What a Million Bucks Buys


NEW YORK -- We've heard for months now about the slump in housing, but, judging by the record prices luxury properties have commanded recently, it doesn't seem to have had much impact on the most expensive homes.
In early October, a townhouse on Manhattan's Upper East Side sold for a reported $53 million, a record price for a New York single-family property.
In July, rock mogul Tommy Mottola, paid $47 million

Originally published