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New owner of Warhol estate chops the price of his previous David Adjaye home

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Seems pretty reasonable now

Last October, art collector Adam Lindemann made headlines when he purchased Eothen, Andy Warhol's old Montauk estate. Then a couple weeks later, he put his nearby Montauk property on the market for $29.5M, which we thought was fairly reasonable, given the generous six acre plot and distinctive home. But no one purchased it, so now the price is $25M.

Designed by starchitect David Adjaye, the house, high on the Montauk bluffs, blends a traditional exterior with a modern interior. It's 5000sf with six bedrooms and 8.5 baths. The great room is enormous, lined with shiny wood and with a tall two-sided fireplace.

The house, while striking, also seemed claustrophobic and gloomy to us. Of course, this is a house by a daring modern architect, not a safe, conventional choice, so it doesn’t appeal to everyone. One commenter last autumn wrote, "This is a stunner for the location and views alone. The house is a toss in, requires the right person. Price isn’t crazy for the location, at $20 it would sell and could rebuild. 30 requires the right buyer who likes the house."