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Buyers Bounce to Beach, ArtHamptons Flops

Filed under: Events, Art

The artists are blaming the weather. Despite the fact that we're in a pretty nasty art slump, the optimistic believe that three days of sunshine lured potential art buyers to the beach instead of the ArtHamptons fair in Bridgehampton, Long Island this weekend. Purchases were made, but in general, they were disappointing. Realistically, the sales made sense, given what we've seen at auction over the past year.

Several celebrities did attend the art fair, but they brought little excitement, it seems, beyond their appearances. Jon Bon Jovi, personalities from The Real Housewives of New York City, Kelsey Grammer and Russell Simmons were all spotted, but Bloomberg didn't report any purchases.

The biggest name at the ArtHamptons fair, of course, was Michael Jackson – a creation by Andy Warhol. Originally, Vered Gallery had hoped to sell it via silent auction, but the gallery yanked the portrait late last week ... claiming that collectors were looking at the piece but "needed more time to assess the value."

Or, maybe they were just at the beach, like everyone else, apparently.

Sunday Real Estate Round-Up, 05/10/09

Filed under: Estates, Celebrity Shopping


From the Wall Street Journal's Private Properties:
--Investor Stanley Chais, who funneled funds to Bernard Madoff, has cut the price of his condo in the celeb-friendly Sierra Towers condominium complex in West Hollywood by 15 percent, to $4 million, less than the $4.4 million he paid for the condo, shown above, in 2007. The property website is here.
--Kelsey Grammer has sold a Los Angeles house for $3.3 million which is 19 percent less than he paid for it in 2007. He has leased the seven bedroom home in Holmby Hills, California that we checked out in 2008 when it was listed at $19.9 million.
--Tom DeLonge of the band Blink-182 has relisted his San Diego-area home for $5.1 million. He bought the home for $5.5 million in 2005 and spent another million on renovations. The couple first listed the house for $6.25 million in 2007.

From Berg Properties Big Time Listings:
--Singer Rupert Holmes' (The Pina Colada song) house in Scarsdale, New York is listed for $1.387 million. Holmes has purchased a house in Cold Spring, NY for $860,000.
--Actor Monte Markham has placed his four-bedroom house in Malibu on the market for $1.129 million.
--Actress, voice actress and singer Elizabeth Daily has put a six-bedroom home in the Hollywood Hills on the market for $2,499,999.
--Paris Hilton's uncle Steven Hilton has put a Malibu home up for sale. We'll check it out later today as our estate of the day.

From the Real Estalker:
--A home in Los Angeles which was once rented by Rihanna is on the market for $2.949 million. The listing is here.
--Model Shannan Click has listed a home in Los Angeles for $2.146 million. The listing is here.
--The creator of "The L Word" Ilene Chaiken has listed her Los Angeles home for $2.195 million. The listing is here.

From the NY Post's Gimme Shelter:
--Kelly Killoren Bensimon from "The Real Housewives of New York City" has put her Hamptons home up for rent for $295,000 for the summer season. It was listed for sale for $14.5 million when it was our estate of the day.
--Anne Hathaway is living in the Avalon Bowery rental complex, where one-bedrooms start around $4,000 per month and two-bedrooms around $5,500.
--Isabel Rose, a TriBeCa mom and author with family money, is the purchaser of Stone Meadow Farm in East Hampton. She paid $12.5 million for the home which Mariah Carey rented last summer. It was listed at $19.95 million when it was our estate of the day.
The 15.4-acre Southampton estate of the late Howard Gittis is back on the market for $45 million, down from its $59 million asking price in December 2007.

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Sunday Real Estate Round-Up, 03/01/09

Filed under: Estates, Celebrity Shopping


From Move Trends:
--You can rent the home once rented by Tom Cruise and Katie Holmes for $100,000 a month. The listing is here.
--Katherine Heigl is trying her hand at selling her house, shown above, again. The home was listed last summer for $1.75 million and is now listed at $1.595 million.

From the LA Times Hot Property:
--"ER" actress Maura Tierney has listed her Los Angeles home for $2.195 million. The listing is here.
--The Toluca Lake home of actor Alan Thicke is for lease at $15,000 a month. The listing is here.
--Screenwriter turned art gallery owner Laurie Frank has put her Hollywood Hills home on the market for $1.495 million. The listing is here.
--Former football player Brian Bosworth has listed has listed his seven-bedroom Malibu home for $8.995 million. The listing is here.
--Emmy award-winning writer and television show creator Gary David Goldberg has listed his eight-bedroom Brentwood home for $19.95 million. The listing is here.
--London rapper and mixed martial arts fighter Mams Taylor has listed his Beverly Hills home for $9.95 million. The listing is here.
--Kirsten Kemp Becker, host of TLC's series "Hope for Your Home" and "Property Ladder" has listed her Montecito estate at $5.195 million. She has renovated the eight bedroom home which sits on 1.71 acres. The listing is here.
--Actress Natasha Henstridge has put her five-bedroom home in Sherman Oaks, California on the market for $1.75 million.

