Looks like Andy Warhol’s estate will finally be sold
It looks like Andy Warhol’s onetime estate at the end of Long Island may finally have a buyer. New York Magazine is reporting that the late artist’s 5.6-acre Eothen estate, which Warhol’s onetime manager Paul Morrissey listed in 2001 for the then-eye-popping price of $50 million, is being sold to Mickey Drexler, the CEO of J.Crew. The estate’s asking price later was lowered to $40 million, but the magazine reports that Drexler is paying “nowhere near that,” and probably is offering less than $30 million.
By Bob Goldsborough at 30 November, 2006, 4:22 am
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