Valentino Cofounder Giancarlo Giammetti Just Listed His Manhattan Penthouse for $17.5 Million

Giancarlo Giammetti, co-founder of the venerable fashion house Valentino, is parting ways with his stylishly appointed penthouse just blocks from New York’s Central Park.

Situated on the 54th floor of One Beacon Court, where Beyoncé once owned a place, the three-bedroom, three-bath spread was a collaboration between Giammetti and the renowned French interior designer Jacques Grange. The two worked together to compose an art-filled home that complemented the panoramic views visible through the aerie’s 40 floor-to-ceiling windows. While he’s lived in the penthouse for more than a decade, Giammetti is now listing it for $17.5 million with Allison Bandier Koffman and Juliette Janssens of Sotheby’s International Realty—East Side Manhattan Brokerage and Martha Kramer of Brown Harris Stevens.

“It’s incredible how much I discover every time I approach the windows,” Giammetti told Architectural Digest back in 2013. “Unless it’s bad weather—then I’m in a gray cloud.” Due to the vast amounts of glass, Giammetti has used the home’s limited wall space to display works by artists such as Pablo Picasso, David Hockney, and Jean-Michel Basquiat. 

The front-corner unit, which has three different entrances for guests and staff, opens into a rectangular entry gallery. The corner living room opens up to the library and the dining room, with the full sweep of space measuring in at 77 feet long. Here, Grange covered the floor-to-ceiling columns that break up the windows with Indian mica, adding charcoal and brass tones to the airy expanse.

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“I love rooms with a darker feeling,” Giammetti said. “New York is a city of light and views, but I wanted a compromise between that openness and my love of warmer, darker tones. I would describe the look of the apartment as chiaroscuro, with rich browns and gold accents.”

The modern kitchen has been outfitted by the German manufacturer Poggenpohl, and there’s a breakfast room for more casual meals. The primary bedroom, with leopard print covering the floors, is paired with a marble-encrusted spa bath and a custom dressing room. The two additional bedrooms are located in a separate wing, and each has its own ensuite bathroom. A powder room and a laundry room complete the abode.

The 83-year-old Giammetti met Valentino Garavani in 1960, and the two founded the Valentino label that same year. Giammetti left the company in 2007, but he’s remained close with Garavani, now in his 90s, and the two created the Valentino Garavani Foundation in 2017.

Click here to see all the photos of the glamorous Manhattan aerie.