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Even With Art Hiding the TV, UES Couple Takes Nearly $6M Loss

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Airplane mogul Louis Gonda and his wife wanted to upgrade from this 28 East 70th Street penthouse?where the big-screen TV can be hidden by a painting at the touch of a button?to a place with more bedrooms. So they put the penthouse on the market in June for $16 million, even though they paid $17.9 million for it in 2001. Good thing they were already in the mood to take a loss, because the Observer reports the place has just sold?for only $12 million.

· Gonda! Aviation Entrepreneur Lands Two Sales in Two Weeks [NYO]
· Watch Sports on a Big Screen, Look Like an Art Snob for $16M [Curbed]