♦ It looks like Modell's Sporting Goods CEO Mitchell Modell has picked up a bargain on the East End. He paid $6.95 million for a seven-bedroom spread in Bridgehampton, which is $1.545 million less than the home's original asking price. [Newsday]
♦ French author, columnist, and pundit Guy Sorman and his wife Marie-Dominique have paid $5.1 million for three-bedroom a penthouse apartment in the Metropolitan on East 90th Street. [Cityfile]
♦ Fashion designer Adrienne Vittadini has lowered the price of her five-bedroom home in Water Mill: After lingering on the market for a year, it's now down to $6.495 million from the original asking price of $7.6 million. [Newsday, Sotheby's]

Modell is CEO of New York's best-known sports retailer, Modell's Sporting Goods, which has been in his family for four generations.