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Read it at Vanity Fair
And the definition of a vanity project is? Dutch architect Rem Koolhaas (CCTV Building, Seattle Central Library and Casa da Música) is taking on his first residential commission in 15 years for developer and art collector Robbie Antonio in the Philippines. The house, which is expected to cost $15 million (compared to the average annual Filippino income of $4,998, points out Vanity Fair), will house his extensive art collection consisting of the likes of Koons, Hirst and Bacon and reportedly resembles the Whitney. Concurrently, Antonio is commissioning $3 million worth of self-portraits from artists like David Salle and Marilyn Minter.