• By Hamilton Nolan
    Nov 5, 2009 9:38 AM 2,447
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    #sinewhouse

    For Christmas, Condé Nast Will Party at a Restaurant Now-Defunct Gourmet Magazine Once Heralded

    Conde Nast Cancels Christmas Lunch, Hires Crisis Flack
    read more: #auctions, #sinewhouse, #condenast, #therich, #art, #moneymatters

    Si Newhouse (Almost) Breaks Even

    Conde Nast overseer Si Newhouse desperately put his Alberto Giacometti sculpture, "L'Homme Qui Chavire"—for which he'd paid $20 million— up for auction at Sotheby's yesterday. He was expected to lose $10 million on the sale. He got lucky.

    The WSJ reports:

    The evening's top price went to Alberto Giacometti's 1950 bronze of a toppling man, "L'Homme Qui Chavire," which an Eastern European collector bidding over the telephone got for $19.3 million, well over its $12 million high estimate.

    Macroeconomic win! Bring back Gourmet!


    Send an email to Hamilton Nolan, the author of this post, at Hamilton@gawker.com.