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Picasso's Grandson Buys $7.2 Million Lafayette Street Penthouse

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The sixth-floor apartment at 439 Lafayette Street has come up in the world since it was purchased, partially demolished, for $3 million in 2007. One year and one fairly epic renovation later?the apartment now has a dog shower and outdoor kitchen?it returned to market asking $8.466 million. Now, the unit appears to have found a buyer in Bernard Ruiz-Picasso, the artist's grandson, and Almine Picasso, who paid $7.19 million for the place. Which doesn't seem like much compared to the value of what will probably end up on the walls.
· Listing: 439 Lafayette Street PH [lafayettepenthouse.com]
· Sale: 439 Lafayette Street #6A [ACRIS]