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456 N. Rodeo Drive Value Doubles In One Day Turnaround

Posted Thursday, March 29, 2018 – 6:40 PM

By Victoria Talbot

In one day the property at 456 N. Rodeo Drive doubled from $55 million to $110 million.

Paris-based LVMH Moet Hennessy Louis Vuitton Inc. purchased the property from Florida-based private equity group Sterling Organization. They had acquired it one day earlier for $55 million, making a $55 million profit in one day on the 6,200 square-foot location.

For full story see the print edition of The Beverly Hills Courier, or download the e-edition.

One response to “456 N. Rodeo Drive Value Doubles In One Day Turnaround”

  1. says:

    I have very basic historical info that this property was know as the “Raymond Burr Gallery” and its grand opening was March 31, 1960! As for this knowledge, I gained it by watching a very recent episode of PBS’s “Antiques Roadshow” about a very rare and valuable movie collectible, a “belt buckle” presented to J.l. Datu Arensma, who was the art director of the iconic John Wayne western film, “Red River.” The great film director Howard Hawks had several of those buckles made for John Wayne, Cliff Montgomery, and others including J.L. Datu Arensma. A fellow from CA brought his buckle that belonged to J.L. Datu to the show, and it appraised at $3000+. However, what was important to me was I own two of J.L. Datu’s paintings, and he had exception talent. Where the “provance” and connection to this 456 N. Rodeo Drive property is the present owner of that buckle also brought a photo of J.L. Datu Arensma, TV great Raymond Burr and also his grandfather, famous art director Alexander Golinetz attending the frand opening of Raymond Burr Gallery, dated, etc…so this is just a little back story on this property you see! I’d like to know if any other history or records are available regarding that time frame when it was the gallery.. Thanks!!! Tim Beasley, Vegas Tributes, 757-589-0903

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