Auction helps cover $8M debt of NYC landmark Tavern on the Green
By APFriday, January 15, 2010
Auction helps cover $8M debt of NYC landmark
NEW YORK — A court-ordered auction of the glitzy decor at New York City’s Tavern on the Green has raised millions of dollars to cover the bankrupt restaurant’s $8 million debt.
The sale ended Friday and included about 20,000 items from the landmark establishment in Central Park — from crystal chandeliers to a pig-shaped weather vane and all the china and kitchen equipment.
The highest bid — $180,000 — was for a Tiffany glass ceiling used in other restaurants owned by Tavern operator Warner LeRoy, the Russian Tea Room and Maxwell’s Plum.
Other top items at the Guernsey’s auction were a Tiffany glass ceiling piece that went for $120,000 and a Tiffany peacock mural that sold for $75,000.
Tavern on the Green closed its doors on New Year’s Eve after 75 years.
