RUMSON MANSION AUCTION A BUST

A jazz duet played on, even after bidders left the auction, which lasted just four minutes. Below, an aerial view from the auction website. (Click to enlarge)

By JOHN T. WARD

They can’t give this baby away, it seems.

A mansion on the Navesink River in Rumson that was once listed for sale at $10.5 million drew a high bid of just $2.6 million at auction Wednesday afternoon, prompting the seller to reject the offer and leaving real estate professionals dumbfounded.

“I don’t know if you could buy the land for that,” the auctioneer told the small cluster of potential bidders who’d gathered under a white tent for the event.

Read More »