Hamptons Mansion Auction Set: Libbie Mugrabi estate faces $11m court sale; experts warn on equity hit

Socialite Libbie Mugrabi's luxury Bridgehampton mansion is set to be sold in a rare court-ordered public auction after repeated attempts to sell the property privately failed. The auction follows a legal dispute over an unpaid $3.5 million loan secured against the estate. The property, originally listed for $25 million and later reduced to $19 million, will open for bidding at $11 million on August 28.