After a number of years in the marketplace and a value reduce, the long-time house of late pop artist Roy Lichtenstein lastly modified arms.
An entity known as LBM Belief bought the property at 50 Gin Lane in Southampton for $17 million, Behind the Hedges reported, citing Suffolk County deed information. LBM went into contract for the deal again in April and it closed in August.
The deal for the historic 5,800-square-foot carriage home breaks right down to $2,931 per sq. foot. The property of Roy’s late spouse, philanthropist Dorothy Lichtenstein, listed the two-acre property on the market in 2024 for $20 million earlier than decreasing the asking value by $2 million.
On the time it was put in the marketplace, it was the primary time the house had been made obtainable in additional than 50 years. Dorothy died in July 2024, whereas Roy died in 1997.
The primary construction dates again to 1987, however has undergone a number of expansions and modifications. The three-level house with 5 bedrooms and 6 bogs is adorned with glass partitions to see out on the grounds and a eating room that opens into the yard. The outside house additionally has views of the Atlantic Ocean.
Different options embody a rooftop deck and a non-public pathway to the seashore.
Sotheby’s Worldwide Realty’s Harald Grant and Bruce Grant represented Dorothy’s property, whereas Tim Davis of The Corcoran Group served as co-exclusive agent. All of them declined to touch upon the sale.
Roy Lichtenstein was a pivotal determine within the pop artwork motion, alongside contemporaries reminiscent of Andy Warhol and Jasper Johns. His most notable works embody “Drowning Woman,” “Look Mickey” and “Masterpiece,” which notched a $165 million sale in 2017.
Listings fell practically 23 p.c within the Hamptons final quarter, right down to roughly 970 in comparison with 1,260 in the identical interval in 2025, based on information from Miller Samuel and Streetmatrix. The drop in provide marked the third quarter of declines in a row, restraining gross sales throughout the luxurious enclave. The variety of transactions logged through the interval fell 9 p.c year-over-year.
Greater than 65 p.c of offers fell within the $1 million to $5 million vary, a continuation of a pattern that started earlier this 12 months. That shift pushed the median sale value right down to lower than $1.9 million, a roughly 6 p.c decline from $2 million a 12 months in the past.
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