Filed under: Estates
We recently saw that artist-turned-director Julian Schnabel was putting his prized Picasso on the market to settle loans associated with his rose-colored Palazzo Chupi apartment building in New York City. We've discussed Schnabel's pink folly a bunch of times, watching as the penthouse fell from a starting price of $32 million to $22 million with no sale. Now the Wall Street Journal reveals that because Schnabel can't sell he has decided to rent. His top-floor triplex and duplex listed for $22 million and $19 million respectively, are up for rent for $50,000 and $40,000 a month. You can also still buy both apartments, either separately or together for $41 million which represents a total of $18 million off the original prices of both apartments.