{"id":15987,"date":"2017-10-23T07:59:07","date_gmt":"2017-10-23T07:59:07","guid":{"rendered":"http:\/\/dominiclevent.com\/blog\/?p=15987"},"modified":"2019-04-17T17:16:07","modified_gmt":"2019-04-17T17:16:07","slug":"yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year\/","title":{"rendered":"Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2bn divorce battle between an 80-year&#8230;"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div itemprop=\"articleBody\">\n<p class=\"mol-para-with-font\">Standing in front of a clapping crowd, his sailing crew raising their arms in victory and waving the St Barth\u2019s Bucket trophy behind him, Harry Macklowe accepted the win for his superyacht Unfurled. It was March 2016, and his new $41million yacht had just been named the overall winner in the annual Caribbean regatta devoted to the rich and famous.<\/p>\n<p class=\"mol-para-with-font\">The beaming Macklowe looked every inch the part of a wealthy real estate mogul \u2013 the yacht shoes and salmon pants, the preppy sweater, the jaunty grasp of the microphone and the exotic location all dripped of fortune, not of a man who hadn\u2019t paid taxes in decades.<\/p>\n<p class=\"mol-para-with-font\">Or maybe, actually, they did, given Macklowe\u2019s career in real estate development.<\/p>\n<p class=\"mol-para-with-font\">Divorce lawyers for Macklowe\u2019s wife, Linda, have claimed in court that he has not paid taxes since 1983 \u2013 a revelation likely infuriating to the average taxpayer but all too common in the realm of high-stakes real estate, where millionaire developers keep getting richer through clever manipulation of tax loopholes.<\/p>\n<p class=\"mol-para-with-font\">And details of the Macklowes\u2019 lavish lifestyle are likely to prove equally infuriating as their assets and expensive habits are laid bare in the acrimonious divorce proceedings between 80-year-old Harry and his 79-year-old wife of 58 years, Linda &#8211; whom he informed out of the blue last year that he was leaving in order to marry his younger, blonder French mistress, 62-year-old Patricia Landeau. It marked the end of an era for one of New York City\u2019s most long-lasting and recognizable couples in the cutthroat world of real estate and Manhattan high society.<\/p>\n<p class=\"mol-para-with-font\">And, as husband and wife each fight to keep their properties, paintings and playthings &#8211; Mr Macklowe&#8217;s lawyer told DailyMail.com \u00a0they are due back in court next week &#8211; their divorce seems set to be just as ruthless as Mr Macklowe\u2019s business dealings. (He\u2019s perhaps most infamous for a 1985 incident in which his company demolished several welfare hotels overnight in midtown Manhattan only hours before a city statute made the move illegal \u2013 without even turning off the gas or electric beforehand, though Macklowe insisted he thought they were off.)<\/p>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"splitLeft\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-5360090700d02c0d\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278C800000578-4970162-Linda_79_and_80_year_old_Harry_Macklowe_were_fixtures_on_the_soc-m-59_1507736891681.jpg\" height=\"704\" width=\"470\" alt=\"Linda, 79, and 80-year-old Harry Macklowe (left) were fixtures on the social scene in New York City and the Hamptons, where they own an estate on prestigious Georgica Pond\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-5360090700d02c0d\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278C800000578-4970162-Linda_79_and_80_year_old_Harry_Macklowe_were_fixtures_on_the_soc-m-59_1507736891681.jpg\" height=\"704\" width=\"470\" alt=\"Linda, 79, and 80-year-old Harry Macklowe (left) were fixtures on the social scene in New York City and the Hamptons, where they own an estate on prestigious Georgica Pond\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<\/div>\n<div class=\"splitRight\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-7d210c69ad98d172\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278E400000578-4970162-image-a-60_1507736907219.jpg\" height=\"704\" width=\"470\" alt=\"Harry told his wife last year that he was leaving her for his new girlfriend, 62-year-old Frenchwoman Patricia Landea, pictured with Harry\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-7d210c69ad98d172\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278E400000578-4970162-image-a-60_1507736907219.jpg\" height=\"704\" width=\"470\" alt=\"Harry told his wife last year that he was leaving her for his new girlfriend, 62-year-old Frenchwoman Patricia Landea, pictured with Harry\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<\/div>\n<p class=\"imageCaption\">Linda, 79, and 80-year-old Harry Macklowe (left) were fixtures on the social scene in New York City and the Hamptons, where they own an estate on prestigious Georgica Pond; Harry told his wife last year that he was leaving her for his new girlfriend, 62-year-old Frenchwoman Patricia Landeau (right)<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">The Macklowes are worth up to an estimated $2billion, but lawyers for Harry are trying to downplay his wealth \u2013 insisting he\u2019s worth negative $400million. Linda\u2019s team scoff at that and say he\u2019s used accounting tricks to hide his true value. She, however, may also be low-balling key assets she wants to keep \u2013 namely their palatial Plaza home and her behemoth art collection \u2013 which would mean she could win more of Harry\u2019s money; lawyers for her husband grilled her art expert in court on why he was not placing higher values on some well-known works.