Archive for February, 2007

Museum of Modern Art

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In its February issue, Monopol, a German contemporary art magazine, profiles 740 Park, calling it a museum of modern of art, and detailing the holdings of residents past and present: 45 Picassos, 54 Cezannes, 23 Klees, and more.

Fracas at 1000 Fifth

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The Metropolitan Museum of Art is about to open its five-years-in the-making new galleries for Greek and Roman antiquities, centered around what it calls the “majestic” and “monumental” Leon Levy and Shelby White Court, formerly the museum’s restaurant. I’ve been researching a history of the Metropolitan, to be published by the Doubleday-Broadway division of Random House. What I heard this weekend can’t wait for the book. The press will surely chronicle the bold-face attendees at the April 20th opening. But they should also pay attention to who doesn’t turn up, for that may signal whether the reign of longtime Met … Continue reading

Schwarzstock

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Fortune magazine is the latest to chime in on Steve Schwarzman’s party (and the business acumen that paid for it) in a cover story out today, “The New King of Wall Street”. Alas, the story must have closed before Henry Kravis and KKR trumped Schwarzman’s $39 billion deal with one valued at $45 billion. Your move, Steve.

Henry’s Is Bigger Than Yours

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Steve Schwarzman may live in a bigger apartment than the one Henry Kravis used to own at 740 Park (or rather, the more discreet side entrance at 71 East 71st Street), but according to the New York Times, Kravis’s Kohlberg Kravis Roberts (along with Texas Pacific Group) is about to top the $39 billion deal Schwarzman’s Blackstone Group made recently for a big batch of office buildings, and retake the private equity crown for having pulled off the biggest leveraged buyout ever — the $45 billion takeover of a Texas utility company. Makes the cost of their $30 million apartments … Continue reading

Midas Unmuffled

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Michael M. Thomas, the heroically candid Midas Watch columnist at the New York Observer, quite properly points out that he was the first ink-stained, uninvited wretch to find something wretched about what he presciently described — before it even happened — as the “one-night orgy of self-promotion for several hundred ‘friends’” that was Steve Schwarzman’s birthday party. In today’s Observer, in a column called Resurrected by the Wrath of Liz Smith, Thomas gets some kicks kicking Smith’s recent critique of his critique of… well, once again, you get the idea. This is now, finally, all too metanarrative for me.

Shelter from the Schwarzman

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From today’s e-mailbag. Can anyone answer this question: “The only exception I took with the press coverage of [Steve] Schwartzman‘s party was that no one mentioned that while the revelers were eating caviar and champagne downstairs [at the Park Avenue Armory], on the coldest night of the year, there were lots of women who had come in from the cold to spend another night in the women’s homeless shelter on the second floor of the armory. I’m curious to learn if Schwartzman made a donation to the shelter?” Inquiring minds want to know!

Blogrolling in Our Time

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Following hard on the heels of the post just below, defending her coverage of Steve Schwarzman’s recent Me-fest, today’s Liz Smith column (second item) spotlights Gripebox’s coverage of her coverage of… well, you get the idea. Smith also reveals that one more “working” journalist attended that fete but has yet to write it up: 740 Park First Lady, Thursday Styles big blonde shopping critic, Gawker punching bag (and sometimes Gripebox subject) Alexandra Kuczynski. Speaking of Gawker (where this commentator was once guest-editor), they get some licks in, too.

No Good Deed Goes Unpunished

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So… as noted (and praised) below, the reigning Queen of Gossip, Liz Smith, was the only working journalist I could identify who both got an invitation to, and then reported on, the 60th birthday party that 740 Park’s most illustrious resident, Steve Schwarzman, gave himself last week. Alas, the Valentine La Liz sent to Sir Steve three days ago was not entirely appreciated — and today’s Smith pillar indicates that the billionaire’s second wife, Christine, took exception to Smith’s choice of nomenclature when she described Schwarzman as a member of the Rich Kids Club, complaining that phrase should only be … Continue reading

Kiss, Kiss Sweet Charlotte

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A friend asks why I’m being so hard on “journalists” who attended Steve Schwarzman’s birthday party while their lessers were penned outside like the penurious ink-stained wretches many of them likely are. I refer her and you to Charlotte Curtis, the late bright star writer and editor of the New York Times Style section in the days when it was called the marshmallow section but was actually as sharp as the scalpel Curtis was said to wield in place of a pen, cutting her subjects so fine they didn’t know they were bleeding. Curtis once told me she always brought … Continue reading

Signs of the Apocalypse

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The ripples from Steve Schwarzman’s birthday party continue to disturb the placid surface of society. Jacob Bernstein of WWD (behind a firewall) gets all investigative about a party one anonymous guest deemed “soulless” and another, “the end of something.” TV Guide agrees, quoting another of Schwarzman’s hundreds of intimates, whose feeling is that the night was “a sign that a buyout bust could be just around the corner.” Though I know it’s unlikely, I hope Saul Steinberg is getting a kick out of this. I’m also hoping that next week’s New York mag will include an insider account from its … Continue reading

This Way to the Schwarzman Bar Mitzvah

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Page Six ladles out more details on 740 Park’s most publicized publicity-shy resident, Steve Schwarzman’s 60th birthday bash, including one guest’s pithy review: “The whole evening felt like a bar mitzvah on steroids.” If true, it was likely the first-ever New York bar mitzvah where the Knickerbocker Greys played ushers. According to the New York Times blog Dealbook, “A smattering of reporters and photographers were held in a pen well away from the front door. ” The world still awaits the eyewitness accounts of the only working journalists who made the guest list cut and got inside: CNBC’s Money Honey … Continue reading

Trompe L’Oiel or Trump L’Oiel?

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New York Social Diary’s David Patrick Columbia looks askance (towards the bottom of the page) at last night’s 60th birthday fete for financier Steve Schwarzman, where the decor featured a trompe l’oiel (or fool the eye) recreation of the Schwarzman’s famous duplex apartment at 740 Park (which Page Six upgraded today from a $29.9 million apartment — the price Schwarzman actually paid in 2000 — to a $40 million apartment. Nice return on investment, Steve!). Expect more commentary on the pricey fete (Columbia speculates it cost about $15 million) that appears to have been far more evocative of the style … Continue reading

Howard’s Power

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Nikki Finke’s Deadline Hollywood Daily and Gawker review this week’s New Yorker, which contains a profile of PR man extraordinaire Howard Rubenstein that adds up to, per Finke, “the usual ceo porn that [profiler Ken "Access"] Auletta spins out,” or as Gawker puts it, “a whole lot of nothing”. Back in 1999, I profiled Rubenstein, too, in a cover story called “Shadow Warrior” for another magazine with New York in its name. It may fill in some of the blanks.