Australian Auction Record

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A Bondi Beach penthouse sold for $20.1 million at weekend auction, becoming the most expensive apartment ever sold at auction in Australia.

But it is not a record price for Bondi Beach penthouses.

The 16/16 Notts Avenue home was sold by former world champion yachtsman and hardware store director, James Mayo.

It last traded for $9.8 million in 2016 and at $8 million before that in 2009.

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The opening bid for the four-bedroom, four-bathroom penthouse was $14.5 million - and within the pre-auction buyer’s guide of $13 million to $15 million.

The penthouse sold through Ben Collier of The Agency Eastern Suburbs to a local buyer.

Bondi Beach’s $21 million suburb record for an apartment was set in 2013 when fund manager Will Vicars bought a double penthouse in the the Bondi Pacific project off-the-plan.

It is believed the highest prior auction sale of an apartment in Sydney was the Cliff Towers, Point Piper sale last October for $13,025,000 at a hotly contested auction.

The three-bedroom apartment at 2/124 Wolseley Road sold through Sydney Sotheby’s International Realty agent Michael Pallier when three of the seven registered bidders were active throughout the auction.  
 
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There were seven buyers registered for the Bondi Beach penthouse that sold for $20.1 million at auction on Saturday

Australian Auction Record

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