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Intelligencer: January 3-10, 2005


Chiat House Finally Sees Closing Day
Plus: A new Kennedy secret?
Like the Energizer Bunny his firm created, the sale of the late ad guru Jay Chiat’s Sagaponack home kept going . . . and going . . . It took seven months, three real-estate brokers, five lawyers, and a lengthy court battle between Chiat’s widow and her stepchildren, but fashion designer Elie Tahari got the 2.3-acre oceanfront house in the end—for just $12.1 million. “I wouldn’t say it was contentious,” says Corcoran’s Diane Saatchi, who did the deal with Gary DePersia of Allan Schneider, “but it was complicated.” We hope he didn’t move there to live near Caroline Kennedy Schlossberg. Just weeks after Sotheby’s announced she would be auctioning off items from her family’s New Jersey, Virginia, and Martha’s Vineyard homes (including horse blankets with her mother’s monogram), word is spreading that she’s quietly been showing her three-acre Sagaponack Road place. “They’re asking $5.5 million,” says our source. “The interior and kitchen and bathrooms are dated.” Not that Caroline’s there much anyway. Says one local, “She spends more time on the Cape.”
—Jacob Bernstein


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