Palm Springs, CA RICHARD NEUTRA KAUFMANN HOUSE

Commercial and Residential properties for sale, rent or lease

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grh122
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Palm Springs, CA RICHARD NEUTRA KAUFMANN HOUSE

Postby grh122 » Thu Oct 02, 2008 10:29 am

It's on the market, after a failed auction.

http://www.windermere.com/index.cfm?fus ... D=34295773

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Joe
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Postby Joe » Thu Oct 02, 2008 12:39 pm

maybe I can get one of them bail-out mortgages for it???

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Scott NC
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Postby Scott NC » Thu Oct 02, 2008 2:36 pm

I thought the house plus lot next door went for 18.9 mil total back in May??
Why give it up for 12 mil now?

sdmod
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Postby sdmod » Thu Oct 02, 2008 2:51 pm

It never went for the 18.9 mil...the buyers backed out

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scottkaycee
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Desert Agents-minus pedigree what is this property worth?

Postby scottkaycee » Sat Oct 04, 2008 8:20 pm

I was curious if any of our desert agents could give a ballpark figure for a comparable property, estate home in Las Palmas without the architectural pedigree. There has been quite a debate in the architecture/art world about what the appropriate price would be for a masterwork, using painting and sculpture as a guide they feel the price should have a significant premium over retail real estate price. While I appreciate this arguement and to a certain degree even sympathise with it I think the failure of the recent auction and even the somewhat disapointing price it actually "sold" for at the auction contradicts the art price premium arguement. In 2003 the national Trust purchased Mies Vanderohe's Farnsworth House for 7.5 million, given that the real estate market is rapidly returning to early 2000's prices, plus factoring in the general consensus that Vanderohe is a more significant figure than Neutra, and arguably the Farnsworth House is as famous if not more so than Kaufman House II, it will be very interesting to see how this sale plays out. I am not criticizing the asking price, and would be "very happy" for the sellers if they got their price, ultimately the property is worth what someone will pay for it, but I cant help but ponder If the painting/sculpture work of art arguement is loosing atleast some credebility.
How about a career in Architecture? www.scottkirkcueto.blogspot.com


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