Larry Gagosian

The parties at Miami Art Basel, which this year runs from Dec. 4 through Dec. 7, are always decadent. And judging from this week's underwhelming party scene here in New York, some of our socials departed earlier in the week for the pool and rooftop parties in hotels a little further south. While the mega-fetes begin tonight, a few early comers have already been spotted out and about.

As the Miami Beach Convention Center opened yesterday, Faye Dunaway as well as Julian Schnabel and his son Vito strolled around gazing at the discounted works of art, reported Bloomberg. Calvin Klein, for his part, offered this about the general mood: “It will be interesting to see how the attendance and sales are affected.  read more »

Socialite Allison Sarofim is also getting involved in movie production.

Ms. Sarofim, who grew up in Houston, moved to New York seven years ago. Her father is the famous Egyptian-born financier, Fayez Sarofim, a.k.a.  read more »

Last week, The Observer reported that the five-story, limestone mansion owned by investor Jaqui Safra and his wife, producer Jean Doumanian, was being quietly offered for $50 million. Rumors even circulated that art dealer Larry Gagosian was a prospective buyer.

But there is nothing quiet about this listing. The 20,000-square-foot property is now officially on the market for $55 million, with broker Ann Cutbill Lenane of Prudential Douglas Elliman. It is the highest priced mansion in Manhattan, topping two $50 million residences currently on the market.  read more »

A call placed to Ms. Lenane’s office has not yet been returned.

-Michael Calderone

Choire Sicha investigates the future of cruising: What do all these new developments in traditionally cruising-friendly areas--waterfronts, windswept canyons between buildings late at night, parks--mean for men who go out in search of tearoom trade?

Jaqui Safra has "quietly" (read: no brokers) put his Upper East Side limestone mansion on the market for $50 million--making him the latest bid to break the record set by Rupert Murdoch, who purchased the Rockefeller triplex at 834 Fifth Avenue for $44 million. Uber-gallerist Larry Gagosian's "people" deny a rapidly spreading rumor that he's buying the place--for the asking price.  read more »

David Walentas, the guy who turned all of the cool factory buildings in Dumbo into expensive lofts, is trying to get a piece of the action as the city begins to parcel out development land adjacent to the planned riverfront park at the Brooklyn Bridge.

Remember when we were worried all those nice Chelsea gallerists like Matthew Marks and Barbara Gladstone were on the way out? Umm, not any more. Brook Mason finds out just how much dough they're raking in these days.

Go-Go in LimboWhen former ImClone chief executive Sam Waksal pleaded guilty last March to conspiring  read more »

On the eve of Steve Wynn's resignation as chairman and chief executive of Mirage Resorts Inc., Advan  read more »

When Larry Gagosian first came to New York from Los Angeles in 1986, he opened a small gallery on We  read more »