December 23, 2012
Advertising Guru Sells Hamptons Estate: ‘I don’t Want My Money Going To Obama’ ~ GOOD for him! Good idea!
Advertising Guru Sells Hamptons Estate: ‘I don’t Want My Money Going To Obama’
He got taxed out of town.
Legendary advertising guru Jerry Della Femina is the latest Hamptons fat cat to unload his East End spread at the precipice of the dreaded fiscal cliff, The Post has learned.
The flamboyant Madison Avenue guru has sold his 8,500-square-foot estate — the host of many legendary Hamptons bashes — for $25 million, and blames his flight squarely on President Obama’s fiscal policies.
“I want the proceeds of this sale to go to my kids and my grandkids,” said the man behind iconic ad campaigns for Meow Mix and Absolut Vodka. “I don’t want my money going to Obama, and that’s what’s going to happen in the New Year. That’s why I sold right now, that’s why I wanted to get this done.”
The listing broker for the East Hampton oceanfront property, Corcoran’s Susan Breitenbach, declined to comment on the megabucks deal.
Sources said that the buyers are a New York based family.
Della Femina’s buzzer-beating sale is just one of many big-ticket closings sweeping the Hamptons as affluent homeowners seek to move their blue-chip digs before taking a capital-gains beating in the coming year.
Wild Thing's comment..................
Good for Jerry Della Femina and I am glad others are doing the same thing.
Posted by Wild Thing at December 23, 2012 02:55 AM
The new taxes and tax increases we will see in the next 5 to 6 years will be mind boggling. Two thousand pages of obamacare taxes, 16,000 new IRS agents and purchase of millions of rounds of ammunition for the IRS mean that this govt. is not kidding. Hang on to your hats, if you can afford a hat. Take care of your ass because it is about to belong to obama.
Posted by: TomR,armed in Texas at December 23, 2012 12:25 PM