Tag Archives: Pricing and the media

He could have been a contender

Virginia winemaker and philanthropist Patricia Kluge is offering her 300-acre English country estate in Charlottesville, Va., for $100 million, one of the most expensive listings in the U.S. ,The WSJ notes.


Ms. Kluge, 61 years old, is the former wife of John Kluge, a billionaire who founded the Metromedia broadcast and cellphone empire. Her estate, in the rolling foothills of the Blue Ridge Mountains near Thomas Jefferson’s Monticello, includes a 45-room neo-Georgian main house of 23,538 square feet with eight bedrooms and 13 baths. Completed in 1985, the home has a theater, library, recreation room with spa and sauna, a card room and an Islamic gallery featuring an antique Syrian fountain.The property includes a pool, pool house, log cabin, a greenhouse and several staff cottages. There are three stocked ponds, gardens, and a croquet lawn. The front grounds can be converted to an 18-hole golf course, for which designs by Arnold Palmer exist. Ms. Kluge also runs a Virginia winery that bears her name.

Among the most expensive listings is the Los Angeles mansion of Candy Spelling, the widow of television producer Aaron Spelling, who is asking $150 million. Michael Rankin of Sotheby’s International Realty has the Kluge listing.

So what’s missing from all this? That’s right, David Ogilvy’s listing of the Leona Helmsley estate. He was there, man, he was there! If ungrateful buyers and impatient trustees hadn’t forced him to slash its price from $125,000,000 to $60,000,000, he’d have been included in this article instead of being known merely as the proprietor of the biggest price cut in Greenwich real estate history. Oh, sharper than a serpent’s tooth!

Say, you don’t suppose some of these big properties are priced where they are just to get their brokers in the national press, do yoo?

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