From the Wall Street Journal's Private Properties:
--Former Japanese soccer star Hidetoshi Nakata has cut the price of the apartment building he owns in New York City. The price for 43 Crosby is now $15 million. Last year, he was asking $22 million for the freshly renovated building which includes three floor through apartments, a duplex penthouse plus a ground floor/basement retail. The listing is here.
--Iceland has put four of its ambassadorial residences up for sale. We'll check out the Washington DC ambassadorial residence Monday as an estate of the day.


From the NY Post's Gimme Shelter:
--Danny Errico, the co-founder of Equinox gyms, has sold his home in Amagansett, New York for $11.895 million. His asking price was $14.995 million.
--Sir Alex Ferguson, manager of England's Manchester United soccer team, may be trying to back out of purchasing a penthouse at the Manhattan House development on East 66th Street.
--Richard and Cherylyn Cieri closed on their Manhattan House penthouse purchase for close to $8 million.
--Financier Stephen Benson has reduced the asking price on his Park Avenue apartment again. He originally wanted $13 million for the two-bedroom residence at 885 Park Ave. but is now asking $8.25 million. The listing is here.

From the NY Observer's Manhattan Transfers:
--Financier J. Christopher Flowers has put the Harkness mansion, which he bought in 2006, on the market for $49.95 million. He reportedly also spent millions on renovations.
--Aby Rosen's $75 million listing at 22 East 71st Street will be the site of the 37th annual Decorator Show House to be held this April and May. Rosen reports that he has received two offers above $60 million for it. Rosen paid $15.65 million for the house in August 2004 but isn't interested in cutting the price. We covered this home as an estate of the day last November.

From the Real Estalker:
--Moby and Stacey Bendet are leasing their Hollywood Hills home for $15,000 a month.
--Adam Levine of the band Maroon 5 has put his Los Angeles home up for rent for $10,000 a month. The listing is here.
The Castillo del Lago mansion in the Hollywood Hills is rumored to be soon to hit the market. The home was once owned by Madonna.
Last year, Los Angeles real estate agent Kurt Rappaport paid $15.99 million for a home in Beverly Hills. He has now renovated it and flipped it back on to the market for $28.5 million. The listing is here.
--Tennis star Lindsay Davenport has put two of her Southern California homes up for sale. We'll check out her Ventura beach house as today's estate of the day.


Sunday Real Estate Round-Up, 11/09/08

Filed under: Estates, Celebrity Shopping


From the Wall Street Journal's Private Properties:
--Kelsey Grammer is trying to sell two Los Angeles houses he bought last year. One, his "fantastic flip" in Holmby Hills, we've mentioned before as an estate of the day, and he recently dropped $1 million off the price so that it now is listed at $18.9 million. The other, shown above, is in the Bel-Air neighborhood has recently been listed for $4.35 million. He bought the home for $4.05 million. The listing is here.
--A penthouse buyer at The Grand Madison, a Fifth Avenue development in Manhattan, is suing El-Ad Properties for $6.4 million claiming fraud and breach of contract.
--Greg Norman's ex-wife Laua Adrassy has picked up a home in New York's Hamptons for $7.55 million.

From the LA Times Hot Property:
--Musician Jakob Dylan has put his Los Angeles home on the market for $11 million. It's our estate of the day later today.
-- Model Cathleen Gallagher has just listed for $5.595 million a spec house in Pacific Palisades that she designed and developed. The solar-powered house is a three-story California Craftsman on the Las Lomas Bluffs. It has seven bedrooms plus a three-car garage. The property website is here.
--Russ Weiner, the founder of the Rockstar energy drink company is selling another piece of real estate. He dropped the price on his Sunset Strip area home by two million dollars. It is now listed at $2.995 million. The listing is here.
--Music and video producer John Diaz has put his home La Casa Moderna in the Mar Vista area on the market for $3.995 million. The listing is here.
--Are the Maloofs in financial trouble? They are certainly selling a lot of real estate. We heard about Joe Maloof's listing previously now comes news that his brother Phillip listed his Beverly Hills home at $16.995 million (the listing is here). His mother, Colleen, put her Beverly Hills home on the market in May, and it is listed at $10.995 million.

From the NY Observer's Manhattan Transfers:
--A two-year-old deed for Bravo chief Lauren Zalaznick's NYC co-op at the Stewart House in New York City shows that she and her husband paid $3.25 million.
--Bella Sapir, the ex-wife of billionaire Tamir Sapir just closed on a $8,895,000 penthouse at the new Veneto on East 53rd Street.
--Ramesh Singh, an executive at the huge Swiss-based bank UBS, who now has two huge Park Avenue apartments on the market-both listed at enormous discounts. His apartment at 860 Park Avenue has been cut to $9.5 million down from $13.4 million, and his 15-room duplex at 823 Park Avenue is listed at $19.95 million down from $24.75 million.
--New York City's most expensive listing, the $80 million penthouse at Fifteen Central Park West, has come off the market but an 18th-floor duplex in the building is quietly for sale for $75 million.

