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COURTESY MERIDIAN CAPITOL GROUP. PHOTO SYLVESTER ZAWEDZKI
Angelina Jolie has signed a long-term lease for a building that used to be the studio of two art world superstars , Andy Warhol and Jean-Michel Basquiat, for a period of 8 years to preserve art and utilize the space for her new creative business the “Atelier Jolie.”
The building is located at 57 Great Jones Street in New York, which Warhol originally purchased in 1970. When Basquiat met him, he asked to rent the second floor to live and create his art from 1983 until the end of his life in 1988.
The building has three floors and approximately 613 square meters of space. The front façade features graffiti artwork by anonymous artists. John Roesch and Garrett Kelly, both directors of real estate agency Meridian Capital Group, which manages the building mentioned that Jolie intends to preserve the building’s original atmosphere to showcase the working environment of Basquiat, and also her own appreciation for the street art in the front. It serves as a kind of public monument to commemorate Basquiat.
The details of the lease agreement have not been disclosed, but according to information from Artnews, the building is rented for approximately $60,000 per month with a minimum 10-year lease.
Both Angelina Jolie and Brad Pitt are known to have accumulated a vast collection of artworks, including works by Banksy, Richard Serra, and Marcel Dzama, among others.”
