Marina Abramović Flips Soho Pad for $350,000 Profit
Performance art giant Marina Abramović has just sold one of her many, many properties in Manhattan's former artist enclave of Soho, unit #8A in the so-called Urban Glass House development at 330 Spring Street, for just over $3 million, the New York Daily News reports. That's $350,000 more than she paid for it in April of last year, a nice profit she can put toward paying workers at her forthcoming Marina Abramović Institute upstate in Hudson—or not.
According to the Daily News, Abramović furnished the apartment with "wacky, colorful, bubble-shaped furniture," but soon lost interest and put the place back on the market less than a year after buying it.
The performance artist is something of a real estate mogul. In June of 2012 she sold a loft at 70 Grand Street for $3.2 million—more than double what she paid for it 10 years earlier—and in May of 2013 she sold a townhouse at 54 King Street (one that has its own swimming pool) for just over $3 million to fashion designer Riccardo Tisci. But she'll need to offload a lot more prime real estate to fund the construction of her $20-million, Rem Koolhaas-designed performance art institute.
Abramović recently completed what she described as her most "radical" piece of durational performance art, 512 Hours, at London's Serpentine Gallery (see artnet News report).