And watch where you walk

This is just about wide enough for a spite fence:

Two Wall Street financiers locked horns and bid each other up in a face-to-face auction for an overgrown 1,885-foot-long strip of land, just 1 foot wide, running through the dunes to the sea, a local official on Long Island said Thursday.

The winning bid was $120,000.

Which is a bit over $2.7 million per acre, a ton of money even in the Hamptons. This is the part that gets me, though:

[T]he strip of land in Napeague, in East Hampton, had been acquired ten years ago by the county for non-payment of taxes by the owner.

The county decided to sell it off for just $10 and offered it to the owners of six adjoining properties. Four did not respond.

And the other two got into a bidding war. Sheesh.

I am forced to conclude that the winner, an investment banker, owns the distribution rights to pre-sliced, rustproof, easy to handle, low calorie Simpson’s Individual Emperor Stringettes, free from artificial coloring, as used in hospitals.

(Via Bayou Renaissance Man.)







5 comments

  1. fillyjonk »

    6 September 2013 · 1:10 pm

    But hey, $120,000 for the county that didn’t have to come from the taxpayers…not all bad.

  2. McGehee »

    6 September 2013 · 1:54 pm

    I half expected the two bidders to be Evan R. Lawson and Blythe Ballard.

  3. Tatyana »

    6 September 2013 · 6:04 pm

    But the winner can now, theoretically, forbid the five others to walk on that path! even if he didn’t every time they walk on it to the ocean they’ll know – he’s doing them a favor. what a blow to their shark egos!

  4. CGHill »

    6 September 2013 · 8:32 pm

    Which may have been the whole idea: he may have shelled out 120 large, but he gets to live rent-free inside their heads, every time they head to the beach. As psych wars go, that’s pretty effective.

  5. fillyjonk »

    7 September 2013 · 2:54 pm

    Yeah, but surely someone could have found an equally-if-not-more-effective way of cocking a snoot at his rivals that cost less than $120,000? Or is that enormous amount of money (to me) just a pittance to this fellow?

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