Billionaire art collector drops price of Montauk estate to $15.5M

Posted On Fri, May 29, 2020 By

Posted On Fri, May 29, 2020 By In Cool Listings, Hamptons

Photo by Jake Rajs

Billionaire investor, art collector, and gallery owner Adam Lindemann has dropped the price of his Montauk mansion to $15.5 million. He originally listed the sprawling property in 2015 for $29.5 million. Earlier that same year, Lindemann bought another nearby property that had once belonged to Andy Warhol and was listed for $85 million. His “smaller” estate is a 7,500-square-foot, traditional wood-shingled estate that sits atop the Montauk bluffs. In addition to its incredible shoreline views and three-acre lot, the home was renovated by architect David Adjaye. The interiors are fabulous, and the grounds boast a large heated pool and jacuzzi, several covered and uncovered patios, and a private staircase leading down to a secluded cove. Adding to the selling points is that it’s available fully furnished, including some of the high-end contemporary art.

Photo by Jake Rajs

The home was built in 2004. After Lindemann bought it in 2008, he brought on famed architect Sir David Adjaye to oversee a complete renovation that included interior design by Bob Melet. It now features six bedrooms, eight-and-a-half bathrooms, and a “rustic-chic” vibe. Throughout the home are warm walnut walls and ceilings reminiscent of a traditional Hamptons home mixed with contemporary flourishes.

Photos by Evan Joseph

A modern, double-sided fireplace separates the living and dining areas, both of which benefit from a full wall of floor-to-ceiling windows and French doors.

Photo by Evan Joseph

A wood-paneled library also has French doors that lead to the patio. There are tons of built-ins and wall panels to conceal the television.

Photo by Evan Joseph

The Kitchen features poured concrete countertops and stainless steel appliances and cabinetry that lend an industrial touch. There’s a six-burner Viking stove, three sinks, double ovens, and enough room for a 10-seat dining table.

Photos by Evan Joseph

The six bedrooms all boast incredible views and their own beachy vibes.

Top photo by Evan Joseph; Bottom photo by Jake Rajs

The second-level holds the master bedroom wing, which includes a spa-like bathroom bathed in Ipe Brazilian wood and features double vanities, a soaking tub, and a fireplace.

Photos by Jake Rajs

The fact that Lindemann moved to Montauk is no surprise; in fact, he is a Warhol collector himself. To put into perspective just how significant he is in the art world, he has set career records for Jeff Koons, Takashi Murakami, and Jean-Michel Basquiat. Two of the major art pieces on the grounds are Urs Fischer‘s “Lamp/Bear,” a 25-foot bright yellow teddy bear sculpture, and Franz West’s “The Ego and the Id,” both seen above. Most of the artwork is centered around the 22-by-40-foot gunite pool and Jacuzzi.

Photo by Jake Rajs

The massive wooden installation on the deck is an art piece itself. Titled “Sunrise,” it beautifully frames the views.

Photo by Jake Rajs

There’s a sheltered area for a dining table, as well, set in front of a large hedge and native-looking plantings. All fo the landscaping was designed by Miranda Brooks. There’s also a private staircase on the edge of the bluff that leads down to a protected cove, which as the listing says, “lends itself to intimate picnics, fishing, and surfing.”


Photo by Jake Rajs

Other perks of the home include a two-car garage with a hydraulic lift and a finished basement that has a billiards room with a vintage bar, a home theater, playroom/staff quarters, and a wine cellar.


Photo by Bruno Schreck

Lindemann is also currently selling Eothen, Andy Warhol’s former Montauk compound and equestrian estate.

[Listing: 406 Old Montauk Highway by Lori Schiaffino of Compass]

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Interior photos by Evan Joseph; Aerial photo by Bruno Schreck; All others by Jake Rajs

Tags :

Neighborhoods : Hamptons,Montauk

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