WSJ: Another Ultraluxury Mansion Heads to the Auction Block

Wall Street Journal: An "eco-friendly" Sands Point, N.Y. mansion that was marketed for $38 million will be sold at auction with no reserve.

Yet another home that came on the market with an ultrahigh price-tag in the last real estate boom is headed to the auction block.

An “eco-friendly” Sands Point, N.Y. mansion that was marketed for $38 million will be sold at auction with no reserve price on October 27, according to the owner. Elite Auctions is handling the sale.

The waterfront…

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