<\/p>\n<p class=\"mol-para-with-font\">Harry and Linda own a multi-million-dollar estate in East Hampton on coveted Georgica Pond, where neighbors include Steven Spielberg, Ron Perelman and \u2013 as of last month \u2013 Beyonce and Jay Z, who snapped up a 12,000-square-foot property for $26million. Another famous neighbor, Martha Stewart, made headlines in the 1990s when she and the Macklowes got into a war about shrubbery, of all things. The Macklowes have had their property for nearly 30 years, and it includes a pool, main residence and, according to aerial photographs, an additional building; property site Zillow.com lists the off-market value for the estate at $7.6million.<\/p>\n<p class=\"mol-para-with-font\">After Harry informed Linda he was leaving her for Ms Landeau, president of the French Friends of the Israel Museum in Jerusalem, the New York Post reported that he also shelled out nearly $11million for another home on Georgica Pond \u2013 across the water from the woman he\u2019s trying to divorce.\u00a0<\/p>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-92c21cf80b3df9cd\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450F7A5E00000578-4970162-One_of_the_Macklowes_most_prized_possessions_is_their_award_winn-a-43_1507735904014.jpg\" height=\"642\" width=\"962\" alt=\"One of the Macklowes' most prized possessions is their award-winning 150-foot, $41million yacht, Unfurled, as pictured in a rendering from the shipyard that built it\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-92c21cf80b3df9cd\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450F7A5E00000578-4970162-One_of_the_Macklowes_most_prized_possessions_is_their_award_winn-a-43_1507735904014.jpg\" height=\"642\" width=\"962\" alt=\"One of the Macklowes' most prized possessions is their award-winning 150-foot, $41million yacht, Unfurled, as pictured in a rendering from the shipyard that built it\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">One of the Macklowes&#8217; most prized possessions is their award-winning 150-foot, $41million yacht, Unfurled, as pictured in a rendering from the shipyard that built it<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-7b74739a45bc363\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4519B41C00000578-4970162-Mr_Macklowe_celebrates_in_March_2016_after_his_superyacht_won_th-a-47_1507735904255.jpg\" height=\"642\" width=\"962\" alt=\"Mr Macklowe celebrates in March 2016 after his superyacht won the St Barth's Bucket trophy during the annual regatta in the Caribbean\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-7b74739a45bc363\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4519B41C00000578-4970162-Mr_Macklowe_celebrates_in_March_2016_after_his_superyacht_won_th-a-47_1507735904255.jpg\" height=\"642\" width=\"962\" alt=\"Mr Macklowe celebrates in March 2016 after his superyacht won the St Barth's Bucket trophy during the annual regatta in the Caribbean\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">Mr Macklowe celebrates in March 2016 after his superyacht won the St Barth&#8217;s Bucket trophy during the annual regatta in the Caribbean<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">And the Macklowe homes in their beloved Manhattan are nothing short of New York City royalty. Ten years ago, they bought the 7th floor of the Plaza Hotel for $52million \u2013 making it the most expensive apartment in New York at the time. (The floor actually contained seven apartments, which they gutted and renovated.) Now it comprises a 14,000-square-foot condo with its own art gallery, dressing room, maid\u2019s room, library and 54 windows.<\/p>\n<div class=\"art-ins mol-factbox floatRHS news\" data-version=\"2\" id=\"mol-d4957260-add6-11e7-bd9b-0169af808bb9\">\n<h3 class=\"mol-factbox-title\">The tax laws that favor real estate moguls<\/h3>\n<div class=\"ins cleared mol-factbox-body\">\n<p class=\"mol-para-with-font\">Various tax laws can work in the favor of high stakes real estate developers. In her book The Liar\u2019s Ball: The Extraordinary Saga of How One Building Broke the World\u2019s Toughest Tycoons, author Vicky Ward \u00a0explains Mr Macklowe&#8217;s use of\u00a0\u2018so-called depreciation, which declares that a building, no matter how profitable, wears out and declines to a value of zero over 39 years, which allows an investor to write off, as a tax loss, around 2.5 percent of the building\u2019s value every year. In other words, for every year he owned the GM building, Harry Macklowe was being credited with a tax loss of millions \u2013 even as its value went up by a billion dollars!\u2019<\/p>\n<p class=\"mol-para-with-font\">Developers also famously make use of 1031 exchange laws, which allow a swap of one business or investment asset for another \u2013 with no capital gains tax, under the right set of circumstances. The \u2018name of the game\u2019 in the real estate industry, tax law expert Robert Wood tells DailyMail.com, \u2018is deferral.