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There's been lots of depressing news about the state of the Hamptons real estate market in recent weeks. Today, however, there's a bit of good news to report: Calvin Klein has finally started demolishing Dragon's Head, the tacky 50,000-square-foot castle in Southampton that he bought a few years ago. A smaller—but much trendier—minimalist mansion will soon rise from the rubble. And if Calvin remains bullish about the future, shouldn't you be, too? Of course you should. [Newsday, previously]