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"Eastern European" Buyer Scoops Up World's First Quarter-Billion-Dollar Apartment
The world's most expensive apartment sale has been 'consumated'... in London (of course). As The Evening Standard reports, an Eastern European buyer (has anyone seen Yanukoych recently?) is believed to have paid £140 million (~$235 million) for the 16,000 square feet apartment — more than 10 times the size of a typical London three-bedroom home — at the One Hyde Park scheme near Harrods. This values the apartment at a 'mind-blowingly-desperate-to-launder-my-money-and-get-my-assets-away-from-potential-bank-freezes' $17,000 per square foot.
Ironically the price is a deal against the $295 million valuation that had been place on the apartment by appraisers.
Quiet City living...
Candelabra looks like Superman's home (hhmm, perhaps)
Kitchen looks a little narrow to us... (and no Sodastream)
Relax...
No beanbags?
Well, yeah that's great but $200million?!
Well - we guess it's worth it if you like that kind of thing - at least it is a "hard asset."
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What! No picture of the shitter?
Where is the room for the Bunga-Bunga parties?
Oh... I almost forgot... where is the "dungeon room" because these guys are into some kinky shit!!!
Also, that explains why the market is selling off so much. They need to raise cash to buy the place.
That property tax bill is gonna hurt.
Can you get DirectTV?
'I jump in it.'
http://wn.com/opulence,_i_has_it
This is peak something, I'm just not sure what. So many issues.
Who was the seller and what will they do with $235mil?
And did each Realtor get $7mil?
Yeah, but does it have high pressure air in the bathroom like in my house?
Nothing says "opulent comfort" like the cool clean lines of an office waiting room.
The heating system might need an upgrade. That two level open fire pit is kind of Neolithic.
Paid for by the skim off the 17 billion IMF loan.
Its why peasants are required.
To support the overlords in the style to which they want to become accustomed.
Next the overlords will be demanding velvet lined guillotines with padded buckets to collect their heads.
For a small fee I'm sure they can be accomodated
So this is where Putin is hiding his billions...
Property tax? In London? Doesn't exist; that's why it's the world centre for money-laundering through property.
Wonder if those windows could withstand .50 BMG...
Ukrainians don't hang about.....IMF loans $17billion, they go shopping in London.
They got tired of that IMF "loan" money just sit'n there in Swiss Bank Vaults do'n not'n .... so why not buy a nice place in London, eh?
Enjoy life a bit until things simmer down back home.
I need some of those chrome pillars for my pad. Think they have them at Menards ?
I think the ones that are over 14' are special order.
Speaking of using the shitter...
"Remember, the National Assoc. of Realtors reminds you to always use your local REALTOR"
"And there's never been a better time to buy or sell your HOME"
/sarc
.
"opulence, I has it..."
Bad taste.
The Restoration Hardware metal-and-brown palette is the avocado and gold for today’s aspirational global nihilist.
People say to me: “Yuri, aluminum wall paper and fudge orbs?”
“But of course…why not the best?”
Czechs tell the story about two Russian oligarchs
'How much did you pay for that watch?'
'€50,000'
'What, are you serious?? I know where you could have got the same one for €75,000'
US$ 235 MM laundered, cleaned & pressed!
Yup, and probably Permanent Resident status thrown in as well.
Yeah, but does it have underground parking?
Laundering money by investing it at a loss. That's novel.
Keeping half is still 50% more than what's coming. On a side note, I've recieved 4 phone calls and 3 solicitations in the mail from CHASE bank to give them my money. They are offering $200 to open an account with any balance, and another $200 if I donate 15k. So, $400 for a $15,001 deposit/donation. Bail-ins imminent?
Personally, I see no difference between buying that apartment and just burning the money.
Oh, and the galley kitchen blows and the 60s retro furnature is hideous. Must be a Russian or similar buyer.
90s leather furniture and 'life' in a city of 8 million people .... 295million dollars.
Getting out of Russia before you get tossed in a 6x9' footer with Mikhail Khodorkovsky for declining the 100% savings transfer/gratuity.... priceless.
Well, at least it's near the Tube station and the Piccadilly Line if they want to go to Heathrow Airport. That convenience factor must be worth eh.,...maybe £500..
With a mansion tax of $2 million?
$100 on a Russian Jew...taking the bets now.
Think of the convenience walking to Harrods and buying a pet giraffe or baby white tiger?
The "shitter" is gold plated (becasue gold has no real industrial application) and the biday speaks seven languages.
Would they sell a few square feet to me?
Let's give every billionaire a fancy title like Lord or Duke.
Only then can they be properly worshiped by the masses.
I am the Count of Monte Crisco!
Love me!
Whoever said UK house prices are in a bubble has got to get their head seen to.
There's an army barracks accommodation tower block up the road from One Hyde Park that has a much better view. It's in the background to the center in the top photo. Those army guys could make a quick killing if they sold off their bedrooms to some non-resident buyers, as long as the non-doms never show up for a shopping trip in London.
