Italian businessman Giancarlo Giammetti, a co-founder of the Valentino fashion house, has listed his penthouse in Sutton Place for $17.5 million, less than he purchased it for.
Giammetti bought the apartment on East 58th Street in 2010 for $18.5 million. The interior of the three-bedroom penthouse was designed by French interior designer Jacques Grange. It features floor-to-ceiling windows, views of Central Park, mosaic stone walls and leopard-print carpeting.
The apartment is on a high floor of a building constructed in 2003 that has a gym, a playroom, a business lounge and valet parking.
Allison Koffman, Juliette Janssens and Nadia O’Reilly, the Sotheby’s agents who listed the property, did not respond to a request for comment by press time. Martha Kramer, who listed the apartment for Brown Harris Stevens, also did not respond to a request for comment.
Giammetti met fashion designer Valentino Garavani in Rome in 1960, and together they founded the Valentino fashion house. They were in a romantic relationship for 12 years, which was first revealed in a 2004 Vanity Fair interview with the pair.
The pair sold the brand in 1998 for $300 million but stayed on at the company. They eventually retired in 2007 as the fashion house was sold to a British private equity firm in a deal valued at 2.7 billion euros, according to The Financial Times.
Giammetti appears to own no other real estate in New York City under his own name.
