"They were very cordial afterwards," said Wayne Thompson, property manager for New York's Suffolk County on Long Island. "One was represented by a lawyer and the other showed (up). The one without the lawyer won!"
The winner, after a total of 34 bids and counter-bids, was Marc Helie, who according to Bloomberg, is employed by Chevalier Investments, LLC, in Manhattan.
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His rival in the face-to-face in a conference room at the Suffolk county's Division of Real Property Acquisition and Management in Hauppauge, was Kyle Cruz, a managing director at Centerbridge Partners LP also in Manhattan.
Newsday, which first reported on the bidding war, said neither man commented on the auction.
Thompson said the bidding started at a minimum of $1,500 and went back and forth until Helie emerged the winner. "We had figured maybe it would go to a couple thousand and one would walk away," Thompson told NBCNews.com
"It's only one foot (wide) but it mattered to the guy who bought it," he said,
But based on reports from staffers who ran the auction, Thompson said, "I gathered one guy really did not want the other one walking over his property to the water.