CITY ISLANDER BUYS RAT ISLAND AT TODAY'S AUCTION

Longtime City Island resident Alex Schibli became the highest bidder when the Rat Island auction ended this afternoon. The Swiss-born engineer will pay 73-year-old Edmund "Red" Brennen a total of $716K for the one plus acre island, which is made up entirely of rock. Red, who now lives in Jupiter, Florida, and is a former City Islander, reportedly paid $5K for Rat Island in 1972. He's pictured on the right wearing the biker suspenders.