Robert Charles Joseph Edward Sabatini Guccione ( ; December 17, 1930 – October 20, 2010) was an American visual artist, photographer and publisher. He founded the adult magazine Penthouse in 1965. This was aimed at competing with Playboy, but with more explicit erotic content, a special style of soft focus photography, and in-depth reporting of government corruption scandals and the art world. By 1982 Guccione was listed in the Forbes 400 wealth list, and owned one of the biggest mansions in Manhattan. However, he made some extravagant investments that failed, and the growth of free online pornography in the 1990s greatly diminished his market. In 2003, Guccione's publishers filed for bankruptcy and he resigned as chairman.
In his teens, Guccione married his first wife, Lilyann Becker. The couple had a daughter, Tonina (1949–2020). The marriage failed, and he left his wife and child to go to Europe to be a painter. He eventually met an English woman, Muriel Hudson, moved to London with her, and married her. They had four children.
To support his family, Guccione managed a chain of laundromats until he got work as a cartoonist on an American weekly newspaper, The London American, while Muriel started a business selling pinup posters. He occasionally created cartoons for Bill Box's humorous greeting card company studio cards.Anthony Haden-Guest "Boom and Bust", The Observer, February 1, 2004.Bob Guccione episode on E! True Hollywood Story Bob Guccione profile , penthouse.com; accessed September 20, 2007.
As the magazine grew more successful, Guccione openly embraced a life of luxury; his former mansion at 14-16 East 67th Street on Manhattan's Upper East Side was said to be the largest private residence in the borough at . However, in contrast to Hugh Hefner, who threw wild parties at his , life at Guccione's mansion was remarkably sedate, even during the height of the sexual revolution in the 1970s. He reportedly once had his bodyguards eject a local radio personality who had been hired as a DJ and jumped into the swimming pool naked. "The Twilight of Bob Guccione", rollingstone.com; accessed October 9, 2014.
The magazine's pictorials offered more sexually explicit content than was commonly seen in most openly sold men's magazines of the era; it was the first to show female pubic hair, followed by full-frontal nudity and then the exposed vulva and Human anus. Up to the end of the 1960s, it was not acceptable to display anything more than a female's buttocks or breasts in mainstream publications and anything more risked obscenity charges. Only low-budget underground magazines displayed female genitals or explicit poses. However, the counterculture movement led to an increasingly liberated sexual attitude after which a series of court rulings struck down most legal restrictions on pornography. Penthouse has also, over the years, featured a number of authorized and unauthorized photos of celebrities such as Madonna and Vanessa Lynn Williams. In both cases, the photos were taken earlier in their careers and sold to Penthouse only after Madonna and Williams became famous. In Williams's case, this led to her forced resignation as Miss America 1984. The September 1984 issue in which Williams was first featured also included a layout with pornographic actress Traci Lords, who was only 15 when the photo shoot was done and was later revealed to be underage throughout most of her career. (Madonna famously responded to the publication of her nude photos by stating "So what?". New York Post, July 9, 1985, page 4) In the late 1990s, the magazine began to show more "fetish" content such as urination, bondage and "facials."
In the early 1970s, Guccione invested around US$45 million in construction of Haludovo Palace Hotel, a luxury hotel resort in Malinska on Krk near Rijeka on the northern Adriatic Sea coast of Yugoslavia. He invested an additional $500,000 in advertisement. Despite Yugoslavia being nominally a communist country, it encouraged foreign investments. The entire project was designed by Yugoslav architect Boris Magaš and realized through Brodokomerc, a local company. Prior to that, the project needed to be authorized through a so-called workers' council, a process which Guccione described as "ridiculously easy". The hotel officially opened in 1972. Staff included around 50 Penthouse Pets, and the guests included the former Iraqi president Saddam Hussein. However, the hotel went bankrupt the next year.http://www.blic.rs/vesti/reportaza/uspon-i-pad-jugoslovenskog-hotela-mira-i-pornografije-od-bazena-punjenih-sampanjcem/vvet61s Blic: "Uspon i pad jugoslovenskog hotela mira i pornografije: Od bazena punjenih šampanjcem do ruine", accessed at 27-03-17 (in Serbian)http://hotelijeri.com/hotel-haludovo-palas-najraskosniji-hotelski-kompleks-bivse-jugoslavije/ Hotelijeri: "Hotel Haludovo Palas – najraskošniji hotelski kompleks bivše Jugoslavije", accessed at 27-03-17 (in Serbian)
In 1976, Guccione used about US $17.5 million of his personal fortune to finance the controversial historical film erotic film Caligula, with Malcolm McDowell in the title role and a supporting cast including Helen Mirren, John Gielgud and Peter O'Toole. The film, released in late 1979, was produced in Italy (made at the Dear Studios in Rome) and was directed by Tinto Brass. Guccione also created the magazines Omni, Viva, and Longevity. Later Guccione started Penthouse Forum, which was more textual in content. In the early 2000s, Penthouse published a short-lived comic book spin-off entitled Penthouse Comix featuring sexually explicit stories.
In 1982, Guccione was listed in the Forbes 400 ranking of wealthiest people, with a reported $400 million net worth.Munk, Nina (September 25, 2005). "Don't Blink. You'll Miss the 258th-Richest American". The New York Times. An April 2002 New York Times article quoted Guccione as saying that Penthouse grossed $3.5 billion to $4 billion over the 30-year life of the company, with a net income of almost $500 million.Carr, David (April 8, 2002). "Cybersmut and Debt Undermine Penthouse", The New York Times; accessed October 9, 2014.
