Exclusive-New York City to auction sanctioned Venezuelan mogul’s apartment

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Reuters

By Luc Cohen NEW YORK (Reuters) – New York City plans next month to auction a midtown Manhattan apartment owned by a Venezuelan media mogul with ties to socialist President Nicolas Maduro’s government, after U.S. sanctions forced him to miss condominium payments, court records show. Raul Gorrin, who owns Venezuelan TV channel Globovision, paid $18.8 million for the 4,500-square-foot, 47th floor unit in the Baccarat Hotel & Residences in November 2017, at the height of Venezuela’s economic collapse. Now, Gorrin stands to lose the apartment, which boasts views of the Empire State Building and Ce…

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