Adam Lindemann

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.

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Celebrities, Cool Listings, Hamptons

406 Old Montauk Highway, Cool Listings, Montauk Estate For Sale, Andy Warhol's former home, Adam Lindemann, David Adjaye, Mickey Drexler, Millard Drexler, Hamptons Real Estate

Though it may seem unlikely, there are some similarities between art and real estate, one of the biggest being that with big fish come big numbers. That’s definitely the case for billionaire art collector and gallery owner Adam Lindemann–buyer of Andy Warhol’s former Montauk estate, Eothen, which was listed for $85 million. The contemporary art world high-roller recently listed his nearby property at 406 Old Montauk Highway for $29.5 million.

The home was built in 2004; After he acquired it, Lindemann–who is married to gallerist Amalia Dayan, granddaughter of the late Israeli politician Moshe Dayan–hired British architect David Adjaye to take on a complete redesign. The 5,000- square-foot, six-bedroom home is now a unique residence in the far-east end of Long Island affectionately referred to as “the end of the world,” though the former fishing enclave has in recent years become a more-chill-than-the-Hamptons hip celebrity party spot.

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Archtober2020