Guccione's Penthouse Magazine Palace: Bids Are Out, $59 Million Is In

Pretty in pink

The bidding for Bob Guccione's grand and gaudy and gorgeous Beaux-Arts townhouse at 14-16 East 76th Street is finally over.

But does the 17,000-square-foot mansion have a new owner? Nope.

According to Corcoran's website, the place is now being listed for $59 million--$14,000,000 more than the minimum bid.

If it seems like a hefty price tag, take solace in the memory of that original $99 million asking price. Furthur reasons to celebrate, via Wikipedia's bio of Bobby G:

In contrast to Hugh Hefner's Playboy Mansion, whose phenomenal parties are the stuff of legend, life at Guccione's mansion was remarkably sedate even during the hedonistic 1970s. Reportedly Guccione once had a party guest thrown out simply for jumping into the swimming pool fully clothed.

Stay tuned for updates from the listing brokers Leighton Candler and Lisa Simonsen...

- Max Abelson