There’s a sale on at Tommy Hilfiger’s! Designer cuts price of Plaza penthouse by more than $20M

What a night! Good vibes, a great crowd – and one incredible life story. #AmericanDreamer

A photo posted by Tommy Hilfiger (@tommyhilfiger) on

Tommy Hilfiger knows when to have a sale. The designer — who just published a book about his brand called “American Icon” — has chopped the price of his penthouse at the Plaza from $80 million to $58.9 million, more than a 25% drop.

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As listing agent Oren Alexander told the Wall Street Journal, this unit is “not your cookie cutter new condo.” Hilfiger decorated it lavishly with pop art, a mural featuring Eloise and lots and lots of antique mirrors and black lacquer. “We really wanted to build a home,” Hilfiger told the Journal. The furniture and art are not included in the purchase price. He is selling it because he and his wife, Dee, say they spend most of their time in Greenwich, Miami and Mustique.

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The couple bought the 5,600-square-foot duplex condo from the developer in 2008 for a total of $25.5 million. He listed it in 2013 for $80 million, and the price has since dropped to $75 million, then to $68.95 million and now to its current price of $59 million.

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Hilfiger recently made headlines for launching a capsule collection with supermodel Gigi Hadid (which sold out immediately) and for his new book “American Icon.” He held a star-studded book party at the Clocktower at the New York Edition Hotel last night. [WSJ]

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