Andy Warhol Home Sells for Half the Price of His Expensive Paintings: $50 Million
Andy Warhol's Hamptons' beach home just sold for $50 million - about half the price that Warhol's most famous paintings sell. Warhol's home is featured this week at TopTenRealEstateDeals.com . “Andy Warhol Home Sells $50 Million” Montauk, New York is celebrating its biggest estate sale ever after the closing on the 5.7-acre beachfront estate at $50 million that pop artist Andy Warhol bought in 1972 for $225,000. The most recent owner of the compound was CEO of J. Crew, Mickey Drexler, who bought it in 2007 for $27 million. He listed it in 2015 for $85 million that included a 24-acre horse farm and equine center, which the buyer, Adam Lindemann, opted out of the purchase. Lindemann is the founder of the Venus Over Manhattan Gallery and a major collector of Warhol’s works making the property’s history especially significant for him. Warhol’s first gig out of art school was as a fashion illustrator for several of the top women’s magazines. With th...