Wellington equestrian estate hits auction block

After dropping its ask by more that $2 million, but failing to find a buyer, a Wellington equestrian estate will hit the auction block in February, according to the Wall Street Journal. The 10-acre property, which includes a 80-by-220-foot covered and mirrored riding arena — had originally listed for $9.6 million in June of 2007, but then dropped its asking price to $7.5 million — its current asking price.

Carol Cohen, the widow of former Boston Celtics and New Jersey Nets co-owner Alan Cohen, made the decision to auction the 2,600-square-foot, four-bedroom home, featuring a 12-stall courtyard stable and tack room, with Platinum Luxury Auctions, which is currently scheduled to auction the property on February 9, according to the Journal. [WSJ] —Christopher Cameron