Fan­tasy Camp

Pierre cardin has just listed his fu­tur­is­tic com­pound in the south of France for an eye-pop­ping $455 mil­lion.

Forbes - - Home Equity -

NINETY-THREE-YEAR-OLD avant-garde fash­ion de­signer Pierre Cardin is sell­ing out. In late Septem­ber he listed his outré “Bub­ble Palace” on the Côte d’azur for a re­ported $455 mil­lion. The 13,000-square-foot com­plex—which looks like a cross be­tween a Flint­stones amuse­ment park and some­thing a der­ma­tol­o­gist might treat—con­tains 28 spher­i­cal rooms, two swim­ming pools and a 500-seat amphitheater.

If he gets his price, Le Palais Bulles will be the costli­est known sale of a pri­vate res­i­dence ever—and by a wide mar­gin the most ex­pen­sive to change hands on the French Riviera. Sev­eral nearby man­sions have been listed for more than $100 mil­lion in the past decade—but that’s still about 80% less than Cardin is dream­ing of, and none of those homes looks as if it were de­signed by a toddler with a beige crayon.

Ad­mit­tedly, there’s the saga of Villa Leopolda in Ville­franche-sur-mer, which was com­mis­sioned by King Leopold II of Bel­gium and was once home to Fiat ti­tan Gianni Agnelli. Bil­lion­aire Mikhail Prokhorov re­port­edly made a $750 mil­lion ofer to the villa’s cur­rent owner, Lily Safra, in 2008—but then backed out (and lost his $55 mil­lion de­posit).

But ask­ing $455 mil­lion for an ec­cen­tric home half the size of Villa Leopolda? That’s either per­for­mance art … or mar­ket­ing ge­nius.

store­front | 29, 29 Burch Cre­ative Cap­i­tal | 28

in­fa­tion­ary: pierre cardin’s Bub­ble palace is cer­tainly not your av­er­age half-bil­lion-dol­lar prop­erty.

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