Results tagged “bidding”

Gaudy Central Park restaurant Tavern on the Green may be an overpriced tourist trap, but it's still the #2 top earning restaurant in America, grossing $34,221,691 last year alone. But plenty of restaurateurs think they can do better, and when the LeRoy family's 25 year operating license expires December 31st, the former sheepfold may fall under new ownership. The city, which owns the property, also thinks it can do better; as it stands now, the LeRoys are only required to pay 3.5% of their gross receipts to the city, while licensees at other Parks Department properties like the Central Park Boathouse pay up to 16.5%. City Room tagged along during a recent tour of Tavern for potential bidders, and learned that should the LeRoys lose the bidding war, they'll be stripping the place of every last bit of its "fantasyland décor." They'll even be keeping the rights to the restaurant's name, which they've had appraised at a value of $19 million. Given Tavern's notoriously mediocre reputation, you'd think the new owners would be paying the LeRoys to take the name with them on their way out.

From Scar Jo's snot to entrepreneurial virgins, eBay's got it all! So why not (formerly) valuable NYC apartments? Desperate brokers have now started using the auction website to let online shoppers in on an "amazing opportunity to own in Manhattan." Last year a studio apartment downtown went up on eBay with a price of $529,000, attracting zero interest. But this new offering has at least attracted one bid: $350,000 on an East Village two-bedroom that's priced at $425,000 on the broker's website. (Curbed cynically speculates that the lone eBay bid is merely a fake starter bid placed by the broker himself.) But a second eBay listing for an apartment in Hell's Kitchen, a one bedroom with an asking price of $325,000.00, has thus far received zero bids. With two days left on the auction, there's still plenty of time to jump on this "amazing opportunity" for ownership—or dare we say pwnership? [Via Curbed/Urban Digs.]

The gripping saga of the giant truffle that came to New York City from Italy with stars in its eyes has come to a modest end in the Second City. After being jerked around by just about every hot shot restaurateur in town, the massive 2.15 lbs white truffle packed its bags and set sights on Chicago, where the Four Seasons decided to give the kid a shot. Tyler Gray, the truffle's business manager, tells us he inked a contract last week for "our regular price for large truffles, $3,200 per pound." We hear the talented tuber is really making a go of it over there, and was recently spotted canoodling with Oprah Winfrey's noodles.

Oh, remember how this time last year Le Cirque owner Sirio Maccioni thought nothing of dropping $7,000 on a 1.1 pound white truffle? Those were the days. Now, with Wall Street rapidly turning into Skid Row, it's hard out there for a truffle.

You'll recall how excited everyone was—EVERYONE—last October when Le Cirque owner Sirio Maccioni bought a "perfectly round, pristine" 1.1 pound white truffle for $7,000. Child's play! Behold the 2.15 lbs white truffle that has just arrived on our shores from Alba, Italy. It's been acquired by Mikuni Wild Harvest, whose representative Tyler Gray writes:

A very excited Italian gentleman named Francesco the Forager stumbled / sprinted out of the forest mid afternoon in a haze of deliria and joy, grasping tightly to his most precious find ever...a 2LB WHITE ALBA TRUFFLE....2.15 lbs to be exact & by far the largest White Truffle to land in the USA in the last 3 years.

Continue reading "Mother of All Truffles Tours NYC in Search of $$$"