If his descendants aren’t still making millions off his art, they’re making millions off his property. Those managing Andy Warhol’s estate sold his Montauk, New York, home for a record-breaking $50 million — it’s the highest home sale ever recorded in the region.
The 5.7-acre property, given the name Eothen, is as unique and colourful as Warhol’s art. It’s composed of a beautiful collection of white-shingled cottages that overlook the Atlantic Ocean. Set against the backdrop of green fields, rugged cliffs and blue skies, this home has been inspiration for many artists including John Lennon and Elizabeth Taylor.
When Warhol purchased the estate in the 1970’s, he paid $220,000 for 21 acres, but according to the Wall Street Journal, he donated 15 acres to the Nature Conservancy. When he finally put the property up for sale he listed Eothan, along with a 24-acre horse farm, for $85 million.