Despite several weeks of jokes that it could not be done and critics accusing the sale of being a PR move, Sandy Weill, the former CEO and Chairman of Citigroup, sold his Manhattan apartment for $88 million. This nearly doubles the record sale set last year of $48 million for a New York Apartment. The buyer isn't named, but is suspected to be a Russian billionaire. The prices paid for New York City apartments are enormous by any measure, but they would suprise no one more than Peter Minuit, a little known man who purchased the entire island of Manhattan in 1626 for $24.
You can find the article here on The New York Observer website.
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