Andy Warhol’s paintings have always sold at a premium and apparently so do properties where he spent time in.
A two-story property located at 159 East 87th St. on Manhattan’s Upper East Side that once served as the pop artist’s art studio has changed hands for $9.975 million, according to city property records. The buyer of the property, a former firehouse, was Warhol Hook and Ladder LLC.
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According to the property records, the seller was Wildenstein & Co, whose president, Guy Wildenstein, is the beleaguered patriarch of the billionaire art dealer family. He has been accused of tax fraud and money laundering and is in the middle of a lawsuit in France. Mr. Wildenstein, has maintained his innocence in the case.
He also is currently trying to sell the family’s Upper East Side mansion for $100 million after a deal to sell it to the state of Qatar in 2014 fell apart.
Warhol rented the 5,000-square-foot space at 159 East 87th St. from the city for just $150 a month between 1962 and 1963, according to DNAinfo. It was his first art studio outside of his home, which was on Lexington Avenue.
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There was no immediate response to an email sent to Wildenstein & Co.