The Boston Globe featured a story on the Wyck Estate on Smith's Point in Manchester-by-the-Sea that was first put on the market - four years ago – at the asking price of $23.5 million. In the current market of foreclosures and slow sales, there are bargains, and then there are bargains of epic proportions. This estate on the North Shore, for example, is almost 50 percent off the original list price. It's now down to just $12.25 million. As the article says, "such is the state of the extreme estates, those rarefied properties so grand, so unique that it's almost ridiculous to calculate how much they're really worth."
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