Hollywood mogul's estate purchase tops Hamptons list
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New York
HOLLYWOOD mogul David Geffen's US$70 million purchase of an oceanfront estate topped luxury home sales last year in New York's Hamptons, but a sharp price drop after the No 2 spot reveals a dismal year, a local brokerage reported on Thursday.
A US$63.8 million sale of another oceanfront property in East Hampton, New York, to liquefied natural gas entrepreneur Michael Smith was the second-most expensive home sold in 2016 in the Hamptons, according to Town & Country Real Estate in East Hampton.
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