Not Just Porn for Bob Guccione: Real Estate Porn, Too

Penthouse founder Bob Guccione died yesterday from throat cancer at age 79. In the 1960s, Guccione’s creation of Penthouse was the raunchy counter punch to Playboy’s social-sexual revolution started by Hugh Hefner. And like Hefner, whose Playboy Mansion became the real estate symbol of sexual excess, Guccione more than dabbled in high-end real estate. But due to declining magazine sales and bad investments, Guccione’s empire started to go bust in 2003. With it, he lost two prime real estate properties: