Sotheby’s sold $166.3 million of art from Robert Mnuchin’s collection. The 106-year-old six-story Upper East Side townhome that housed his blue-chip gallery for over thirty years is now on the market for $35 million. Mnuchin and Adriana bought the property in 1983 and completed an 18-month renovation before moving in. Mnuchin left Goldman Sachs in 1990 and opened his gallery in 1992 with James Corcoran. The gallery hosted major shows for artists including Willem De Kooning, Jeff Koons, Ed Clark, and Mary Lovelace O’Neal. After Mnuchin’s death, the gallery closed, and the listing indicates the space can be used as a private residence or a top-tier commercial art gallery. The descendants removed gallery walls covering fireplaces.
"Last week, Sotheby's sold off $166.3 million worth of art from the collection of late New York-based art dealer and collector Robert Mnuchin. Now, the six-story, 17,600 square-foot Upper East Side townhome that housed Mnuchin's blue chip gallery for over thirty years has hit the market, with a $35 million price tag attached."
"Mnuchin and his second wife, Adriana, originally bought this 106-year old property-which had over the years served as a mansion, dormitory, and psychiatrist's office-in 1983. Back then, Mnuchin was 50 years old, and 26 years into his 33 year tenure with Goldman Sachs, where he rose the ranks from trader to general partner, and ultimately manager."
"After amassing much of his abstract expressionist art collection throughout the 1970s, Mnuchin and Adriana purchased this space for an undisclosed sum to secure more room for their growing trove-according to the which broke the news of the real estate listing yesterday. The Mnuchins subsequently moved into the town home, after overseeing an 18-month renovation. In 1990, Mnuchin left Goldman Sachs. He finally opened his art gallery two years later, with L.A.-based James Corcoran as partner."
"So, will another gallery move into this storied space? It's possible, though not guaranteed. The property's listing with midtown-based Modlin Group states that the townhome "now can present itself again as a private residence or commercial art gallery of the highest order." Mnuchin's descendants-who reportedly planned sell the house since before his death-have removed the gallery walls that for years covered fireplaces throughout the first tw"
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