Libbie Mugrabi, ex-wife of billionaire art dealer David Mugrabi, listed her Hamptons mansion for $25 million and later cut the price to $19 million; its court-ordered auction will start at $11 million
- Libbie received the mansion in divorce settlement with David Mugrabi (Getty images)A luxury estate in Bridgehampton owned by socialite Libbie Mugrabi is set to go under the hammer after failing to sell through the regular real estate market.
- The court-ordered auction is scheduled for August 28 outside Southampton Town Hall, with bidding set to begin at $11 million.
- The auction stems from a legal dispute over a $3.5 million loan that Mugrabi took against the property and did not repay, according to court records.
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- Libbie received the mansion in divorce settlement with David Mugrabi (Getty images)A luxury estate in Bridgehampton owned by socialite Libbie Mugrabi is set to go under the hammer after failing to sell through the regular real estate market.
- The court-ordered auction is scheduled for August 28 outside Southampton Town Hall, with bidding set to begin at $11 million.
- The auction stems from a legal dispute over a $3.5 million loan that Mugrabi took against the property and did not repay, according to court records.
Sources: Times of India