Own Andy Warhol’s Storied Hamptons Estate for $85 Million—Anyone?
A 30-acre piece of Hamptons real estate once owned by Pop artist Andy Warhol can be yours for $85 million.
Warhol and Paul Morrissey, who directed several of the artist’s films, bought Eothen, the compound in Montauk, New York, for $225,000. The seller is J. Crew CEO Mickey Drexler, who purchased it in 2007 for $27 million. The Church family, founders of the Arm & Hammer Baking Soda Company, developed the land as a fishing camp, according to Top Ten Real Estate Deals. Even corrected for inflation, the $85-million asking price reflects a 70-fold increase in value from when Warhol and Morrissey acquired it.
The main house is surrounded by six cottages and other buildings totaling nearly 15,000 square feet, with nine bedrooms and 12 baths.
Art F City was the first to report the existence of a framed Confederate flag above the couch. (This design was the first official flag of the Confederacy, and was in use from 1861-1863.)
Architect Thierry Despont renovated the interiors of this residence, as well as the interiors of all Drexler’s homes, including a Park Avenue apartment and houses in the Bahamas; Sun Valley, Idaho; and two more on Long Island’s East End. He also designed the interior of Drexler’s Gulfstream Jet.
Among the stars who visited Warhol and Morrissey at Eothen were Jerry Hall, Cheryl Tiegs, Halston, Liza Minnelli, Liz Taylor, John Lennon, John Phillips, Mick Jagger, and Jackie Kennedy.
While Drexler does collect homes, he’s not interested in collecting art, as he revealed in a 2010 New Yorker profile: “I don’t buy art. I’d rather buy a beautiful location or a beautiful site than buy art. A beautiful home is like owning a beautiful painting, except you can live in it.”
Here’s an alternative “dream house” that won’t cost you an arm and a leg.
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