www.observer.com/2009/real-estate/wexner-asks-60-m-godl -
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Published on: 1/1/2009
Last Visited: 1/21/2009
Les Wexner
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By January 1996, the billionaire Les Wexner hadn't spent two months in his 21,000-square-foot stone mansion on East 71st Street, even though he had bought the place seven years earlier, his protégé Jeffrey Epstein told The Times.
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This week Mr. Wexner is doing something else with his family's rarely used duplex at 834 Fifth Avenue, easily one of the three most lusted after apartment houses in New York City.
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Mr. Wexner, whose conglomerate owns, among other things, Victoria's Secret, paid a reported $9 million for the fifth-floor duplex in 1997.
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Cooling aside, Mr. Wexner's five-bedroom, 16-room apartment is meek compared to the yacht he built that same year (Limitless was once the longest in the world by 110 feet), or compared to the heated-sidewalk townhouse, or to the East 78th Street mansion his firm bought in 1985 for office space.
He put it back on the market within a few years, though it finally sold for a reported $32 million in 2000.
This January, Mr. Wexner's wife, Abigail, bought a 3,480-square-foot apartment at 15 Central Park West for $13.1 million.
A source said the condo is for Ms. Wexner's mother (wonderfully named Zipora "Zippy" Goldman Koppel); Ms. Wexner wanted to buy the unit above her mother's so that the condos could be combined into a very big, very happy family duplex.
But the windows in the higher unit turned out to be unsatisfactory.
"It's not the same view," Ms. Wexner said, according to the source.
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But Mr. Wexner isn't a rushed seller.
"They truly do not use it," a broker who's not connected to the duplex listing said.
"It sits there in very mint condition."
Mr. Wexner and his two brokers would not comment.