Tommy Hilfiger’s luxury Connecticut estate sells for $20million

Although Joel Horowitz, the co-founder of Tommy Hilfiger has had no luck in finding a buyer for his $100million property, designer Tommy Hilfiger has lucked out. The luxury estate in Connecticut owned by the fashion designer has sold for $20 million ($8 million below its original asking price)! According to Sotheby’s International realty, the house has been purchased by a family who toured it in September. The lavish 20,000-square-foot Greenwich mansion boats of eight bedrooms and nine bathrooms. Furthermore, this mansion features a 2,000-bottle wine cellar, indoor basketball court, sauna, massage room with a waterfall and home theater! Hilfiger purchased this mansion in 2005 for $18million and had put it up for sale since 2008.

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Probably not an extremely profitable deal, Hilfiger would still be happy considering the tough phase the real estate market is going through currently.
[Yahoo]