Author: Photographs by ©PATRICKMCMULLAN.COM

In a highly unusual development, a 1.8-acre oceanfront estate is possibly going back to the bank. Louise Blouin’s La Dune, at 376 Gin Lane in Southampton, is reportedly on the chopping block for an estimated pre-foreclosure price of $12,454,090. The owner of Louise Blouin Media, the publishing company responsible for Art + Auction and Modern Painters magazines and the art website BlouinArtInfo.com,