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 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

Socialite Libbie Mugrabi's luxury Bridgehampton mansion is set to be sold in a rare court-ordered public auction after repeated attempts to sell the property privately failed. The auction follows a legal dispute over an unpaid $3.5 million loan secured against the estate. The property, originally listed for $25 million and later reduced to $19 million, will open for bidding at $11 million on August 28.