• Flavio Briatore, the Italian mogul, racing car enthusiast, and Heidi Klum's baby daddy, has dropped the price of his penthouse at One Beacon Court. The 4,485-square-foot condo, which Briatore put on the market for $25 million in September 2008, is now listed for $23 million. Meanwhile, his apartment at the Plaza is still available as a $65,000-a-month rental. [Cityfile, Domus]
• Brett Gorvy, co-head of post-war and contemporary art at Christie's, and Amy Gold, Christie's director of business development, have paid $3.45 million for half of Abigail Disney's co-op at 300 West End Avenue, which was divided in two. The couple sold their former apartment at 470 West End Avenue for $2.175 million back in June. [NYO]
• Columbia Grammar and Prep, the UWS private school, is in expansion mode. Psychiatrist David Leibow and his wife, Sandra, sold their brownstone at 32 West 94th Street to the school last month for $7.15 million. The school paid $6.15 million for another brownstone on the block last summer. [NYT]

• Richard Gere and Carey Lowell have sliced $1.6 million off the asking price of their seven-bedroom farmhouse in Water Mill. Priced at $8.8 million when it first went on the market in February, the 1.2-acre estate is now listed for $7.2 million. The pricecutting isn't restricted to the Hamptons, however. Gere slashed $3 million off the price of his spread at Palazzo Chupi in 2008 before taking it off the market entirely earlier this year. [Newsday, Stribling]
• David Sidwell, who retired as Morgan Stanley's CFO at the end of 2007, has sold his 26th-floor apartment at 25 CPW for $7.65 million. [Cityfile]
• An art world power couple is bidding goodbye to the Upper West Side. Brett Gorvy, co-head of post-war and contemporary art at Christie's and Amy Gold, who is Christie's director of business development, have sold their three-bedroom apartment at 470 West End Avenue for $2.175 million. [Cityfile]

Brett Gorvy