Idiot sellers? I report, you decide

Name your price: doesn't mean you'll get it

218 Clapboard Ridge Road, which debuted at $25 million in 2013, has sold for $9.650, exactly as I predicted back then.

In September, 2013, Greenwich Time ran its usual puff piece on this property, and included this quote that probably came back to haunt its original listing agent, as I warned it would at the time: 

"It's really a trophy property," she said. And while a price tag of $25 million will certainly narrow the perspective [sic] buyer pool, she said she's not concerned about the possibility that it will sit on the market long.

"There are pockets of people looking for something special," she said. "And this, this is something special."

Yeah, well. It's not that I'm so smart; it's that there are some agents out there that are so stupid. Or they don't like telling prospective clients the truth: I'd go with the latter on this one, because her clients had paid $7.750 million for the wreck in 1999 and sunk at least another $10 into rebuilding it. Ouch.

UPDATE: 4 years and some months later, Greenwich Time catches up with the news. 

Ol' Sigmund would have enjoyed this one