Guccione was also praised by certain professional groups and associations for his dealings with them. In April 1978 he was named "Publisher of the Year" by the Atlantic Coast Independent Distributors Association in gratitude for his "leadership, his fair treatment and his continuing friendship with our members".
In 2013, director Barry Avrich made a film about Guccione's life entitled . The film premiered at the Toronto International Film Festival on September 9, 2013. It was later broadcast in Canada on The Movie Network and Movie Central and in the United States on Epix in November 2013.
In 2003, General Media, Penthouse publisher, filed for bankruptcy protection. Guccione resigned as chairman of the board and CEO of Penthouse International, Inc.
His second was to a British woman, Muriel Hudson, with whom he had four children. They divorced in 1979.
His third marriage, in 1988, was to his long-time companion, Kathy Keeton, a native of South Africa. In 1997, Keeton died of complications from surgery to remedy an obstruction in her digestive tract after a long battle with cancer. She was 58.
In her last few months, Keeton befriended an ex-model named April Dawn Warren, and gossip maintained that Warren was Keeton's hand-picked successor. After a long engagement, Guccione and Warren married in 2006 and remained together until his death. The Twilight of Bob Guccione|Rolling Stone Culture, October 21, 2010; accessed October 1, 2014. Guccione continued to list Keeton on the Penthouse masthead posthumously as president, but later added Warren to the masthead after she had spent ten years as creative director of the magazine.
Warren and Guccione were working on a book of reminiscences, Good to Know, until shortly before his death in 2010, at age 79. He died with Warren at his side.
In November 2003, the mansion was foreclosed on by Kennedy Funding of New Jersey, Real Estate Weekly, "Kennedy's funds get around", June 23, 2004; accessed October 1, 2014. the mortgage holder, along with an affiliate of multibillion-dollar hedge fund Elliott Associates of New Jersey. In January 2004, a group of investors came to Guccione's aid during his eviction. A London-based investor, Jason Galanis, led the investment group which purchased the property for $26.5 million in cash. "IBill Settles With Penthouse Founder Guccione" , adult-dvd-x.com, May 19, 2006; accessed October 9, 2014. "The House that Porn Built", February 2007; accessed October 1, 2014.Dash Hamilton. "I Bill, You Bill, We All Scream for iBill: Is the check finally in the mail?", Spam Daily News, September 1, 2005; accessed October 1, 2014. The house was purchased by NY Real Estate LLC, an entity set up to acquire the mansion. Galanis contributed $2.6 million, and two New York hedge funds, Laurus Funds and Alexandre Asset Management, made a mortgage loan of $24 million to NY Real Estate LLC, which was owned by Penthouse International, the parent and debtor-in-possession of General Media.
As a result of the continuing contentious bankruptcy, which lasted over a year, the promissory notes due to Laurus were considered in technical breach of covenants which resulted in severe financial penalties in excess of $8 million. Penthouse International elected to forgo refinancing the house due to the combination of the penalties and the unfavorable lifetime lease of $1 per year that was granted to Guccione, which made the property unmarketable. Laurus sued Guccione to take possession of the house from the tenant.
Guccione also lost his country house in Staatsburg, New York, as the 15-room Baroque-style stucco mansion on a 75-acre property on the Hudson River was foreclosed and sold for $4 million.Schiffman, Betty. Bob Guccione sells off real estate ownings, forbes.com, August 27, 2004; accessed October 22, 2010. The estate was purchased by actress Uma Thurman and hotelier André Balazs,Tuman, Diane (October 21, 2010). "Not Just Porn for Bob Guccione: Real Estate Porn, Too", zillow.com; accessed October 9, 2014. and it is now known as Locusts on Hudson.
The Guccione art collection was sold at auction by Sotheby's in November 2002 to pay Guccione's personal debts, originally incurred in the Atlantic City venture. Sotheby's Auction from Shareholder.com The collection had been appraised by Christie's at $59 million two years previously. However, 9/11 had depressed the art market and the Guccione collection failed to sell for its appraised price. The aggregate sale price was $19 million, which was used to pay lender Swiss Re. Swiss Re sued Guccione in New York State Court for a $4 million shortfall on the loan balance. Much of the remaining personal collection of Bob Guccione's art, photographs, and memorabilia was acquired by entrepreneur Jeremy Frommer in early 2012. The acquisition included over 60 original Guccione Oils, as well as the original illustrations and photographs by artists such as Arthur Cummings, Bill Lee, Suze Randall, Earl Miller, Berth Milton Sr. and more. The highlight of the collection is the quarter of a million photographs that were taken by Bob Guccione, himself, throughout the 1960s, 1970s and 1980s. The items obtained by Frommer were the inspiration for his company Jerrick Ventures LLC's creation of the website Filthy Gorgeous Media, which debuted in June 2013.
Guccione had a history of leveraging his prized asset. He borrowed $20 million from AIG, the insurance company. Subsequently, they refinanced with Swiss Re Insurance. Guccione Gets $35 Million Reprieve , KennedyFunding.com; accessed October 9, 2014.
Career
Awards and recognition
Decline and resignation
Legal dispute
Other work
Personal life
Family
Marriages
Residence
Art collection
Illness and death
External links
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