Modigliani Buyer Liu Yiqian Snaps Up New York Real Estate—For Cheap
The billionaire feels he got "a good price."
Chinese billionaire Liu Yiqian, who burst into headlines in recent years for his multi-million-dollar art buys, has broken into New York real estate. Liu has bought an apartment in a high-rise facing Central Park for $23.5 million, which represents a steep discount of 25 percent from its original sale price, reports the Wall Street Journal.
He had already been in the news for the $36.3 million purchase of a porcelain cup at Sotheby’s Hong Kong, from which he then irreverently drank on camera.
The 4,500-square-foot apartment is in One57, a luxury high-rise designed by Pritzker Prize–winning French architect Christian de Portzamparc. The building stands some 1,000 feet tall, and Liu’s new Manhattan pied-à-terre features views not only of Central Park from the living room but also of the Statue of Liberty from the bedroom, reports the Journal.
Real estate salesman Jeremy Hu confirmed the sale to the Journal, adding that Liu feels he got “a good price.” Handling the sale were brokers Noble Black and Emily Sertic of Douglas Elliman Real Estate.
Follow artnet News on Facebook:
Want to stay ahead of the art world? Subscribe to our newsletter to get the breaking news, eye-opening interviews, and incisive critical takes that drive the conversation forward.