A slice of Hamptons paradise that once belonged to Andy Warhol just sold for $50 million - a record for Montauk, listing agents told the Wall Street Journal.
The family behind Arm & Hammer baking soda built the estate as a mere fishing camp back in the '30s. Pop art godfather Andy Warhol then scooped up the compound in the '70s for a mere $220,000, hosting the likes of Jacqueline Kennedy Onassis, the Rolling Stones, and John Lennon.
The most recent owner was J. Crew Group CEO Micky Drexler, who purchased the property for $27.5 million in 2007.
Originally part of a 21-acre estate with a separate 24-acre horse farm across the street, the property has now been divided up. The Warhol Estate donated 15 of the estate's acres to a nature conservancy, and the newest buyer, art gallery owner Adam Lindemann, elected not to purchase the horse farm, which is still currently on the market.
Douglas Elliman's Ronald White and Paul Brennan had the listing.
Brittany Fowler contributed to an earlier version of this article.