The Hampton Rentals of the Wealthy Now on the Auction Block

Paul McCartney's girlfriend may have to find a new place to hang her summer hat. And Nancy Shevell, better known to some New Yorkers as a board member of the Metropolitan Transportation Authority, is not the only one who could lose her beachside spot at an upcoming auction.

East Hampton Village has decided that after almost three decades of leasing its 13 Sea Spray Cottages to pretty much the same old crowd...well, the process is going to open up at month's end to the waiting list of about 300 interested parties. The hot topic for the Hamptons real estate scene: an auction is set for Feb. 27, according to the reliable Fred A. Bernstein of The New York Times (and Aol Real Estate).

When it is over, Shevell, who Bernstein calls "a trucking company executive who has been dating Paul McCartney since 2007," could be without her cottage. Bernstein also focused in on the tale of woe of Peter Brown, who once managed the Beatles. Of course this being the Hamptons, everybody is wondering and maneuvering about exactly who will win on Auction Day.