Andy Warhol’s Storied Hamptons Estate For $85 Million

via artnet.com

Warhol and Paul Morrissey, who directed several of the artist’s films, bought Eothen, the compound in Montauk, New York, for $225,000. The seller is J. Crew CEO Mickey Drexler, who purchased it in 2007 for $27 million. The Church family, founders of the Arm & Hammer Baking Soda Company, developed the land as a fishing camp, according to Top Ten Real Estate Deals. Even corrected for inflation, the $85-million asking price reflects a 70-fold increase in value from when Warhol and Morrissey acquired it.
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