From The Real Deal: Warner Music owner Len Blavatnik is suing David Wildenstein, saying the art-dealer dynasty heir reneged on a gentleman’s agreement to sell him one of the city’s toniest Upper East Side townhouses.
In a new Manhattan lawsuit, Blavatnik claims he “shook hands” with Wildenstein on an agreement to buy the family property at 19 East 64th Street for $79 million. The billionaire, who is an investor in the Broadway hit “Hamilton,” says Wildenstein pulled out of the deal, the New York Post reported. According to court filings, Blavatnik is accusing Wildenstein of simply using his offer to get a better price for the property. [more]