In a record-breaking live auction at Sotheby’s New York salesroom, “La Dune,” widely regarded as one of the Hamptons’ most iconic estates, was sold for $88.48 million. 

While the estate has two addresses—366 and 376 Gin Lane in the Southampton area of Long Island, New York—both properties went to the same bidder. 

With an audience just shy of 100, seven bidders competed in the auction room, on the phone (via a team of specialists), and online, making “La Dune” the most valuable property ever purchased via live auction at Sotheby’s. 

Both “La Dune” addresses were offered—individually and collectively—via Sotheby’s Concierge Auctions, the largest luxury real estate marketplace. 

Read on for the highlights and to enjoy some jaw-dropping photos of the estate. 

Live auction highlights

Sotheby’s Concierge Auctions hosted the event in collaboration with Harald Grant of Sotheby’s International Realty, Tim Davis of The Corcoran Group, and Cody Vichinsky, President and Founding Partner of Bespoke Real Estate.

The internationally-known luxury real estate firm already held the word record for the most expensive residence sold at auction—and the highest sale price of any U.S. property listed in 2022: a California estate known as “The One,” which sold for $141 million. 

“La Dune” was auctioned live at Sotheby’s alongside other luxury properties, as well as art and other luxury items at Sotheby’s as part of a week-long auction and event series, “Visions of America,” to showcase the pinnacle of American craftsmanship. 

The auction was streamed live from Sotheby’s New York saleroom on conciergeauctions.com as well as sothebys.com

Other properties were auctioned during the same event, including one in Wellington, Florida—described as the equestrian capital of the world—which sold for $5.04 million in partnership with David Norman of One Sotheby’s International Realty. 

Every single one of the lots auctioned sold, with aggregate bids placed totaling $808.25 million. 

Sotheby’s Concierge Auctions head auctioneer, Frank Trunzo, conducted the event. 

“La Dune” Sale Highlights

  • Both “La Dune” estate properties were sold to a single bidder. 
  • The live auction had global participation from seven property connoisseurs from North America and the Caribbean, including New York and Connecticut. 
  • The sale price amounted to a 121.2% increase from the winning bidder’s opening bid

The remarkable final sale price for ‘La Dune’ reflects its stunning design, exclusive address, and historic pedigree. It’s a result that our team, as the world’s leading luxury property auctioneer, is best positioned to obtain. We deal in real market value, which is ultimately measured by what a group of qualified bidders are willing to pay for a unique, one-of-a-kind piece of real estate like ‘La Dune’.

Chad Roffers

Founder and CEO of Sotheby’s Concierge Auctions

Details on the “La Dune” estate

As mentioned above, the estate has two separate properties with distinct addresses: 366 and 376 Gin Lane, with the latter being the main (original) residence. Combined, the estate has over 400 feet of bulkhead beachfront with direct access to the beach. 

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Source: Sotheby’s Concierge Auctions / Gavin Zeigler

Together, the two residences have 21,451 square feet of living and entertaining space, including 19 bedrooms, 20 bathrooms, a gym with a sauna, tennis courts, pristine outdoor pools, manicured grounds, and separate staff suites.

Main residence: 

  • 376 Gin Lane—built in the early 1900s
  • Designed by renowned architect Stanford White
  • More than 11,000 square feet
  • 10 bedrooms, eight bathrooms, and staff quarters
  • Situated near the beach, with breathtaking ocean views
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Source: Sotheby’s Concierge Auctions / Rich Taverna

Second residence: 

  • 366 Gin Lane—built in 2001
  • Designed by Francois Cartroux, esteemed architect and French designer
  • Created to mirror the style and proportions of the original residence, with similar design elements, but with a billiards room and home theater added
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Source: Sotheby’s Concierge Auctions / Gavin Zeigler

I am pleased to have partnered with Sotheby’s Concierge Auctions on yesterday’s sale of the iconic ‘La Dune’ residence. This extraordinary oceanfront compound represents one of the finest offerings in the Hamptons; it is no surprise that this auction resulted in a record sale.

Harald Grant

Associate Broker & Senior Global Real Estate Advisor, Sotheby's International Realty

As part of Sotheby’s Concierge Auctions’ Key for Key® program, and in partnership with Giveback Homes, closings on the properties sold will provide funding toward building new homes for families in need.

See the property listing at ConciergeAuctions.com for more details and images.