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Architexturez > Mail > [ In-Enaction ] auctions: What Price an Authentic Louis Kahn House?

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+  From: Architexturez-IN <admin-in@xxxxxxxxxxxxxxxxx>
+  Date: Fri, 21 Mar 2008 12:09:58 +0530
“I had the house appraised, and not factoring in historical value, we are well above what that tax roll shows,” Mr. Wright said. “It’s also important to understand the premise of the auction, that we believe this is a house of real signature property, of substantial historical importance — i.e., like a work of art — so the local value of the real estate is never going to be the true picture. I think if it were just a home on that site, it would just be a million dollars. The point is, it’s worth $2 million because it’s an architectural gem by Louis Kahn.”

cont'd....
http://www.nytimes.com/2008/03/13/garden/13kahn.html?_r=1&ref=garden&oref=slogin

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