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• G. Kelly Martin, CEO of the drugmaker Elan and the former president of Merrill Lynch's International Private Client Group, has lowered the price of his duplex at 1040 Fifth Avenue. The 10-room spread, which Martin and wife Elizabeth Ann paid "between $2 million and $2.5 million" to acquire back in 1994, originally went on the market for $12.9 million in February. It's now listed at $10.2 million. [Cityfile, Real Deal, Corcoran]
• Calypso founder Christiane Celle and her husband, photographer Antoine Verglas, have cut the price of their penthouse at 129 Lafayette Street for the third time in three months. The four-bedroom apartment, which went on the market for $13.99 million in January, was cut to $11.99 million in March and then reduced to $10.65 million in May. It's now priced at $9.65 million. [Cityfile, Corcoran]
• Renée Zellweger has reportedly moved out of 240 Central Park South and is now planning to move to a brownstone on the Upper East Side. [P6]
• Rumor has it Billy Joel may be buying two of the three townhouses currently under construction at 26 Downing Street. [Curbed]