From the NY Post's Gimme Shelter:
--Tommy Hilfiger has rented a quadraplex apartment in a 12-story condo building that was formerly owned by Sean "Diddy" Combs. He is paying around $50,000 per month for a five-bedroom, seven-bathroom apartment located on Park Avenue in the mid-70s.
--Naomi Watts and Liev Schreiber might not be moving into One Madison Park, where they were in contract to buy two apartments. Watts has been spotted checking out a three-bedroom duplex at 79 Laight St., a TriBeCa building known as the Sugar Warehouse, with a $5.3 million asking price.
--The apartment that Bella Sapir recently bought for $8.9 million is now back on the market for $13.5 million. The listing is here.
--Erin Callan, the former Lehman Brothers CFO is in contract to buy a new condo at 40 E. 66th St. She is said to be paying between $7.5 million and $8 million for a three-bedroom apartment.

From Newsday's Real LI:
A 6,000-square-foot Georgian mansion in Syosset, New York that was built in 1928, was once the centerpiece of a 110-acre summer estate owned by William Kennedy, president of one of New York City's largest construction companies. Now the home is on over two acres and is listed at $2.199 million.
--Former New York Jet Vinny Testaverde has cut the price on his Oyster Bay Cove home to $4.6 million. It was listed at $6.495 million when it was our estate of the day earlier this year.
Prudential Douglas Elliman Real Estate is holding a grand open house at a new home in Sag Harbor on November 14. It will include a wine and cheese pairing and a fine art photography installation. The home is on the market for $2,995 million.

From the Real Estalker:
--Nicholas Cage has listed his private island, Leaf Cay, in the Exuma Island chain in the Bahamas for sale for $7 million.
--via Page Six, Jeremy Piven is staying at The Atelier while he is in New York doing Speed the Plow.
--The Real Estalker checks out the home that teenage actress Hayden Panettiere picked up earlier this year for $2.635 million.
--Lance Bass has relisted his Beverly Hills post office mansion. This will be our estate of the day on Monday.
--Rumor has it that British pop star Robbie Williams backed out of the $15,000,000+ contract he signed for a house in Beverly Park.
--Simon and Tamra Barney of The Real Housewives of Orange County have listed their home in Ladera Ranch, California for $1.59 million. The listing is here.



From Berg Properties Big Time Listings:
--A home owned by music producer and drummer Michael Blakey in the Beverly Hills post office area has been reduced to $2.995 million down from an original asking price of $4.695 million. The listing is here.
--Another round of which celebrity owns this house. The Brentwood house in question is listed for $11 million.
--A vintage Spanish-style house in Bel-Air that was built for silent film actress Colleen Moore is now on the market for $18.95 million. The property also is available for rent for $45,000 a month. The listing is here.

From Kansas City.com:
--The Missouri home of Tammy Faye Messner (better known as Tammy Faye Baker) is on the market for $1.5 million. The listing is here.

Kelsey Grammer's Fantastic Flip, Estate of the Day

Filed under: Estates, Celebrity Shopping


We've written about Kelsey Grammer's real estate doings before (he's nearly as ambitious a real estate tycoon as Ellen DeGeneres and now the Real Estalker reveals the latest listing from Kelsey and Camille Grammer. This home in the prestigious Holmby Hills are of Los Angeles is one of his best yet. The seven-bedroom home is over 10,000 square feet is on almost an acre of desirable land. The Grammers bought the home less than a year ago for $13.7 million. They have done up the home in their mix of beige and whimsy, sticking to relatively neutral tones throughout the house but making some vibrantly colorful choices in bathroom tiles. The grounds include an expansive pool area and a large lawn.

The home's other features include a gym (with a fireplace), large bathrooms, a media room with a built-in bar and a cozy but luxe style that gets much of its charm from the heavy dark beams and plethora of French doors. I'm not much of a fan of the "English Country" style but as wacky as they are, I'm loving the bathroom remodels (although I never understand the wisdom of having anything upholstered next to the tub. The Grammers have listed this home for $19.9 million.

For more prime properties and lush locations, see Luxury Homes and Mansions.

Kelsey Grammer's Bridgehampton Home, Estate of the Day

Filed under: Estates, Celebrity Shopping


Actor Kelsey Grammer is a serial real estate buyer. He often buys and sells quickly and has homes across the U.S. in California, New York, Colorado and Hawaii (for a comprehensive round-up of many of his transactions check out the fine work done by Mr. Big Time Listings). Braden Keil of the New York Post reports that Grammer has put his Bridgehampton, New York mansion on the market for $16.1 million. Grammer and his wife Camille, bought the home in January 2006 for $8.517 million. The home has seven bedrooms, a home theater, gym, wine cellar, gourmet kitchen and staff quarters. The 1.7 acre lot includes a heated gunite pool and spa and a pool cottage as well as a sunken tennis court. It is beautifully and elegantly decorated, a nice mix of the cozy and elegant although a bit too much white and beige for those without a fleet of dedicated housekeepers. Bigger pictures are below in the gallery.

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