Billionaire art collector and Upper East Side gallerist Adam Lindemann’s in contract to buy Andy Warhol’s former oceanfront compound in Montauk.
The 1930s property was originally built as a “fishing camp” and still includes the main house plus six more beachfront cottages.
The seller is J.Crew CEO Mickey Drexler, who combined Warhol’s 5.7-acre estate, known as Eothen, with a 24-acre horse farm, and listed the entire property for $85 million.
But “[Adam] had no interest in the horse farm,” a source told us, and he’s just buying a parcel that’s the original Warhol property.
Lindemann also told Page Six: “I knew Andy in the early 1980s as a very young man, and I’m a collector of his work . . . I’m very lucky to have this opportunity to live out this dream. It’s a work of art.”
Guests in Warhol’s days included Elizabeth Taylor, Mick Jagger, John Lennon, Halston and Jackie O.
Keith Richards was photographed cooking shirtless in the home’s kitchen in 1975.
Warhol bought the estate with Paul Morrissey for about $225,000 in 1972. Drexler paid $27 million in 2007.
Lindemann said much of the original acreage Warhol and Morrissey bought was donated to the Peconic Land Trust, as was land next door, by Dick Cavett.
Hamptons lawyer Joseph M. Burke is repping Lindemann. The listing brokers were Ed Petrie, who just left Sotheby’s for Compass, and Paul Brennan, of Douglas Elliman.
Additional reporting by Ian Mohr