Brant Publications Inc. owner and Chairman Peter Brant and his wife, model Stephanie Seymour, sold their oceanfront Sagaponack Village residence for $26 million in an off-market transaction at the start of the year.
Mr. Brant and Ms. Seymour had owned 159 Trees Lane since 2002, town property records state. According to The Real Estate Report Inc., the sale closed on January 15 and the new owner is known only as Beach Sag LLC.
Trees Lane is so-named not for trees, but for the man who subdivided the land, James F. Trees. The structure at 159 Trees Lane dates back to 1930, but the “effective year built” of the one-story, five-bedroom, four-bedroom house that stands there today is 1994, according to town records.
The property has a pool and a pond, and borders preserved fields to the west and north.
Mr. Brant was the heir of his father’s newsprint-making fortune, and his New York-based company publishes magazines Antiques and Modern in addition to Interview magazine since the death of founder Andy Warhol 1987. Mr. Brant also has film credits: He was a producer of 1973’s “L’Amour” and 1977’s “Andy Warhol’s Bad,” and executive producer of the lauded films “Basquiat” and “Pollock,” the latter of which Ms. Seymour had a part in as abstract expressionist painter Helen Frankenthaler.
ARTnews magazine named Mr. Brant one of the top 200 art collectors, with works by Mr. Warhol, Urs Fischer, Maurizio Cattelan, Jean-Michel Basquiat, Jeff Koons and many others in his collection, part of which is kept at his namesake Brant Foundation Art and Study Center in Greenwich, Connecticut.
Ms. Seymour’s career has included appearing on the cover of Vogue and in the Sports Illustrated Swimsuit Issue and in two Guns N’ Roses music videos, “Don’t Cry” and “November Rain.” She is also a former Victoria’s Secret Angel who launched her own lingerie line in 2017.
Staff Writer on Apr 19, 2021