A failed Bridgeport condominium project (there’s a redundant term) is going on the auction block August 30th. This might work in Bridgeport, but would an auction work in Greenwich? The only one I’m aware of, Mr. Martin Cheslock’s attempt to unload 309 Taconic Raod, was a bust last year. Of course, with 31 acres, 26,000 sq. feet of house an and annual upkeep cost, according to Mrs. Cheslock, of $200,000 per year, this rarefied property might not be the best example of an auction’s efficacy. My guess is that bidders at a Greenwich auction will attend with expectations of such low prices that the seller will refuse to go through with the deal – no one is going to sell the property and still owe money on his mortgage, for instance. But if anything interesting crops up in this regard, I’ll let you know.