Gail and Barry Grant auctioned off their estate in New York on Wednesday for $2.8 million.
The estate is valued at $1,939,000, and it’s the largest ever sale for the Grant family, who were once celebrities in their own right and had their own movie and television shows.
A spokesperson for the auction told Billboard that the couple sold the property in September, and the sale was conducted through a private auction.
The sale is the culmination of more than 30 years of Grant’s life, and was conducted with a private consortium of investors including former New York City Mayor Rudy Giuliani, hedge fund manager and former U.S. Secretary of Housing and Urban Development (HUD) Robert Reich, and real estate developer and philanthropist Robert Galbraith.
“The estate is owned by Mr. and Mrs. Grant and they have been blessed with a great family,” said the spokesperson.
“We are delighted to offer this estate to the public for the first time.”
“We’re very excited about it and we hope people will enjoy it, too,” Galbrais said in a statement.
“They are a very special couple and I’m so grateful to them for making it this far.”
“I think the public will appreciate the value of this estate,” Galbarzith added.
“It’s been such a great privilege to work with them.
It’s a lot of fun and it feels great.”
The estate includes more than 70,000 acres, with more than 1,500 residences, and is located on the outskirts of Manhattan, New York.
Galbraiths daughter, Stephanie Galbraitz, told the New York Post that she believes it’s worth $7.5 million.
“This estate is a great gift to the people of New York and we’re grateful to the New Yorkers who voted for us,” Galbaziths daughter told the newspaper.
“People should go out and visit this estate, see the people and the gardens.
It’ll be really special.”
Galbraiks daughter Stephanie Galbazoz said the family plans to give the estate away to children, but they don’t want to leave behind the history of the family.
“I really think it’s a great opportunity for our children to see the history,” she said.
“A lot of people know about the family, but there’s not as much of that behind the scenes.”
The auction was organized by the Galbrazes, who have also been involved in several charitable endeavors, including the Gail & Bertie Foundation.