Warhol’s sale tops 15 minutes, by lots

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NEW YORK (AP) – Never mind 15 minutes of fame. It took a half-dozen years for Andy Warhol’s Long Island estate to finally sell.

The pop art icon’s 5.6-acre property in Montauk, at the fashionable eastern tip of Long Island, was bought by Millard Drexler, the chief executive of clothing retailer J. Crew, Newsday reported Saturday.

Along with a three-car garage and a stable for four horses, the main house – one of five – has seven bedrooms, 4.5 baths and four fireplaces. The property has 600 feet of oceanfront. The broker that sold the estate, Prudential Douglas Elliman, did not reveal the selling price.

Warhol, who died during a gall bladder operation in 1987, once famously said that in the future everyone would enjoy 15 minutes of fame.

He owned the estate with filmmaker Paul Morrissey. In the 1970s, the two paid $220,000 for what was originally a 20-acre estate.

In 1993, Morrissey donated 15.1 acres to the Nature Conservancy, the international conservation group, Newsday said. Morrissey put the remainder of the property on the market in 2001 for $50 million, but the final price may have been below $30 million, Newsday said.

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