19 East 64th Street

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19 East 64th Street Wildenstein Bldg 19 E64 jeh.jpg
19 East 64th Street

The Wildenstein & Company Building is an edifice that stands at 19 East 64th Street, near Madison Avenue on the Upper East Side of Manhattan in New York City. It is five stories tall and was completed in early 1932. The building was designed in French 18th-century style by Philadelphia, Pennsylvania, architect Horace Trumbauer. [1] [2] Its facade is made of limestone.

The Wildenstein art firm was located in the former Vanderbilt house at 647 Fifth Avenue, between 51st and 52nd Streets, for several years prior to the structure's completion. [1] The Charles F. Noyes Company arranged a five-year extension of a $545,000 mortgage at 5% in June 1932. [3]

In October 1993, Wildenstein & Company purchased 49% of the Pace Gallery; the Wildenstein gallery remained at the Wildenstein Building, and Pace's SoHo branch at 142 Greene Street also became part of the combined business. [4] In April 2010, the combined gallery announced it was splitting, and Pace bought out Wildenstein's 49%. [5]

In 1997 the house had up to 11 members of the Wildenstein family living in it at any one time, leading art dealer Harry Brooks to humorously call the house the "most expensive tenement in Manhattan". [6] The government of Qatar planned to buy the house for $90 million in 2014 and operate it as a consulate. [7] The Russian businessman Len Blavatnik, who had planned to buy the house, sued David Wildenstein, believing that the Wildenstein family had reneged on a promise to sell Blavatnik the property for $79 million. [8] [7] A judge rejected the suit in March 2017, stating that the verbal agreement was not legally binding. [7]

In April 2017 it became the most expensive townhouse ever sold in Manhattan when it was sold for $79.5 million. [7] [9] The building was sold again in February 2018 to Blavatnik for $90 million. [10] [11] The Skarstedt Gallery announced plans in January 2019 to move into the house. [12] [13] Since 2023, it has housed Lévy Gorvy Dayan's flagship gallery. [14]

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References

  1. 1 2 "New Bank Offices On Madison Avenue". New York Times . March 6, 1932. p. RE2.
  2. ↑ "Seth Low House Sold to Bankers". New York Times. February 28, 1932. p. N17. Retrieved February 22, 2020.
  3. ↑ "Realty Financing". New York Times. June 3, 1932. p. 38.
  4. ↑ "Two Top Manhattan Galleries Merge". New York Times. October 29, 1993. p. C25.
  5. ↑ Vogel, Carol (April 1, 2010). "Powerhouse Gallery Is Splitting Apart". The New York Times. Retrieved January 1, 2011.
  6. ↑ New York Media, LLC (December 15, 1997). "New York Magazine". New York. New York Media, LLC. p. 32. ISSN   0028-7369.
  7. 1 2 3 4 "Wildenstein mansion sets new NYC townhouse record with $79.5M sale". The Real Deal. Retrieved April 11, 2017.
  8. ↑ Rosenberg, Zoe (November 14, 2016). "Troubled $100M UES townhouse at center of billionaire's lawsuit". Curbed NY. Retrieved July 28, 2024.
  9. ↑ Weaver, Shaye (April 7, 2017). "East 64th Street Mansion Sells for Record $79.5M". DNAinfo New York. Retrieved July 28, 2024.
  10. ↑ "One of the richest men on earth said to be buyer of record-setting UES mansion". The Real Deal. February 15, 2018. Retrieved July 28, 2024.
  11. ↑ Warerkar, Tanay (February 14, 2018). "Upper East Side mansion sells for $90M, after selling for $79.5M last year". Curbed NY. Retrieved July 28, 2024.
  12. ↑ Armstrong, Annie (January 14, 2019). "Skarstedt to Open New Space on New York's Upper East Side". ARTnews.com. Retrieved July 28, 2024.
  13. ↑ Westall, Mark (January 14, 2019). "Skarstedt to open new 25,000-square-foot space in New York". FAD Magazine. Retrieved July 28, 2024.
  14. ↑ "LGDR Opens Its New Flagship Gallery With a Tribute to the Art of Posterior". Cultured Mag. April 24, 2023. Retrieved July 28, 2024.

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