The sale of a $125 million penthouse on the top three floors of The Pierre
In London this week, the Evening Standard announced that a 50,000 square foot Grade I listed Regency house, 18 Carlton House Terrace, SW1 has gone on the market at £250,000,000. If it achieves this figure, it will become the most expensive single home to be sold in the UK ever.
The sale of a 15,000 square foot Hamptons home complete with a private island and a room with a truly spectacular view
Andrew Zaro is a collector with a difference. This philanthropist and Democratic donor leads a life that is no doubt the envy of those from whom his firm, Cavalry Portfolio Services, “helps create affordable solutions to resolve their debt”.
Zaro’s wife, Lois Robbins, is a native New Yorker who has appeared in Sex and the City, Ryan’s Hope and Law & Order. She has been cast in the upcoming film Blowtorch, expected to be released in November 2013, where she will star alongside Billy Baldwin.
The sale of a $100 million Californian estate with a catch
If you were to spend $100,000,000 on a house, you’d expect something impressive. I imagine you’d want acreage, vast amounts of space and something luxurious. Stunning views and a prime location would be a must but at the bottom of your list, no doubt, would be something that someone purchasing a place for even a $1 would expect – that being that you’d be able to actually move in.
A Modernist masterpiece based upon simple rationalism
Two buildings were designed by architects Carlo di Carli and Antonio Carminati in 1953 – 1954 in Milan’s Via dei Giardini. Both are considered Modernist masterpieces and both stand proudly in this, the city’s only tree lined street.
Carlo di Carli (1910 – 1999) is considered to be amongst the “master[s] of Italian design” and is best known for a chair named the 683 Cassina that won him the Compasso d’Oro award in 1954. He was a leading figure at the Polytechnic of Milan and worked extensively with Longhi and Cinoca. An exhibition of his works was held at the Triennale Design Museum in 2011.
Laid out in the shape of an octagon overlapping a rectangle, one of these rationalist buildings is a five-storey 22,000 square foot single family residence. It boasts an elevator, a private garden and a roof top terrace and in last week’s Evening Standard, Lorenzo Mercolini of Sotheby’s, who is selling it for Santo Versace, president and co-CEO of Gianni Versace SpA and a Member of the Chamber of Deputies of the Italian Republic, commented: “There is simply no other property in Milan like it.”
Santo Versace (born 1944), like his late brother Gianni and sister Donatella, is a colourful character. A graduate of the University of Messina, he worked first as a banker and then as an accountant. He gave this up in 1976 to support his brother in his rising career as a designer and effectively was the business brains behind the house of Versace. The company now generates over $1 billion a year in retail sales.
Married with two children, Santo Versace launched his political career in 2008 with Silvio Berlusconi’s The People of Freedom party before sensationally quitting in September 2011. His parting words to the “king of bunga bunga” were:
“I like to work. And in (Mr Berlusconi’s political party), there’s no need for people who work.”
He is now a member of the Alliance for Italy party and regularly speaks out against corruption in Italian politics. Mr Versace has not given a comment as to why he is selling his base at the heart of Milan’s shopping district.
You’d have to be Gaga about Versace to purchase this Via dei Giardini mansion though. The asking price is a staggering £40,000,000.
For more details about Santo Versace’s Via dei Giardini home, contact Ricardo Bergamo of Sotheby’s on +39 02 8707 8300 or go to: http://www.milan-sothebysrealty.com/eng/sales/detail/289-l-1952-4000032335/a-one-of-a-kind-glamourous-property-in-milan-milano-mi-
The rise and fall of the “wealthiest divorcee in history” has been extraordinary. A former nude model for her first husband’s Knave magazine and star of adult films such as “The Nine Acres of Nakedness,” Patricia Kluge is the daughter of an Englishman and a Scots-Iraqi. She married her second husband, the late John Kluge, chairman of Metromedia and once the richest man in America, in 1981 after belly dancing for him at a dinner party in New York. As part of her plan to dovetail herself into the top drawer of American society, the couple built a 24,000 square foot mock 18th century English-style mansion, Albermarle, in Virginia and stuffed it full of Chippendale furniture. She got this as part of her $100 million divorce settlement in 1990 and wisely invested part of the payoff in a highly successful business trading football cards but then vanity struck. The Kluge Estate Winery project that she started with her third husband, William Moses, bankrupted the pair in June 2011 and the Bank of America foreclosed on her properties. A lifeline came from “longtime friend” Donald Trump who purchased the vineyard and employed her, but even he’s now uttered the words: “You’re fired!” and sent her packing. Of her newfound predicament Kluge commented: “What did we lose? Material things, nothing too important. When something like this happens you really see who your friends are, those you can rely on, and we have many friends.” Here is a lady with fortitude that can only be described as admirable. It’s probably best, however, to keep her away from the cash register.
An iconic home that has periodically been for sale for some 7 years with hardly any variation in the price asked for it (more…)