Yves Saint Laurent and his business partner have reduced the price of their co-op apartment in New York Citys Pierre Hotel on Fifth Avenue, from $8.5 million to $7.75 million, the Wall Street Journal is reporting.

Saint Laurent, 70, first listed the two-bedroom co-op in 2004 for $9 million before reducing it to $8.5 million. The 38th-floor co-op also has leather-lined mahogany dressing areas, a combination living-dining room with hand-stenciled linen wall coverings, and views of Central Park, the paper reported.

Located at 795 Fifth Avenue near the southeast corner of Central Park, the Pierre Hotel has been the home of many other celebrated individuals, including hedge-fund manager Martin Zweig, who has asked $70 million for his triplex penthouse in the building since first listing it in 2004. Other residents of the building have included the most fashionable Princess Firyal of Jordan, who bought a fourth-floor co-op there in 2002 and turned around and listed it again in 2003 for $7.995 million (no update since then on if the unit ever sold), Viacom chairman Sumner Redstone, and Harrods department store owner Mohamed al-Fayed, who listed his nine-room co-op in the building last year for $25 million (its still on the market).

We previously had reported last week that Forbes.com had cut the asking price of Saint Laurents stylish country home in Deauville, France had been reduced from $25.6 million to $19.9 million.

In other national real-estate news, the Journal also is reporting that the widow of sportscaster Curt Gowdy has again reduced the asking price for the couples 12,825-square-foot, longtime Palm Beach, Fla. home.

In 1988, the couple had paid $1,705,000 for the house, which was built in 1925. Gowdy died in February at age 86.