Artist’s Water Mill home auction extended

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The Water Mill home

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Artist Setsuo Ito’s 12,000-square-foot Water Mill home will stay on the market a little longer, according to Curbed, after Ito and his agent, Prudential Douglas Elliman broker Jacky Teplitzky, decided to extend the property’s auction through Aug. 28. The two previous bidding dates were Aug. 8 and Aug. 15. The auction on the mansion — which had an asking price of $30 million in 2009, before the listing had its acreage chopped and its price reduced to $10.99 million — has no minimum bid. The seven-bedroom, five-bathroom house includes a 4,000-square-foot sun deck, a 1,600-square-foot spa, jacuzzi and swimming pool. [Curbed]