Daphne Guinness"s Fifth Avenue apartment is up for sale at $14m (staff quarters sold separately)

You needed HOW much space for your couture Daphne Guinness's Fifth Avenue apartment is up for sale at $14m (staff quarters sold separately)

Daphne Guinness

Selling up: Daphne Guinness has put her New York apartment on the market for $14million

Daphne Guinness is known for her vast collection of haute couture. And it would seem that she needs a vast space to store it all.

The scale of the heiress's home was revealed today when it emerged that she had put her lavish four-bedroom apartment on Manhattan's Upper East Side up for sale.

The property, which is on the market for $14million, is located opposite Central Park on Fifth Avenue.

There is also an adjoining studio flat for staff that is being sold separately for $1.5million.

This means that even if both properties go for the asking price, she will not make much of a profit as she is believed to have paid around $15.5million when she bought the flat in 2008.

The new owners will also need to be prepared to pay the building management $17,950 a month in common charges.

The prospective sale of the apartment follows some drama in 2010, when her downstairs neighbour, a hedge fund manager, sued her over allegations that she had repeatedly let her bathtub overflow, causing water damage to his property.

Karim Samii and his wife Tina demanded $1million for the anxiety and distress the episode caused them.

Given this history, it makes sense that Ms Guinness, 44, has waited this long to sell. Prospective buyers might be less willing to commit to the purchase if the dispute was ongoing.

Though photographs of Ms Guinness's home have not been made available, a feature
in Architectural Digest last year revealed high-octane decor by designer
Daniel Romualdez.

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Daphne Guinness

Vast space: The apartment at 995 Fifth Avenue, on New York's Upper East Side, has four bedrooms

Daphne Guinness

Fit for an heiress: Though photographs of Ms Guinness's home have not been made available, photographs of similar apartments in the building demonstrate what a desirable property it is

Readers would also have seen glimpses of an art collection that includes works by Damien Hirst and David LaChapelle.

A floorplan and photographs of similar apartments in the building, however, demonstrate what a desirable property it is.

Daphne Guinness

Upper East Side grandeur: There is a separate dining room and spacious kitchen and family room, as well as three double bedrooms with en-suite bathrooms and a master bedroom with a larger en-suite bathroom

Daphne Guinness

Artist's light: The apartment has views to the north and west, overlooking Central Park

With views to the north and west, the
apartment spans 4,118sq ft, with a living area that is large enough to
house a grand piano.

There is also a separate dining room
and spacious kitchen and family room, as well as three double bedrooms
with en-suite bathrooms and one grand master bedroom with a larger
en-suite bathroom.

The apartment is large enough to play
host to her three children, Nicholas, 22, Alexis, 20 and Ines, 16,
from her marriage to Spyros Niarchos, who she married at just 19, and divorced in 1999.

Daphne Guinness

Luxury living: After spending $14m on the apartment itself, the new owners will also need to be prepared to pay the building management $17,950 a month in common charges

She admits in the Architectural Digest interview, though, 'They just
want to be downtown when they are in New York.'

Where Ms Guinness plans on moving is not known, though she also has a home in London and in an interview with the Daily Telegraph last year, said she would soon be moving back there.

Speaking of the New York apartment, she admitted: 'This was a sort of stopover. I kind of land up in places by mistake,
and I alight and spread out, and then I go to the next place and spread
out. It does feel like jumping off one cliff after the next. You never
know quite where you're going to land up.'