The five-bedroom Chelsea townhouse belonging to the late art gallerist Barbara Gladstone recently sold for $13.1 million, more than $1 million above its asking price, reports the New York Post.
The historic home at 344 W. 22nd St was listed for $11.99 million. According to the New York Post, the 19th century brick Greek Revival rowhouse was purchased by an unnamed buyer in an all-cash deal which closed on August 27.
The brokers for the home, Scott Hustis and Mark Jovanovic of Compass, also told the New York Post that the final price was a record per square foot for a Chelsea townhouse.
Her namesake gallery, Gladstone Gallery, currently has locations in New York, Brussels, Seoul, and Rome. It has amassed a roster studded with celebrated artists, including Matthew Barney, Alex Katz, Joan Jonas, Wangechi Mutu, Keith Haring, Robert Rauschenberg, Carrie Mae Weems, Arthur Jafa, and many others.
Gladstone opened her gallery in New York in 1980, and rose to become one of the city’s most notable dealers. She died last June in Paris after a brief illness at the age of 89.
The Chelsea townhouse was purchased in 2011 for $6.3 million. It was built in 1841. The current 4,395 square foot iteration of the four-story property was designed by architect Annabell Selldorf. Piet Oudolf designed the home’s garden.
Selldorf, who also designed two of the three New York branches of the Gladstone Gallery, added a balcony on each of the top three levels of the townhouse. The home also featured “gallery-like” Venetian plaster walls and white oak floors, which helped showcase works from Gladstone’s private collection.
Sotheby’s auctioned 12 pieces from that collection during a contemporary evening sale in May, which sold for a total of $18.5 million with fees. The artists in that sale included Richard Prince, Andy Warhol, Rudolf Stingel, Mike Kelley and Thomas Schütte. Notably, all the works were sold without guarantees, and eight of the 12 sold above high estimates.
The New York Post also reported that another home owned by Gladstone, a Gilded Age, turn-of-the-19th-century North Fork mansion, is currently on the market for $12 million.
