Libbie Mugrabi, ex-wife of billionaire art dealer David Mugrabi, listed her Hamptons mansion for $25 million and later cut the price to $19 million; its court-ordered auction will start at $11 million
Libbie received the mansion in divorce settlement with David Mugrabi (Getty images) A luxury estate in Bridgehampton owned by socialite Libbie Mugrabi is set to go under the hammer after failing to sell through the regular real estate market. The court-ordered auction is scheduled for August 28 outside Southampton Town Hall, with bidding set to…