In a historic moment for the real estate and art worlds, the renowned ‘La Dune’ estate has been sold at a live auction, marking a groundbreaking event where a property was sold within a Sotheby’s art auction. The iconic estate, set on a stunning coastline, fetched an impressive $88.48 million, further highlighting the allure and value of unique properties in the market. This landmark transaction showcases the increasing intersection between art and real estate, as wealthy buyers seek to acquire prestigious properties through unconventional channels.
– ‘La Dune’ estate sold for $88.48 million at a live auction hosted by Sotheby’s art auction.
– The historic sale marks the first time a property has been sold in such an art auction.
– The iconic estate, nestled along a beautiful coastline, symbolizes the allure of unique and prestigious properties in the market.
– The transaction underscores the growing intersection between art and real estate, as wealthy buyers seek unconventional channels to acquire exceptional properties.
You can read this full article at: https://www.housingwire.com/articles/hamptons-property-becomes-first-to-be-included-in-a-sothebys-live-art-auction/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.