\u2019\u00a0<\/p>\n<p class=\"mol-para-with-font\">There is also a \u2018\u201dsliver interest\u201d clause, known as a contribution\/debt financed distribution scheme,\u2019 Ms Ward explains in her book \u2013 wherein a seller avoids tax by acquiring shares in the buyer\u2019s company.\u00a0<\/p>\n<\/div>\n<\/div>\n<p class=\"mol-para-with-font\">Jonathan Miller, who has been appraising property in New York City for more than three decades, testified in divorce proceedings that \u2018there aren\u2019t apartments like this configuration in the market,\u2019<\/p>\n<p class=\"mol-para-with-font\">He added that the residence boasts \u2018probably the largest master bedroom I\u2019ve ever been in in my career.\u2019<\/p>\n<p class=\"mol-para-with-font\">The couple \u2013 predictably \u2013 are feuding about the value of the Plaza digs, with Linda insisting it\u2019s worth $55million and Harry claiming it\u2019s worth nearly double that amount.<\/p>\n<p class=\"mol-para-with-font\">Just a few blocks away, another property is proving to be particularly contentious in the couple\u2019s divorce. It\u2019s at 432 Park Avenue in one of Macklowe\u2019s developments, a swanky Rafael Vinoly-designed masterpiece which is now the tallest residential building in the Western Hemisphere. Harry and Linda purchased adjacent units on the 78th floor in 2013; her $14million apartment featured three bedrooms and three bathrooms, while his more expensive unit boasted four bedrooms and five bathrooms. The exact price Harry shelled out for his unit isn\u2019t known, though an apartment a floor below \u2013 with the same floorplan \u2013 sold last summer for more than $39million.<\/p>\n<p class=\"mol-para-with-font\">Linda, however, has now filed suit against her husband, alleging Harry has downsized the property she bought \u2013 reducing it from 2,663 square feet to 1,766 and just one bedroom. She claims the lost space was added onto Harry\u2019s unit. A spokesman for Harry told The Real Deal that Linda \u2018has categorically stated that she did not want to live in, did not intend to live in and did not want to buy the apartment\u2019 \u2013 but her lawyers last week demanded a restraining order to stop the construction and changes to the 78th floor units. A source told DailyMail.com this week that no construction had been done at all, however.<\/p>\n<p class=\"mol-para-with-font\">Their extravagant assets aren\u2019t limited to property, however; Linda has also amassed an art collection that is so massive that she has to keep many pieces in storage. A trustee of the Metropolitan Museum of Art and the Guggenheim \u2013 an honor she secured after donating $2.5million to the museum &#8211; Linda has been carefully curating and increasing her collection for decades, including works by artists such as Mark Rothko, Franz Kline, Andy Warhol and Gerard Richter. The collection is rumored to be valued at $1billion, though an art expert who testified for her \u2013 in keeping with the suspected low-balling strategy \u2013 claims it is worth just $625million.<\/p>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-8c125100c71e4956\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278F000000578-4970162-In_2007_the_Macklowes_bought_the_7th_floor_of_the_Plaza_Hotel_fo-a-42_1507735903954.jpg\" height=\"642\" width=\"962\" alt=\"In 2007, the Macklowes bought the 7th floor of the Plaza Hotel for $52million \u00bf making it the most expensive apartment in New York at the time; it was renovated into a 14,000-square-foot condo with its own art gallery, dressing room, maid\u00bfs room, library and 54 windows\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-8c125100c71e4956\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278F000000578-4970162-In_2007_the_Macklowes_bought_the_7th_floor_of_the_Plaza_Hotel_fo-a-42_1507735903954.jpg\" height=\"642\" width=\"962\" alt=\"In 2007, the Macklowes bought the 7th floor of the Plaza Hotel for $52million \u00bf making it the most expensive apartment in New York at the time; it was renovated into a 14,000-square-foot condo with its own art gallery, dressing room, maid\u00bfs room, library and 54 windows\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">In 2007, the Macklowes bought the 7th floor of the Plaza Hotel for $52million \u2013 making it the most expensive apartment in New York at the time; it was renovated into a 14,000-square-foot condo with its own art gallery, dressing room, maid\u2019s room, library and 54 windows<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-d9c3fe01237d8073\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B343600000578-4970162-The_Macklowes_art_collection_includes_170_pieces_such_as_Andy_Wa-a-48_1507735904265.jpg\" height=\"1082\" width=\"962\" alt=\"The Macklowes' art collection includes 170 pieces such as Andy Warhol's Nine Marilyns, pictured, and is so extensive that Mrs Macklowe has kept some pieces in storage\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-d9c3fe01237d8073\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B343600000578-4970162-The_Macklowes_art_collection_includes_170_pieces_such_as_Andy_Wa-a-48_1507735904265.jpg\" height=\"1082\" width=\"962\" alt=\"The