Jerry Femina Joins Hampton Exodus by Selling Mansion Ahead of Fiscal Cliff

Posted by Staff writer on Dec 28, 2012 04:40 AM EST
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Jerry Della Femina sold his beach front East Hamptons residence for $25 million (Photo : Kevin Dooley/Flickr)

Ad guru, Jerry Della Femina sold his posh Hamptons beachfront mansion for $25 million. Della Femina is one of the newest members to join the Hamptons-quitting bandwagon and has reportedly blamed President Obama and the Fiscal Cliff for his estate sale.

"I want the proceeds of this sale to go to my kids and my grandkids. I don't want my money going to Obama, and that's what's going to happen in the New Year," Della Femina told the New York Post. "That's why I sold right now, that's why I wanted to get this done."

"I'm basically the loser in Obama's class warfare. If Romney was elected, we would have had our parties in East Hampton this year." Della Femina told

The mansion that is spread across an area of 8,500 square feet was first put up for sale in the market with an asking price of $40 million, reported The New York Post.

The estate has been listed for sale since 2010, but failed to attract any prospective buyers until now. The house has reportedly been bought by David Zaslav, chief executive of Discovery Networks, reported the Business Insider.

The mansion comprises of 8 bedrooms and 6 bathrooms. The house's most unique room is the "owl room" which derives its name from the fact that it sports numerous paintings of owls. The owl room overlooks the ocean. The ceiling is vaulted and made of distressed bamboo and driftwood, reported the Wall Street Journal.

The house has a Caribbean vibe and the décor is inspired by Della Femina and his spouse's favorite resorts, the WSJ reported.

Della Femina also said that with the approaching Fiscal Cliff, property brokers and agents are constantly trying to sell the listed properties before the reforms are implemented, reported East Hampton Patch.

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