A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. Robert Frank has the details:

@robtfrank A clear msg abt life. Nothing remains high value forever.

@robtfrank Bu ev kime ait çok güzel

@robtfrank He called the property “pretty decent”.

@robtfrank 40% off? Is that how all real estate should be priced?

@robtfrank The decrease in the level of rainwater in Panama canal caused delay of ships passing through it & opens the opportunity for the Suez Canal to be the alternative for ships to pass through. the reason of USA presence in the Red & Arab seas to obstruct ships traffic in the region.