the NY Post:
--Two new townhouses, which can be converted into one monster home, are hitting the market for a combined $33 million. The townhouses are currently under construction at 22-24 Downing St. in the West Village. Together they would form one 12,127-square-foot, 50-foot-wide, six-story home. The listing is here.
--A co-op at 640 Park Avenue belonging to retired financier Peter Smith is on the market for $26 million. Smith's residence is on the third floor of the 13-story building which has only 12 units. The listing is here.
--Last month, Dick Fuld, the former boss of Lehman Brothers, sold his apartment at 640 Park Ave., which closed for $25.87 million to Glenn Fuhrman, an art collector and co-founder of MSD Capital, Michael Dell's investment fund.
--Tuesday Weld's Montauk beach house has sold for nearly its latest asking price of $7.75 million. The home had been on the market for years but we only covered it as an estate of the day last month. The buyers of Weld's house are a finance family based in Manhattan.

--Rumor has it that the Corcoran Group listing brokers selling Bernie Madoff's Montauk beach house have pledged to donate their commissions to the victims of Madoff's fraud but the broker for the buyer, who works for a rival firm has apparently made no such promise.

From Cityfile's Buyers and Sellers:
--Former model and fashion designer Gail Elliott and her husband, Joe Coffey, have sold their condo at 40 Mercer. The buyers, club owner Bryant Yunker and his wife, paid $3.812 million.
--Seymour Zises, founder of the investment advisory firm Family Management, and his wife Cathy, have closed on the sale of their five-bedroom apartment at 1016 Fifth Avenue. It was listed for $10.95 million and sold to investor Paul Orlin for $8.9 million.
--via the Real Deal, British architect Lord Norman Foster has closed on the purchase of a second apartment at 912 Fifth Avenue. The eighth-floor pad, which Foster was first reported to be buying back in July, was bought for $6.7 million.
--via the Real Deal, Mark Brashear, who heads up Hugo Boss in the US, has paid $3.2 million for a 2,793-square-foot condo at 60 Beach Street in Tribeca.
--via Curbed, publishing entrepreneur Win McCormack has put his apartment at 170 East End Avenue on the market less than a year after he bought it for $8.75 million. The four-bedroom apartment with 1,600-square-foot terrace overlooking Gracie Mansion and the East River is currently listed for $10.5 million.
--Real estate investor Adam Gordon has dropped the price of his West 76th Street townhouse. It was listed at $25 million last November and is now listed for $23.5 million.
--Jewelry designer Lorraine Schwartz paid $4.7 million for a duplex at the Olympic Tower on Fifth Avenue.
--Steven Oesterle, a managing director at Giuliani Partners, and his wife Nancy, have sold their three-bedroom apartment at the Park Imperial on West 56th Street for $4.9 million.
--Developer Arthur Zeckendorf and his wife Connie have sold an apartment they owned at 524 East 72nd Street for $1.81 million, which is $1 million less than what it was listed for when it first went on the market for in August 2008.

From the NY Observer's Manhattan Transfers:
--Charles Schwab's small penthouse at 834 Fifth Avenue, which neighbors part of Rupert Murdoch's triplex is now available for around $14 million.
-- Media entrepreneur Clive Ng and his wife, ex-model Farrah Summerford, have put their 25-foot-wide townhouse at 20 East 10th Street on the market. The five-bedroom home is listed for $19.9 million.
--A third-floor, 14-room apartment at the Plaza which was to sell to Italian businessman Luigi Zunino for around $45 million now appears to be listed for $39 million. The huge L-shaped apartment includes former State Rooms which were used for private entertaining.
--The drama between Princess Firyal and the family of Lionel Pincus, a 78-year-old who's been legally incapacitated for three years continues. Mr. Pincus' two sons want to sell off their father's $50 million, 14-room duplex at the Pierre while the Princess says the she was promised the pad.

From Move Trends:
--A classic mid-century modern home designed by R.M. Schindler and used in the movie "Pineapple Express" is on sale in Glendale, California for $2.475 million. The listing is here.


From NOLA.com:
--Sandra Bullock has purchased a historic home in the Garden District of New Orleans, Lousiana from entrepreneur John Russell Lee Sr., whose I CAN Learn educational software was at the center of the Mose Jefferson trial. The 1876 home is near properties owned by John Goodman and Nicolas Cage and the home previously owned by writer Anne Rice. It sold in June for $2.25 million in cash to Big Easy Bebe LLC, which was incorporated a few days earlier by John Chamblee, a lawyer from Austin, Texas, who has represented Bullock in other real estate transactions.

From a reader tip (thanks, Patrick)
--A Houston estate that we covered in 2007 when it was listed at $19.9 million has had a huge price chop and is now listed at $9.5 million.

From Homes of the Rich:
--The businessman who bought the most expensive Yankees seats, has been charged with mortgage fraud. His New Jersey house just hit the market for $7.99 million.

From AOL Real Estate:
Most Underwater Cities/Cities With the Most Debt
Save These Old Homes for Less Than $1

From the WSJ's Private Properties:
--The 4.7-acre estate of American novelist William Styron is on the market in Roxbury, Connecticut. We'll check it out later as our estate of the day.
--Psychiatrist and television personality Dr. Daniel G. Amen has cut the asking price of his Newport Beach, California house, shown above, to $3.79 million. Dr. Amen bought the 6,000-square-foot home in 2005 for $2.85 million. The listing is here.
--Former Lehman chief Dick Fuld quietly put his 6,200-square-foot co-op at 640 Park Avenue on the market for $32 million earlier this week but by the end of the week he changed his mind and decided not to sell.