Fuckin' galley kitchen! Where's the Arga?
Looks like a 2 ring cooking hob... Obviously the buyer eats from cans and has microwave dinners - no class
perfect layout, ask any professional cook.
In an efficient kitchen you want to keep walk distance as close as possible.
Ok, the dish washing sector needs some improvement.
I wonder if a semiconductor fab is cheaper per square foot than this apartment?
Only if the semiconductor factory is in China
At $17000 per square foot and gold at $1300 per ounce, one could cover the floor with a 0.227 mm (0.009 in) golden foil.
Arrest the owner and redistribute its stolen wealth. People will not survive another 10 years if they don't stop living like animals.
For $235M I would hope that I liked the kitchen more than the one that I have now.
iirc, that place is next door to one of the best hotels in London, and residents can use the hotel facilities, including room service,
pretty sweet eh, especially when ye wake up hungover and ye have three hungry high class hookers to feed,
Agenda 250,000,000
"Kitchen looks a little narrow to us... (and no Sodastream)"
It's designed for servants only.
It looks like a standard European kitchen. I mean, who cooks at home?
By the way, is "putz" yiddish?
Why do they have such dreadful furniture in these expensive places?
If you do your research properly - then you won't end up doing the marketing for the candy brothers!
It's easy to get publicity when you're mates are buying your property - or if that fails - the DEVELOPMENT company!
Nobody is really buying this property - even the uber-wealthy have more sense than to buy at the top of the market at the top of a bubble.
How do you think people get rich in the first place?
You can read it all here.
http://en.wikipedia.org/wiki/One_Hyde_Park
Note the lack of sales and the repo already!
This same 'non-story' has been picked up and spouted by all the lamestream media.
Doesn't anyone research anything these days?
I'm sure this was the plot to that film 'the sting' - you get your mates to invest to encourage others (the marks) to be suckered in....
Who needs a kitchen when all you do is order in pizza or take-out chinese?
I see the buyer gin the near future going bankrupt and pulling a Steve Martin's "The Jerk" walk-out...
"I don't need anything...but I need this chair...and my dog Shithead!"
of all places in the world.....london?!?!?!
what a dive
he has got a LOT of other places already.. hard to understand?
too bad he cannot buy 10 more years of life on planet earth.
hahaha!
With the "very healthy" black market in organ transplantation, do not be so sure. There are numerous "high profile" cases of the powerful and well-connected easily jumping the queue, and there are plenty of surgical teams keen to provide "services"of this nature to those with the means.
As for cancer, ther's a lot of interesting research in "invividually tailored (i.e. genetically adjusted) targeting therapies". Some at early trials stages, nothing really licenced yet, but (as always), those "with means" have the means to circumnavigate the bureaucracy, and when one's demise is pretty imminent, money becomes far less of a problem, if you get my drift . . . .
Cancer is not a genetic disease, but a metabolic disorder.
Feed your cells ketones instead of glucose for cellular energy, and you will never get cancer.
Like my grandpa used to say -
"Be true to your teeth or they will be false to you."
this purchase literally is a CRIME AGAINST HUMANITY. literally.
Brand New Key
http://www.youtube.com/watch?v=ZIFknAdVvNM (3:00)
Cher - Brand New Key 1971 (Melanie Safka cover)
http://www.youtube.com/watch?v=WWyfEv111wE (2:37)
The Dollyrots - Brand New Key (Official Music Video)
http://www.youtube.com/watch?v=vXCj_t_tBxo (2:59)
Plenty of space to grow potatoes when TSHTF.
The more expensive these palaces get the more tasteless they actually LOOK.
All glass & steel. Where's the human scale? All new...no history, no woodwork, even the furniture doesn't give a nod to classic style or design. Not even a hint of Frank Lloyd Wright here - the place looks like the interior of some hotel lobby or spaceship.
From a utility / view / services viewpoint, probably not bad value at all (especially in regard of the prices expected (and paid) for lesser properties in, e.g. Kensington.
1. Very nice (and probably "never to be obstructed") view out over Hyde Park,
2. Right in the heart of one of the World's major Cities, with all the quality experiences that are intrinsic to such a location,
3. Excellent transport links Worldwide - minutes (by fast underground) to the World's busiest airport - Heathrow, even shorter transit times to the Eurostar London terminal. Very fast Public Transport links to Gatwick and Stanstead.
4. Easy access to all the major UK motorways,
5. Easy (and fast) access to all the UK mainline rail termini.
6. Excellent availability of World Class medical care - either via the many World Class London (NHS) Hospitals, or the equally reputable Private institutions (e.g. The Cromwell).
In comparison for the VERY much more overinflated prices in any Australian major city (especially Sydney and Melbourne), for far, far less utility value, I regard it as pretty good value indeed.
(Not that I'll be making the new owners any offers, of course - the commute would be rather extreme!)