Like sands through the hourglass, the Hamptons continue to hurtle away from reality: An East Hampton estate has sold for a record-setting $90 million, the highest number ever paid for a U.S. residential property. The 40-acre property is on posh Further Lane and features two guest cottages, a man-made pond, lap pool, sand dunes, and servant's quarters (but of course). The main house, however, only boasts three bedrooms and three baths — thus leading the buyer (some Swedish industrialist, as they all are) to feel that his purchase is downright modest.

Through the Roof [NYP]

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