Macklowes' art collection includes 170 pieces such as Andy Warhol's Nine Marilyns, pictured, and is so extensive that Mrs Macklowe has kept some pieces in storage\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">The Macklowes&#8217; art collection includes 170 pieces such as Andy Warhol&#8217;s Nine Marilyns, pictured, and is so extensive that Mrs Macklowe has kept some pieces in storage<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"splitLeft\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-555027a3a07a7113\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B3B1B00000578-4970162-The_Macklowes_art_collection_includes_Pablo_Picasso_s_47_inch_hi-a-46_1507735904204.jpg\" height=\"627\" width=\"470\" alt=\"The Macklowes' art collection includes Pablo Picasso's 47-inch high steel figurine 'Project for a Monument to Guillaume Apollinaire'\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-555027a3a07a7113\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B3B1B00000578-4970162-The_Macklowes_art_collection_includes_Pablo_Picasso_s_47_inch_hi-a-46_1507735904204.jpg\" height=\"627\" width=\"470\" alt=\"The Macklowes' art collection includes Pablo Picasso's 47-inch high steel figurine 'Project for a Monument to Guillaume Apollinaire'\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<\/div>\n<div class=\"splitRight\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-c82c260ca3e3bf4d\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B343A00000578-4970162-Alberto_Giacometti_s_bronze_sculpture_The_Nose_is_a_prized_piece-a-44_1507735904116.jpg\" height=\"627\" width=\"470\" alt=\"Alberto Giacometti\u00bfs bronze sculpture \u00bfThe Nose\u00bf is a prized piece of the Macklowes' art collection\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-c82c260ca3e3bf4d\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B343A00000578-4970162-Alberto_Giacometti_s_bronze_sculpture_The_Nose_is_a_prized_piece-a-44_1507735904116.jpg\" height=\"627\" width=\"470\" alt=\"Alberto Giacometti\u00bfs bronze sculpture \u00bfThe Nose\u00bf is a prized piece of the Macklowes' art collection\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<\/div>\n<p class=\"imageCaption\">Other famous works in the Macklowes&#8217; collection are Pablo Picasso&#8217;s 47-inch high steel figurine &#8216;Project for a Monument to Guillaume Apollinaire&#8217; (left) and Alberto Giacometti\u2019s bronze sculpture \u2018The Nose\u2019 (right)<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">Among her pieces are Andy Warhol\u2019s Nine Marilyns; Alberto Giacometti\u2019s bronze sculpture \u2018The Nose;\u2019 and Pablo Picasso\u2019s 47-inch high steel figurine \u2018Project for a Monument to Guillaume Apollinaire.\u2019<\/p>\n<p class=\"mol-para-with-font\">Author Vicky Ward, in her 2014 book The Liar\u2019s Ball: The Extraordinary Saga of How One Building Broke the World\u2019s Toughest Tycoons, quoted a friend of Linda\u2019s as describing her passion for art as an \u2018obsession for all the right reasons \u2026 it truly began to be the dominant, driving force in her life.\u2019<\/p>\n<p class=\"mol-para-with-font\">Earlier in their marriage, if Linda \u2018liked something, she would make a commitment, and then she\u2019d bring Harry by later to see it,\u2019 her friend and confidant, art dealer Andrew Fabricant, says in Ward\u2019s book. \u2018And then a decision would be made.\u2019<\/p>\n<p class=\"mol-para-with-font\">Harry had a different interest in the art, Ms Ward writes, quoting an art advisor: \u2018Harry loves [bidding at auction] for the theater, for the social aspects, \u2018cause everybody\u2019s there. And he likes to be seen out.\u2019<\/p>\n<p class=\"mol-para-with-font\">\u2018An assistant helps her hang the artwork in their homes, schemed so minimalistically that the decor has been described by one regular visitor as \u201cthe bible by Florence Knoll \u2026 You could have opthalmological surgery on any given surface,\u201d\u2019 Ms Ward writes. \u2018Liz, their daughter, has been heard to joke that the kitchens in the Macklowe homes serve but one peculiar purpose: \u201cMy mother goes in there to open her mail.\u201d\u2019<\/p>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-33cc9d9b2fccfb4a\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/17\/453C4A9F00000578-4970162-image-a-66_1507738167295.jpg\" height=\"571\" width=\"962\" alt=\"The couple have enjoyed their Hamptons property (center) on Georgica Pond for nearly 30 years; the East Hampton area also boasts residents such as Steven Spielberg, while Jay-Z and Beyonce bought a home there over the summer\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-33cc9d9b2fccfb4a\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/17\/453C4A9F00000578-4970162-image-a-66_1507738167295.jpg\" height=\"571\" width=\"962\" alt=\"The couple have enjoyed their Hamptons property (center) on Georgica Pond for nearly 30 years; the East Hampton area also boasts residents such as Steven Spielberg, while Jay-Z and Beyonce bought a home there over the summer\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">The couple have enjoyed their Hamptons property (center) on Georgica Pond for nearly 30 years; the East Hampton area also boasts residents