A look inside Andy Warhol’s former home as billionaire art collector Adam Lindemann puts oceanfront Montauk estate on the market for US$85 million
The pop artist bought the property for about US$220,000 in the 1970s with Jackie Kennedy, Mick Jagger, Elizabeth Taylor and John Lennon among the estate’s most notable guests
Art collector and gallerist Adam Lindemann, the owner of Andy Warhol’s former estate in Montauk, New York, is accepting offers in the ballpark of US$65 million, the New York Post reported.
A representative for Lindemann at his art gallery, Venus Over Manhattan, did not immediately respond to a request for comment regarding the reported sale.
Lindemann bought part of the estate – known as Eothen, or “from the east” – from former J. Crew CEO Mickey Drexler in 2015 for US$48.7 million, according to website Curbed. “I knew Andy in the early 1980s as a very young man, and I’m a collector of his work,” Lindemann told Page Six at the time of the sale. “I’m very lucky to have this opportunity to live out this dream. It’s a work of art.”
The adjacent 9.7-hectare (24-acre) horse farm is still owned by the Drexler family, Curbed reported. Drexler listed the entire compound for US$85 million, but Lindemann was only interested in purchasing the 2.3-hectare (5.7-acre) estate once owned by Warhol, not the horse farm, according to Page Six.
The Church family, of Arm & Hammer Baking Soda fame, built the property as a fishing camp in the 1930s.
