Pincus Family Fights Over $50 Million Duplex At The Pierre

Lionel Pincus And His Princess

One way to tell the story is to say that Mr. Pincus' two sons want to sell off their father's $50 million, 7,000-square-foot, 14-room duplex at the Pierre, where the monthly maintenance is over $27,000, and give the proceeds to charity. The princess, the type of person who can spend $6,508 of Mr. Pincus' money on towel warmers, wants it for herself. "They feel," a source close to the sons said after they sued in August to ensure a sale, "like she's going to stop at nothing."

The real story is immensely more complicated. There are, according to years of documents obtained by The Observer, ferocious emails, unreliable letters and a failed agreement to give the princess the Pierre duplex, plus well over $100 million, if she limited her time with Mr. Pincus to four chaperoned meals and an outing per week. She would not have been involved in burial service plans.

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