Gallerist and art collector Adam Lindemann is in contract to purchase an estate in Montauk, New York that once belonged to Andy Warhol, according to the New York Post. The seller is J. Crew CEO Mickey Drexler, who purchased the 5.7-acre property for $27 million in 2007 and combined it with a 24-acre horse farm; he's listing the entire compound for $85 million.

But like a savvy collector, Lindemann is only interested in purchasing the six-cottage, oceanfront former Warhol estate, known as Eothen ("from the East").