Libbie Mugrabi's Bridgehampton Mansion Heads to Auction, Opening Bid at $11M
Socialite Libbie Mugrabi's luxury mansion in Bridgehampton is set to be sold through a court-ordered public auction after multiple private sale attempts fell through. The legal proceedings stem from an unpaid loan of $3.5 million that was secured against the property. The estate was originally listed at $25 million before being reduced to $19 million, but failed to attract a buyer at either price. Bidding is scheduled to begin at $11 million on August 28.
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