Luxury home in the Hamptons Bernie Madoffs summer beach house up for auction

If the following video shows anything, it is that having millions of dollars lying around does not buy you taste. This is a recent video of Bernie Madoff’s luxury beach house in the Hamptons (Montauk Point in fact) that is being auctioned off by the FBI.

Apparently the Government Inc thinks the property is worth around $7 – 8 million and the agent is making much of the fact that it was built before strict zoning laws were introduced and sits just 50 feet from the beach. And it seems that although money will not buy you taste in decorating, it will buy you a view. I also gather that the property is “open to offers.” We shall see.