Bypassing the market: A look at luxe homes that recently traded without ever being listed

The year was 2016. The billionaire was Len Blavatnik. And the house was the Wildenstein mansion, a 20,000-square-foot property at 19 East 64th Street. After a handshake deal, Blavatnik thought the house was his — until heirs to the art gallery fortune accepted an offer for $79.5 million from HNA Group. Blavatnik sued and lost. But the story doesn’t end there. With the Chinese conglomerate under pressure to sell off its assets, the billionaire pounced, […]

Source: Real Estate

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