G
iancarlo Giammetti, co-founder of the esteemed Valentino fashion house, is parting ways with his luxurious New York City penthouse. The Sutton Place-area residence has been listed for $17.5 million, a price that already reflects a loss since Giammetti purchased it in 2010 for $18.5 million.

    Giammetti's illustrious career spans over six decades, having founded Valentino at just 18 years old with Valentino Garavani in 1960. The Italian fashion house has long been synonymous with luxury, dressing A-listers like Anne Hathaway, Jennifer Lopez, and Lizzo.

    The penthouse, situated on the 54th floor of One Beacon Court, boasts breathtaking views of Central Park to the East River. With three bedrooms and 3.5 bathrooms, the corner unit offers expansive floor-to-ceiling glass windows that flood the space with natural light. Renowned French interior designer Jacques Grange customized the residence, which spans approximately 3,800 square feet.

    The primary suite takes center stage, maximizing Central Park views with a spacious bedroom, spa-inspired marble bath, and dressing room equipped with extensive built-ins. Two guest bedrooms, each with an ensuite bath, are located in a private wing. A sleek kitchen by Poggenpohl features top-tier appliances and a cozy breakfast nook.

    Giammetti spared no expense during the renovation, incorporating motorized shades, museum-quality lighting, and an audiophile-level sound system. The penthouse boasts 40 floor-to-ceiling windows and soaring ceilings, making it a true showstopper. One Beacon Court has long attracted celebrity and business world buyers due to its privacy, security, and panoramic views.

    Allison Bandier Koffman and Juliette Janssens of Sotheby's International Realty, along with Martha Kramer of Brown Harris Stevens, hold the listing for this extraordinary property.