such as Steven Spielberg, while Jay-Z and Beyonce bought a home there over the summer<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-af1e41a51b4a9cef\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/17\/453C4A8F00000578-4970162-The_Macklowe_estate_center_includes_a_pool_main_house_and_what_a-m-69_1507738944210.jpg\" height=\"792\" width=\"962\" alt=\"The Macklowe estate includes a pool, main house and what appears to be a guest house or separate building on the property, which one site has valued at more than $7.6million\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-af1e41a51b4a9cef\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/17\/453C4A8F00000578-4970162-The_Macklowe_estate_center_includes_a_pool_main_house_and_what_a-m-69_1507738944210.jpg\" height=\"792\" width=\"962\" alt=\"The Macklowe estate includes a pool, main house and what appears to be a guest house or separate building on the property, which one site has valued at more than $7.6million\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">The Macklowe estate includes a pool, main house and what appears to be a guest house or separate building on the property, which one site has valued at more than $7.6million<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-7ea3e7e585e72343\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B3C5300000578-4970162-Following_his_split_from_his_wife_the_New_York_Post_reported_tha-a-49_1507735904317.jpg\" height=\"539\" width=\"962\" alt=\"Following his split from his wife, the New York Post reported that Mr Macklowe snapped up a new $11million residence (pictured) on Georgica Pond in East Hampton - where he and his wife already own an estate\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-7ea3e7e585e72343\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B3C5300000578-4970162-Following_his_split_from_his_wife_the_New_York_Post_reported_tha-a-49_1507735904317.jpg\" height=\"539\" width=\"962\" alt=\"Following his split from his wife, the New York Post reported that Mr Macklowe snapped up a new $11million residence (pictured) on Georgica Pond in East Hampton - where he and his wife already own an estate\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">Following his split from his wife, the New York Post reported that Mr Macklowe snapped up a new $11million residence (pictured) on Georgica Pond in East Hampton &#8211; where he and his wife already own an estate<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-614d106d4192d466\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B3C5F00000578-4970162-Mr_Macklowe_s_new_Hamptons_home_which_he_has_been_enjoying_with_-a-50_1507735904378.jpg\" height=\"640\" width=\"962\" alt=\"Mr Macklowe's new Hamptons home, which he has been enjoying with Ms Landeau, features four bedrooms, four and a half bathrooms and both pond and ocean access\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-614d106d4192d466\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/450B3C5F00000578-4970162-Mr_Macklowe_s_new_Hamptons_home_which_he_has_been_enjoying_with_-a-50_1507735904378.jpg\" height=\"640\" width=\"962\" alt=\"Mr Macklowe's new Hamptons home, which he has been enjoying with Ms Landeau, features four bedrooms, four and a half bathrooms and both pond and ocean access\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">Mr Macklowe&#8217;s new Hamptons home, which he has been enjoying with Ms Landeau, features four bedrooms, four and a half bathrooms and both pond and ocean access<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"splitLeft\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-e9f6795e2daa535a\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278B400000578-4970162-Mrs_Macklowe_is_a_trustee_of_the_Metropolitan_Museum_of_Art_and_-m-63_1507737216257.jpg\" height=\"827\" width=\"470\" alt=\"Mrs Macklowe is a trustee of the Metropolitan Museum of Art and the Guggenheim \u00bf an honor she secured after donating $2.5million to the museum\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-e9f6795e2daa535a\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278B400000578-4970162-Mrs_Macklowe_is_a_trustee_of_the_Metropolitan_Museum_of_Art_and_-m-63_1507737216257.jpg\" height=\"827\" width=\"470\" alt=\"Mrs Macklowe is a trustee of the Metropolitan Museum of Art and the Guggenheim \u00bf an honor she secured after donating $2.5million to the museum\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<\/div>\n<div class=\"splitRight\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-ada7ed41601b2a59\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278E800000578-4970162-image-a-64_1507737232581.jpg\" height=\"827\" width=\"470\" alt=\"Mr Macklowe and Ms Landeau have been spotted socializing in both the Hamptons and New York City, where they were pictured in April at a benefit\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-ada7ed41601b2a59\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278E800000578-4970162-image-a-64_1507737232581.jpg\" height=\"827\" width=\"470\" alt=\"Mr Macklowe and Ms Landeau have been spotted socializing in both the Hamptons and New York City, where they were pictured in April at a benefit\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<\/div>\n<p class=\"imageCaption\">Mrs Macklowe (left) is a trustee of the Metropolitan Museum of Art and the Guggenheim \u2013 an honor she secured after donating $2.5million to the museum; Harry and his new girlfriend, Ms Landeau, are pictured right at a benefit in April<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">Following the Macklowes\u2019 purchase of the Plaza property in 2007, Ward writes, the couple began entertaining and showing off their art in their new apartment, giving a party every spring for 300 people \u2013 with the guest list including names such as the Lauders \u2013 of Estee Lauder cosmetic fame \u2013 and other movers-and-shakers in New York high society.