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RackedWrap: Madoff's Auction Record and Retail Space in EH

1) Dan Rattiner investigates the auction scene this week, grappling with the question of why Bernie Madoff's black 2001 E320 Mercedes only sold a few weeks back for $14,250 when valued at $20,000 by appraisers. This, after his Montauk house once valued at $3 million sold for $9.41 million. His conclusions center on the obvious - a nine year old car is not an oceanfront beach house. [Dan's Papers]

2) In East Hampton Village, retail space at 108 North Main Street has hit the market for $540,000. Currently the home of East Hampton Video and Electronics, it seems changes are afoot in that part of town once again this year. [StreetEasy Hamptons]