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Booming Luxury Market Leads to Listing Insanity

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Welcome to It Happened One Weekend, our weekly roundup of the New York Times real estate section...

1) Rich people. What are they spending millions of dollars on? What are they complaining about? This is What's Up With Rich People?
With mega-rich people spending astronomical amounts on hugely extravagant apartments, the current trend of "trophy listing fever" has leading to a sub-trend of...let's call them faux-trophy apartment listings—luxury apartment combos trying to create a big deal listing where one was not intended to go. And nothing exemplifies that trend quite like the as-of-yet-uncombined 45th floor of the Atelier, currently nine separate apartments asking $85 million, or $8,500 per square foot. Dan Neiditch, the man behind the listing, may be crazy, but he also may be an evil genius. He's already received an offer of $38 million from a foreign buyer and is "definitely negotiable on the price." [Big Deal/'In Search of a Trophy, at Any Cost']

2) Every "The Hunt" column begins with the hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. Reality
The Hunters: a young couple who decide that moving in together is "the next logical step in [their] relationship"
Dream: Up to $2,500/month
Reality: $2,499/month
Dream: Upper West Side
Reality: the far West 80s
Dream: spacious living area
Reality: 20' x 20' living room
Way to go, guys. In retrospect this was maybe not a great week to kick off this particular feature. [The Hunt/'When One Half of a Couple Is on the Case']