<\/p>\n<p class=\"mol-para-with-font\">And while the couple may have had varying interest in \u2013 and passion for \u2013 art, there was one uniting love that endured throughout their marriage: sailing, particularly their superyachts.<\/p>\n<p class=\"mol-para-with-font\">For more than a decade, they devoted themselves to their 112-foot yacht, Unfurled, a sleek and luxurious three-cabin boat from respected Dutch shipyard Royal Huisman \u2013 which credited the Macklowes with \u2018pushing it to a higher level of custom construction,\u2019 according to MegaYacht News.<\/p>\n<p class=\"mol-para-with-font\">Harry and Linda went sailing every summer, and the boat was one of their most prized possessions \u2013 but they eventually upgraded, commissioning a 150-foot yacht of the same name from shipyard Vitters which was delivered to them in 2015. The interior designer insisted the \u2018exceptional project defies convention in many ways.\u2019<\/p>\n<p class=\"mol-para-with-font\">\u2018The owners are not only lifelong experienced and competitive yachtsmen, but also accomplished designers in their own right with enormous knowledge and appreciation of material, structure and architectural form,\u2019 designer Oliver Stirling wrote in the yacht\u2019s brochure. \u2018Adopting their Bauhaus objective of reconciling art and industry, and with their current iconic yacht as a benchmark, the designer\u2019s role throughout the project was to collaborate with them to develop design themes in minute detail and translate their creative thoughts and personal needs into the built form.\u2019<\/p>\n<p class=\"mol-para-with-font\">The new Unfurled was a finalist for multiple Showboat Design Awards this year \u2013 in addition to winning the World Superyacht Awards 2016 in the category of \u2018sailing yacht 40m and above.\u2019<\/p>\n<p class=\"mol-para-with-font\">The Macklowes enjoyed spending time together on the water, according to an unnamed friend in Vicky Ward\u2019s book \u2013 despite an often fractious relationship; \u2018They drive each other crazy and they can\u2019t live without each other,\u2019 Ms Ward quoted a friend as saying.<\/p>\n<p class=\"mol-para-with-font\">The couple married in 1959 and had a son and daughter, and Linda seemed to be a behind-the-scenes force in Harry\u2019s real estate deals. \u2018In interviews, Harry always referred to his wife as better than him,\u2019 Ms Ward writes. \u2018\u201dShe\u2019s brilliant. She\u2019s just fantastic. I don\u2019t know why she married me, but she\u2019s extraordinary.\u201d\u2019\u00a0<\/p>\n<p class=\"mol-para-with-font\">She stuck with Harry though his rollercoaster real estate moves; her husband earned a reputation early on as a risk-taker and a lovable rogue, making deals that left him on the brink of financial collapse multiple times \u2013 but always bouncing back. His overnight demolition of welfare hotels in 1985 sparked a backlash that even led to Mayor Ed Koch returning Macklowe\u2019s campaign contributions.<\/p>\n<p class=\"mol-para-with-font\">In more recent years, he triumphantly bought the G.M. Building on Fifth Avenue, convinced the Apple store to take over the basement and spearheaded the construction of the now iconic glass sphere outside \u2013 before a deal that nearly spelled disaster. He bought seven buildings for $7billion in 2007, just before the markets crashed, taking on $6.8billion in short-term debt, including a personal loan of $1billion. He was unable to refinance the loans and ultimately had to sell the GM building of which he was so proud, though he retained an office in the space off Fifth Avenue which he has to this day. The deal drove a wedge between Harry and his son, whose side Linda allegedly took. But her husband again bounced back with 432 Park Avenue and its luxury residences, two of which are now playing such a central role in the Macklowe divorce proceedings.