Hedge fund manager Richard Perry and his fashion-designer wife, Lisa Perry, live in a 17-room penthouse on Sutton Place. They're also big-time modern art collectors and home design obsessives. (Their Manhattan apartment earned a 10-page spread in Vogue a few years ago; in the Hamptons, they may own the only house that has a pool installed in its dining room.) But their art collection has landed the couple in a bit of trouble. The Perrys installed a green stainless-steel "diamond" sculpture by Jeff Koons, which they purchased for $2.3 million in 2005, on the terrace of their Manhattan pad. (A crane was required to put it there.) Not only do the couple's neighbors totally despise the piece ("I think it's as ugly as it comes," says one), some are now complaining that it's blinding them: