Shelley and Donald Rubin via New York Social Diary

Himalayan art collectors Donald and Shelley Rubin, founders of the Rubin Museum of Art, were motivated sellers.

Their 8,000 square foot townhouse at 122 East 70th Street lingered on the market for a year, tagged $20.9 million. In May the Rubins slashed the price to $14.9 million and snagged a buyer, according to an article in the Wall Street Journal.

The article quotes brokers predicting fallout from the Rubins’ re-pricing efforts, warning other would-be sellers “expect to see lower offers.” (See property listing here.)

It’s hard to work up much sympathy for sellers of Upper East Side townhouses, or even the Rubins, who acquired the house, with a hot tub and roof garden, in 1995 for a mere $5 million. It seems the Rubins cleared around $10 million on the deal.

Rubin, who founded a health care network, forked over $22 million three years later for the former Barneys building on 17th Street. The Rubin Museum opened in 2004 and has an annual budget of $13 million. The museum is currently searching for a new chief curator, more here.

122 East 70th Street, via Brown Harris Stevens