<\/p>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-51d59dbd3430bb3f\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/45329ED200000578-4970162-Mr_Macklowe_s_property_at_432_Park_Avenue_the_highest_residentia-a-55_1507735904537.jpg\" height=\"962\" width=\"962\" alt=\"Mr Macklowe's property at 432 Park Avenue - the highest residential tower in the Western hemisphere - has been a particular bone of contention in divorce proceedings\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-51d59dbd3430bb3f\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/45329ED200000578-4970162-Mr_Macklowe_s_property_at_432_Park_Avenue_the_highest_residentia-a-55_1507735904537.jpg\" height=\"962\" width=\"962\" alt=\"Mr Macklowe's property at 432 Park Avenue - the highest residential tower in the Western hemisphere - has been a particular bone of contention in divorce proceedings\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">Mr Macklowe&#8217;s property at 432 Park Avenue &#8211; the highest residential tower in the Western hemisphere &#8211; has been a particular bone of contention in divorce proceedings<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-7cab563d440632c1\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4510D47800000578-4970162-Mr_Macklowe_bought_a_four_bedroom_unit_on_the_78th_floor_of_the_-a-53_1507735904518.jpg\" height=\"757\" width=\"962\" alt=\"Mr Macklowe bought a four-bedroom unit on the 78th floor of the tower, while his wife bought the smaller adjoining unit; she claims he has reduced the size of her apartment from three bedrooms down to one\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-7cab563d440632c1\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4510D47800000578-4970162-Mr_Macklowe_bought_a_four_bedroom_unit_on_the_78th_floor_of_the_-a-53_1507735904518.jpg\" height=\"757\" width=\"962\" alt=\"Mr Macklowe bought a four-bedroom unit on the 78th floor of the tower, while his wife bought the smaller adjoining unit; she claims he has reduced the size of her apartment from three bedrooms down to one\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">Mr Macklowe bought a four-bedroom unit on the 78th floor of the tower, while his wife bought the smaller adjoining unit; she claims he has reduced the size of her apartment from three bedrooms down to one<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-a5d31d616d2aa073\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4510D48600000578-4970162-The_downtown_view_from_prestigious_432_Park_Avenue_where_husband-a-52_1507735904518.jpg\" height=\"962\" width=\"962\" alt=\"The downtown view from prestigious 432 Park Avenue, where husband and wife own adjoining apartments, is one of the most expansive and coveted in New York city; pictured is an example of one of the building's lavish units\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-a5d31d616d2aa073\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4510D48600000578-4970162-The_downtown_view_from_prestigious_432_Park_Avenue_where_husband-a-52_1507735904518.jpg\" height=\"962\" width=\"962\" alt=\"The downtown view from prestigious 432 Park Avenue, where husband and wife own adjoining apartments, is one of the most expansive and coveted in New York city; pictured is an example of one of the building's lavish units\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">The downtown view from prestigious 432 Park Avenue, where husband and wife own adjoining apartments, is one of the most expansive and coveted in New York city; pictured is an example of one of the building&#8217;s lavish units<\/p>\n<\/div>\n<div class=\"mol-img-group xwArtSplitter\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">\n        <img loading=\"lazy\" decoding=\"async\" id=\"i-dddb372736763aae\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4510D46D00000578-4970162-The_amenities_at_432_Park_Avenue_include_a_75_foot_pool_wine_cel-a-56_1507735904619.jpg\" height=\"962\" width=\"962\" alt=\"The amenities at 432 Park Avenue include a 75-foot pool, wine cellars, a spa, library and extensive concierge services\u00a0\" class=\"blkBorder img-share\" \/><\/div>\n<p>    <noscript><\/p>\n<p>    <img loading=\"lazy\" decoding=\"async\" id=\"i-dddb372736763aae\" src=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/4510D46D00000578-4970162-The_amenities_at_432_Park_Avenue_include_a_75_foot_pool_wine_cel-a-56_1507735904619.jpg\" height=\"962\" width=\"962\" alt=\"The amenities at 432 Park Avenue include a 75-foot pool, wine cellars, a spa, library and extensive concierge services\u00a0\" class=\"blkBorder img-share\" \/><\/noscript><\/p>\n<\/div>\n<p class=\"imageCaption\">The amenities at 432 Park Avenue include a 75-foot pool, wine cellars, a spa, library and extensive concierge services\u00a0<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">And throughout his career, he has shrewdly taken advantage of tax laws that can work in the favour of developers. Ms Ward explains his use of \u2018so-called depreciation, which declares that a building, no matter how profitable, wears out and declines to a value of zero over 39 years, which allows an investor to write off, as a tax loss, around 2.5 percent of the building\u2019s value every year. In other words, for every year he owned the GM building, Harry Macklowe was being credited with a tax loss of millions \u2013 even as its value went up by a billion dollars!\u2019<\/p>\n<p class=\"mol-para-with-font\">Developers also famously make use of 1031 exchange laws, which allow a swap of one business or investment asset for another \u2013 with no capital gains tax, under the right set of circumstances. The \u2018name of the game\u2019 in the real estate industry, tax law expert Robert Wood tells DailyMail.com, \u2018is deferral.\u2019\u00a0<\/p>\n<p class=\"mol-para-with-font\">There is also a \u2018\u201dsliver interest\u201d clause, known as a contribution\/debt financed distribution scheme,\u2019 Ms Ward explains \u2013 wherein a seller avoids tax by acquiring shares in the buyer\u2019s company.