Artwork Collector Adam Lindemann Sells $12.5 Million Secluded Montauk Unfold
Sequestered down a personal lane with sweeping ocean and rugged shoreline views, the roughly 7,500-square-foot cottage was constructed for husband-and-wife artwork sellers Adam Lindemann and Amalia Dayan by architect Sir David Adjaye in 2004. The standard shingled exterior, acquainted throughout the Hamptons in New York, disguises subtle up to date interiors.
Adam Lindemann, the investor and proprietor of the Higher East Aspect artwork gallery Venus Over Manhattan, and spouse Amalia Dayan previously of the gallery Luxembourg & Dayan (now Luxembourg + Co.), are a powerhouse couple within the artwork world. Most not too long ago, through the pandemic, the couple opened the Montauk-based gallery South Etna to soundly showcase artwork among the many area people.
On and off since 2015, the Lindemanns have seemed to shed a bluff-top property in Montauk that contains two neighboring parcels that whole about 5.9 acres and was final on the open market within the fall of 2020 with a $24 million price ticket.
Tax information now present the Lindemanns have bought the bigger parcel in what seems to have been an off-market deal for $12.5 million, a sky-high quantity by virtually any normal however a hefty $2.5 million lower than the $15 million tax information present was paid for the property in 2007. It’s not clear, nonetheless, if the general deal is valued at the next quantity; when the property was final on the open market, within the fall of 2020, it was provided as a completely furnished turn-key residence with chosen artworks included. So, if the financier purchaser purchased the furnishings and/or any of the chosen artworks, the ultimate worth might effectively have been larger. (Tax information point out the Lindemanns purchased the undeveloped 2.8-acre neighboring property in 2008 for $6.5 million, and, although it had been provided in tandem with the bigger parcel, tax information don’t at the moment replicate a switch of possession.)
The “curated” areas, photographed earlier than the Lindemanns’s transfer, are dotted with just a few eye-catching artworks from the couple’s artwork assortment.
In 2015, Lindemann paid former Hole and J.Crew CEO Mickey Drexler $50 million for Eothen, a 5.7-acre compound of rustic cottages that have been as soon as owned by Andy Warhol. Final 12 months there have been unconfirmed studies Lindemann was quietly buying Eothen with an asking worth within the neighborhood of $65 million.
The Lindemans additionally personal an almost 30-acre unfold close to Woodstock within the Catskills, the place British artist Richard Woods reworked the prevailing residence into a cool pseudo-Tudor artwork piece, in addition to a Beaux-Arts carriage home on Manhattan’s Higher East Aspect that was acquired for $6.75 million in 2004 and re-imagined by Adjaye into an eccentric home to showcase the couple’s assortment.
This story first appeared on grime.com, which options extra images and data on the secluded Montauk residence.