Filed under: Estates, Auctions
Louis Kahn only designed 3 major architectural homes in his career and one of them, the Escherick House (named after the woman for whom it was built, Margaret Escherick) is up for auction. Its address is in Philadelphia and according to some it’s his best residential creation and has “mature style” and a “warm and human quality” to the interior (and I tend to agree).
So the house will be sold, but unlike most houses its price won’t only reflect the local regular real estate market but also the art market. Valued at $2 million only about half of that is unbiased structural and land values — the rest is all artistic and historical sentiment.
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