• Luke and Julie Janklow have lowered the price of their West 12th Street townhouse for the second time since listing it for $24.975 million in January. The 25-foot-wide manse, which the Janklows purchased from Andre Balazs and ex-wife Katie Ford for $4.5 million in 2004, is now listed with broker Paula del Nunzio for $17.95 million. [Cityfile, BHS]
• Shire Realty CEO Rena Shulsky has put her penthouse at 812 Fifth Avenue on the market. The three-bedroom co-op, which Shulsky purchased two years ago for $9.23 million, is currently listed for $11.75 million. [Cityfile, PDE]
• Investor Enrique Foster Gittes is at it again. Nearly two months after he dropped the price of his townhouse at 12 East 63rd Street for the third time, he has now decided to raise the price by $2.5 million. The 13,000-square-foot mansion is now listed for $23 million. [Cityfile, BHS]
• Designer Domenico Dolce has closed on two penthouse units at the Annabelle Selldorf-designed "Sky Garage" building. Dolce paid a combined $29 million for the two spreads (with a total of 7,500 square feet of living space) at 200 11th Avenue through an entity called Cinquantotto LLC. [Real Deal, NYP]
• Danielle Staub, one of the stars of The Real Housewives of New Jersey, has listed her home in Wayne, NJ for $1.45 million. [Zillow]

Did you dutifully rush out and buy the $22,000 picnic basket featured in Elle Décor a few months ago? Well, the magazine's editor Margaret Russell would like to make it clear that such items will no longer be darkening her pages: "It just seems vulgar, and vulgar is not a word I want to associate with our magazine." Russell, who was moderating an interior design panel with Cynthia Rowley, Bunny Williams, Celerie Kemble, and Annabelle Selldorf last night at the Pratt House, suggests that quilts are now the appropriate "humble" purchase, while Rowley recommends art: "That's the only thing I buy now." After seeing Rowley's home, we slightly doubt that. But we'll take her advice and resist splashing out on even her Target housewares.

Annabelle Selldorf