Thomas Jefferson said in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies."

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."-- Thomas Jefferson

"When in danger or in doubt, run in circles, scream and shout." .... jbd

"When once a job you have begun, do no stop till it is done. Whether the task be great or small, do it well, or not at all." .... Anon

Insanity: doing the same thing over and over again and expecting different results. - Albert Einstein

Television is one daylong commercial interrupted periodically by inept attempts to fill the airspace in between them.

If you can't start a fire, perhaps your wood is wet ....

When you elect clowns, expect a circus ..............




Thursday, February 16, 2012

Record Sale at $88 Million


The most expensive apartment in New York has passed from the hands of a retired American banker to the family of a Russian billionaire, setting some new milestones in the Manhattan real-estate market.

The sale for a penthouse with a wraparound terrace at 15 Central Park West owned by Sanford I. Weill, the former head of Citigroup Inc., closed on Wednesday, brokers said.

The price paid, as expected, was $88 million, 66% above that the previous record sale.

The purchase was made in the name of a trust for Ekatarina Rybolovleva, a 22-year-old college student and daughter of Dmitry Rybolovlev, a Russian now based in Monaco who made a fortune in potash fertilizer.

Hall F. Willkie, the president of Brown Harris Stevens, confirmed that the sale had closed at the full asking price. He said that he understood that the buyers would keep the custom-designed space as is, including an oval bedroom, and a study paneled in Brazilian rosewood.

The sale generated close to $2.5 million in city and state taxes, and produced what brokers said was a record commission on a residential sale of about $3.5 million for two brokers at Mr. Willkie's firm. Kyle W. Blackmon represented Mr. Weill, while Maria Torresy represented the Rybolovlevs, brokers said.

The marquee sale shows the growing footprint of international buyers in New York in the past few years. Many of the units at One57, a new 1,004-foot tower under construction on West 57th Street, have gone to Russian and Chinese buyers, brokers said.