Bauble or board game?
On Monday, September 15, 2008, Herzog & de Mueron’s 56 Leonard Street was unveiled. That same day, Lehman Brothers collapsed. As you can guess, this Jenga-like tower never got off the ground—if anything, the Tribeca luxury tower was the exclamation point capping off the real estate bubble in the city. And yet now is your lucky opportunity to buy into the project: Curbed tipped us off to an eBay sale of one of 300 limited edition models of the project—#37 to be exact. Taking the Jenga theme to an extreme, the model actually comes apart, so its 145 pieces (one for each floor/residence) provide “a means of exploring the tower’s radically innovative design.” The model even has a replica Anish Kapoor sculpture at its base, just as the tower was supposed to, a symbol of the excess of the times that’s now seen as bad taste. Amazingly, there must still be demand for design even in these rough times, as bidding, which Curbed said started at a penny, is up to $187.50. Is there no end to the madness?
UPDATE: Apparently not. No sooner did we hit publish than the auction jumped 8 bids and the price now stands at $228.50. And this is only after the first day. Are we looking at a bubble here?