<\/p>\n<p class=\"mol-para-with-font\">Harry Macklowe\u2019s use of the loopholes is front and center stage in his divorce proceedings, as he and Linda wrangle over their finances and worth. There was no prenuptial agreement when they got married nearly 60 years ago; Harry\u2019s fortune is, essentially, fair game in the eyes of Linda\u2019s lawyers. But just how much that fortune totals remains a serious bone of contention in the court proceedings.<\/p>\n<p class=\"mol-para-with-font\">Harry, however, does not seem phased; he has even told marriage jokes to reporters outside of court since his wife filed for divorce last year. He\u2019s been seeing Ms Landeau \u2013 who is separated from her second husband \u2013 for an estimated four years and reportedly put her up in an apartment just a few minutes away from his home with Linda for the past two years; he claims he offered his wife half of his fortune for the divorce \u2013 a claim she denies \u2013 and he intends to marry Landeau once the marriage is over.<\/p>\n<p class=\"mol-para-with-font\">\u2018I\u2019m getting a divorce because my life with my ex-wife was not a happy one,\u2019 he said last month.<\/p>\n<p class=\"mol-para-with-font\">And while it may not have been happy, there\u2019s no denying it was lavish, and Linda continues spending money in the way to which she became accustomed. According to court proceedings, she\u2019s spent $700,000 in the last year and a half chartering boats because \u2018I was denied the use of my boat and I wanted to vacation and get some relaxation\u2019 \u2013 and she\u2019s also spent an estimated $7.5million on lawyers and experts as she pursues the divorce.<\/p>\n<p class=\"mol-para-with-font\">The battle promises to be a long and involved one, as the real estate world, New York high society and the average onlooker simultaneously salivate over every detail \u2013 and, unlike the smooth sailing of Unfurled, the divorce is \u2018not going to be a pleasant experience,\u2019 the judge predicts.<\/p>\n<p class=\"mol-para-with-font\">\u00a0<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"http:\/\/www.dailymail.co.uk\/news\/article-4970162\/Lavish-alleged-tax-avoidant-life-divorce-Macklowe.html\">Source link <\/a><br \/>\n<a href=\"https:\/\/dominiclevent.com\/contact-us\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png\" alt=\"\" width=\"600\" height=\"200\" class=\"aligncenter size-medium wp-image-14\" srcset=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png 300w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-150x50.png 150w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer.png 600w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standing in front of a clapping crowd, his sailing crew raising their arms in victory and waving the St Barth\u2019s Bucket trophy behind him, Harry Macklowe accepted the win for his superyacht Unfurled. It was March 2016, and his new $41million yacht had just been named the overall winner in the annual Caribbean regatta devoted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dominiclevent.com\/blog\/yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2bn divorce battle between an 80-year&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15987","post","type-post","status-publish","format-standard","hentry","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2bn divorce battle between an 80-year... - Dominic Levent Solicitors Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominiclevent.com\/blog\/yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2bn divorce battle between an 80-year... - Dominic Levent Solicitors Blog\" \/>\n<meta property=\"og:description\" content=\"Standing in front of a clapping crowd, his sailing crew raising their arms in victory and waving the St Barth\u2019s Bucket trophy behind him, Harry Macklowe accepted the win for his superyacht Unfurled. It was March 2016, and his new $41million yacht had just been named the overall winner in the annual Caribbean regatta devoted &hellip; Continue reading &quot;Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2bn divorce battle between an 80-year&#8230;&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dominiclevent.com\/blog\/yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Dominic Levent Solicitors Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-23T07:59:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-17T17:16:07+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/i.dailymail.co.uk\/i\/pix\/2017\/10\/11\/16\/453278C800000578-4970162-Linda_79_and_80_year_old_Harry_Macklowe_were_fixtures_on_the_soc-m-59_1507736891681.jpg\" \/>\n<meta name=\"author\" content=\"spainops\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"spainops\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dominiclevent.com\/blog\/yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year\/\",\"url\":\"https:\/\/dominiclevent.com\/blog\/yachts-estates-and-an-entire-floor-of-the-plaza-how-an-ugly-2bn-divorce-battle-between-an-80-year\/\",\"name\":\"Yachts, estates and an entire FLOOR of the Plaza: How an ugly $2bn divorce battle between an 80-year... - 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