From The Telegraph:
--Phil Neville, the former England soccer player, has sold his Versace-themed home in Lancashire for nearly £1.5 million less than the initial asking price. A photo gallery is here.

From Cityfile's Buyers and Sellers:
--via NY Mag Sally Quinn and Ben Bradlee have put Grey Gardens, their famous East Hampton mansion for rent this summer. The six-bedroom house is available from August 28 to Labor Day for $30,000.
--Andy Warhol muse Jane Holzer sold her apartment at 23 East 74th Street for $14.1 million to Wear Me Apparel president Jason Rabin and his wife Nicole. The apartment was originally listed for $22.5 million last year.
--Gossip Girl co–executive producer Joshua Safran has put his one-bedroom loft at 77 White Street on the market for $2.295 million. The listing is here.
--via NY Mag, actress Emily Mortimer and her husband, Alessandro Nivola, have paid $980,000 for a four-bedroom farmhouse in Amagansett.
--Guy Metcalfe, co-head of Morgan Stanley's real estate investment banking group, has sold his second-floor apartment at 15 Central Park West, which he purchased for $9.35 million in October. He had first re-listed for $16.5 million but eventually settled for $11 million.
--via Curbed, a three-story townhouse that belonged to the late activist Jane Jacobs is on the market for $3.5 million. The listing is here.
--Two Trees Farm, the 115-acre Bridgehampton estate with two houses, three barns, two polo fields, two indoor riding arenas, a pool and a tennis court has had a $20 million, down to $75 million for the entire estate or $20 million for the Gin Lane house by itself.
--Doug Griebel, co-founder and president of the Rosa Mexicano restaurant chain, paid $1.9 million for an apartment at The Bromley.
--Marc Juris, executive vice president and general manager of truTV has paid $2.8 million for a condo at 133 West 22nd Street.
David Godbout, a managing partner at Ceres Realty Fund, has put his loft at 139 West 19th Street on the market for $3.995 million. The listing is here.
--Lee Neibart, CEO of Apollo's AREA Property Partners, has gone into contract to sell his 16th-floor condo at 15 Central Park West. The three-bedroom apartment, which Neibart and his wife Joyce bought for $7 million in January was listed at $8.2 million.
--Carlos Alejandro Pérez Dávila, an heir to one of the richest families in Latin America sold his four-story townhouse at 176 East 75th Street. The 5,800-square-foot mansion, which had been listed for $10.9 million, was purchased by Keith Meister, the son of tycoon Robert Meister, for $8.6 million.
--Bella Sapir, the ex-wife of billionaire Tamir Sapir has sold the penthouse at 250 East 53rd Street that she bought for $8.895 million in November 2008 for $10.5 million.
--Columbia Law professor Hans Smit has lowered the price of his 12,000-square-foot townhouse at 351 Riverside Drive. It first hit the market for $31 million back in 2006. The mansion, which Smit bought for just $325,000 back in 1979, is now listed for $25 million. The listing is here.

From The Real Estalker:
--Former Lehman exec Joseph Gregory has reduced the price on his Hamptons home to $27.9 million. It was listed at $32.5 million when it was our estate of the day last September.
--Ben Stiller may be getting ready to put his Los Angeles home on the market with a price around $12 million.
Real estate developer Robert Bisno has sold a six-acre plot in Beverly Hills for $8.25 million. The buyer is believed to be Mark Wahlberg.
--Producer Gary Barber has paid $17,350,613 for an oceanfront compound in LA Jolla, California.


From the LA Times Hot Properties:
--Reality TV show daughters Vanessa and Angela Simmons plan to live in and film their spinoff, 'Daddy's Girls,' in a Beverly Hills Post Office-area house they are renting for about $10,000 a month.
--The Hollywood Hills compound of biographer J. Randy Taraborrelli has sold for $3.1 million.
--A Spanish villa in Los Angeles that movie legends Carole Lombard and William Powell once called home has been listed at $1.395 million. The listing is here.
--Scary Movie writer Aaron Seltzer has put his Studio City home on the market, we'll look at this one as an estate of the day on Monday.

The fallout from the big spenders that were part of Lehman Brothers continues. Blogging Stocks leads us to an article in the Wall Street Journal on the art sales of chairman and CEO Dick Fuld. Fuld and his wife Kathy have been avid collectors of modern art for years. Now some of their collection will be sold at Christie's as part of their modern art sale on November 12, during the New York fall auction season.

The piece above "Study for Agony I" by Arshile Gorky is one of 16 postwar drawings owned by the Fulds that have been consigned. It is estimated at $2.8 million. The estimated total is between $15 and $20 million and the WSJ reports that the sale is guaranteed meaning that the Fulds will receive money whether the pieces sell during the auction or not.

Fuld's net worth has fallen along with Lehman's stock prices but his savvy collector wife might be bringing him a nice profit. Kathy Fuld is a a longtime collector and Museum of Modern Art trustee with an eye for the undervalued pieces. A piece the couple is selling Willem de Kooning's 'Woman' is estimated to bring in up to $4 million at Christie's in November and sold for half that in 2001.

Don't feel too sorry for the Fulds they still have enough art to fill their homes which include a Greenwich, Connecticut mansion, a Park Avenue co-op and a Sun Valley, Idaho vacation home.