• A rare bit of good news for former Lehman chief Dick Fuld and his wife Kathy! The couple have closed on the sale of their 6,200-square-foot co-op at 640 Park Avenue, albeit for quite a bit less than they were hoping to make on the sale. After originally putting the apartment on the market for $32 million in May,…
Goldman Sachs has been accused in recent weeks of plotting to make a fortune from the collapse of the American economy and then plotting with Washington insiders to hand the banking industry a massive bailout. Are Goldman haters now plotting against the firm's CEO, Lloyd Blankfein, and his wife Laura? A day after it…
Lehman Bros.' former CEO Dick Fuld was having trouble selling his Upper East party palace with a $32 million asking price so he took it off the market. Now someone's offering $27 million and he's thinking it over. [NYP viaCityfile]
• It looks like former Lehman chief Dick Fuld and his wife Kathy might unload their co-op at 640 Park Avenue, after all. The Fulds have reportedly received an offer "in the $27 million range" for the 6,200-square-foot spread—which they listed for $32 million last month before taking it off the market a week…
• That was quick. On Tuesday, it was reported that former Lehman chief Dick Fuld and his wife Kathy had unofficially put their 6,200-square-foot pied-à-terre at 640 Park on the market for $32 million. But now it seems the Fulds have changed their minds and decided against selling it. Better luck in 2010? [WSJ]
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The Observer reports today that embattled and failed Lehman Brothers exec Dick Fuld is selling his massive Park Avenue home for around $32 million. On the market for a mansion? Let's take a look inside.
Former Lehman chief Dick Fuld may have been willing to hand over his luxe Florida home to his wife for $100, but he's looking for a little bit more from the sale of his Park Avenue apartment. Fuld purchased the 6,200-square-foot co-op at 640 Park in 2006 for $21 million. Now rumor has it he's looking to exit the…
A tipster just alerted us to a bit of stunning Dick Fuld news: The disgraced ex-CEO of Lehman Brothers transferred ownership of his $13.75 million Jupiter Island mansion to his wife, Kathy, on November 10th. Could Fuld be worried about the flurry of lawsuits from incensed shareholders and creditors? Possibly!…
• Sarah Jessica Parker and Matthew Broderick may seem really happy and content with life, but it's just a carefully-constructed façade that is now crumbling to pieces because Broderick can't stop himself from cheating. Or at least that's what the Star is claiming after it caught sight of SJP socializing with a real…
Earlier we discussed Kathy Fuld's shameful habit of secretly buying stuff from Hermès. We noted that the Daily Beast item about the trend didn't have a byline to it. Why would this be?
Fabulously rich people are nothing if not sensitive. Take Kathy Fuld, who still goes on once-a-week $5,000-10,000 shopping sprees at Hermès, but nowadays, so she doesn't offend anyone, she tries to keep quiet about it.
Last week, the Times reported that luxury shoppers are now doing much of their buying in secret because "shopping is almost embarrassing" given the state of the economy. The Daily Beast follows up today with the news that some high-end stores are even handing out plain shopping bags to help their customers disguise…
Looks like Christie's is out $6.5 million. At auction last night, Richard and Kathy Fuld's collection of drawings failed to reach the $20 million that Christie's had guaranteed the couple. The sixteen works fetched just $13.5 million, in keeping with the lackluster response to many other lots on the block. (A 1964…
It will be a big night for disgraced Lehman CEO Dick Fuld and his wife Kathy: The couple's collection of postwar drawings goes up for auction at Christie's this evening. The Fulds reportedly made arrangements to sell the pieces over the summer—and the auction house gave them a $20 million guarantee, a decision it…
Former Lehman Brothers CEO Richard Fuld led his firm into bankruptcy, was subjected to blistering criticism by lawmakers on Capitol Hill, was officially "terminated" yesterday by the firm he led for a quarter-century, and will be selling off $20 million worth of art next week to keep up his lavish lifestyle. So how is…
If you're stressed out about losing your job or not being able to pay your mortgage, you may want to take a lesson from Kathy Fuld, the wife of Lehman CEO Dick Fuld and the man who will forever be known as man who led the firm into bankruptcy. According to art dealers, Kathy has put a set of Abstract Expressionist…
It's been a rough few months for Lehman Brothers CEO Dick Fuld. Many harbor doubts the bank will survive as an independent firm for much longer; clients have been abandoning Lehman in droves; and Fuld has been aggressively trying to raise money, a process that hasn't been easy although he may have found a savior in…
