Two rentals added to Hamptons auction

New York /
Mar.March 16, 2010 05:58 PM

Two new summer rental properties have been added to Bid on the City’s inaugural Hampton’s property auction, set for March 26. The Southampton properties, a 2,585-square-foot house with a pool and fireplace at 88 Peconic Hill Drive, and a 5,800-square-foot house with a pool and hot tub at 7 Hannahs Court, have starting bids of $60,000 and $135,000 per summer, respectively. The auction, which was originally set for March 20, will include nine other properties (click here to see slide show of the properties). The rental auction will be structured differently from the site’s Manhattan events, opting for a so-called “Dutch auction” rather than the more traditional approach. “Unlike traditional bidding in which the price goes up and bidders have an opportunity to increase their bids, the Dutch auction has incremental decreases [from a higher starting price] until the first bid comes in,” according to Bid on the City. A second Hamptons auction event, featuring 10 properties, is slated for April 9. TRD


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash
Robert Futterman charged with DUI in Hamptons car crash
Robert Futterman charged with DUI in Hamptons car crash
1384 Meadow Lane
The 20 priciest Hamptons sales this year
The 20 priciest Hamptons sales this year
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
Hamptons businesses desperate for workers
Hamptons businesses desperate for workers
Hamptons businesses desperate for workers
700 Meadow Lane
Serious buyers only: The 10 priciest new Hamptons listings
Serious buyers only: The 10 priciest new Hamptons listings
Judith Nathan, Rudy Giuliani and 353 Lopers Path in Water Mill (Getty, Google Maps)
Rudy Giuliani’s ex-wife sells Hampton home for $5M
Rudy Giuliani’s ex-wife sells Hampton home for $5M
40 Meadow Lane, Nir Meir and Robert Kraft (Google Maps, HFZ, Getty)
Patriots owner Robert Kraft buys Nir Meir’s Hamptons home for $43M
Patriots owner Robert Kraft buys Nir Meir’s Hamptons home for $43M
David Walentas and 199 Coopers Neck Lane (Getty, Tim Davis)
Developer David Walentas lists Hamptons mansion for $35M
Developer David Walentas lists Hamptons mansion for $35M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...