16 Cliff Drive And 8 Old Montauk Highway

October 16, 2015

Billionaire Art Collector in Contract to Buy Andy Warhol’s $85M Former Montauk Compound

"I knew Andy in the early 1980s as a very young man, and I’m a collector of his work . . . I’m very lucky to have this opportunity to live out this dream. It’s a work of art." This is what billionaire art collector and Upper East Side gallery owner Adam Lindemann told the Post regarding going into contract on Andy Warhol's $85 million former Montauk estate and equestrian farm. Warhol bought the 30-acre compound, known as "Eothen," in 1972 along with filmmaker friend Paul Morrissey for a mere $225,000, putting Montauk on the map as an A-list retreat on par with the East End. As 6sqft reported when the listing hit the market in June, "For years, the artist used the compound as a city retreat, entertaining friends and luminaries that included Jackie Onassis, Mick Jagger, Elizabeth Taylor and John Lennon. Back then, guests of Warhol enjoyed 600 feet of private oceanfront and 24 acres on the bluffs overlooking the ocean." And now Lindemann, whose fortune comes from his father George Lindemann's success in pharmaceuticals and pipeline companies, can try to relive these glory days.
June 16, 2015

Own Andy Warhol’s Former Montauk Compound and Equestrian Farm for $85 Million

How many Campbell's tomato soup cans would it take to cover Andy Warhol's former 30-acre estate? We're not sure, but we know it'd cost $85 million to find out. Though the artist's infamous Manhattan Factory was host to countless over-the-top and avant-garde activities, his Long Island home at 16 Cliff Drive and 8 Old Montauk Highway channeled a far more subdued vibe that was anything but city. Surrounded by miles of riding trails and hundreds of acres of oceanfront reserve, we can see exactly why Warhol was so inspired to let his silvery wig catch the Montauk wind.
Take a tour of this spectacular estate