ATLANTIC CITY, New Jersey – An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers including Donald Trump.
Joshua Olshin of AuctionAdvisors says Vera Coking’s modest three-story boardinghouse sold Thursday afternoon for $530,000 plus 10 percent commission. Olshin says that bidding was active and that the winner wishes to remain anonymous.
Coking is 86 and has moved to California to be near family. She rebuffed repeated offers from Trump and an attempted state takeover of her property.
Trump said earlier this week he had once offered Coking millions of dollars and housing for life if she would sell.
Thursday’s bidding started at $199,000, priced to sell in Atlantic City’s now-depressed real estate market.