Abandoned Cold War Island Up for Auction—But Can It Be Saved?
An unusual auction is set to take place on June 4, offering a chance to own the rights to Ostervilm, an artificial island in the Greifswald Bodden. Built in 1954 for the East German Navy, the structure now stands in severe disrepair, with cracks, rust, and broken windows making it unsafe for inspections. The island was originally constructed as a demagnetization station, serving military purposes during the Cold War. Decades later, it remains a striking but decaying landmark, featuring a 1.3-ton ceramic bell sculpture by artist Gerhard Benz, installed in 1995.
The auction will be held in Hamburg, roughly 300 kilometres from the island itself. Bidding starts at €39,000, with an additional annual lease fee of €75. Interested parties can place their offers online, though they should note that the purchase does not include traditional property rights. Instead, the winner will secure the right to use the water plot where the island sits. Due to its current condition, no physical inspections are possible. The structure’s deterioration—including settlement cracks, rusted steel, and shattered windows—means buyers must rely on existing documentation rather than firsthand visits.
The auction presents a rare opportunity to take over a piece of Cold War history, albeit one requiring significant restoration. The winning bidder will gain usage rights to the island but must also commit to the annual lease. The fate of the ceramic bell and the island’s future use will depend on the new owner’s plans.
