Valentino Cofounder Giancarlo Giammetti Lists Manhattan Penthouse for $17.5 Million

Giancarlo Giammetti, co-founder of the Valentino fashion house, has listed his Manhattan penthouse in One Beacon Court for $17.5 million, marking a loss from his 2010 purchase price of $18.5 million. The 3,700 to 3,800 square-foot corner unit on the 54th floor offers panoramic views of Central Park and the cityscape through 40 floor-to-ceiling windows, with interiors designed by French designer Jacques Grange, featuring warm tones and art-filled spaces. The expansive apartment includes three bedrooms with en-suite bathrooms, a primary suite with a custom dressing room, a Poggenpohl kitchen, and a 77-foot-long entertaining space combining living, dining, and library areas. The building, designed by architect César Pelli, offers luxury amenities such as a fitness center, children's playroom, business lounge, full-time doorman, concierge, and valet parking. Giammetti and Valentino Garavani founded the fashion house in 1960 and retired after selling the brand; Giammetti has owned this penthouse for nearly 15 years. The listing is handled by Sotheby’s International Realty and Brown Harris Stevens agents, with no public comments from the sellers or agents.