No. 3/10 Longworth Ave, Point Piper, passed in for $10.6m at the auction and sold later that night for an undisclosed figure.
The Point Piper penthouse of San Francisco-based vintage car collector and philanthropist Charles Goodman and his wife, Barbara, has sold for more than $10.6m — $3.6m above the guide.
Richardson and Wrench Double Bay’s Michael Dunn and Andrew Birbeck had been guiding $7m for 3/10 Longworth Avenue, based on two other apartments in the exclusive harbourfront ‘Martinique’ block of just three selling for $6.05m and $6.2m in the past two years.
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“It’s a crazy result, but in line with some of the results we’ve been seeing for special properties recently,” Dunn said.
“The vendors say they can now afford to buy another antique car!”
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There are spectacular harbour views.
While you would expect the larger two-floor penthouse to go for a premium, no-one could have predicted the result would be $4m higher than the units below.
A straw poll of top agents across the east showed they were all gobsmacked at the huge result, with some speculating a neighbour wanting to upgrade or even expand may have been the top bidder.
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The property records show the apartment below to be in the name of Pamela Cannon-Murray — wife of Murray’s Coaches owner Ron Murray, who sold his Bellevue Hill home with a $6m guide in two days this week — and it’s understood they reside in the Point Piper apartment.
The penthouse occupies the top two floors.
R & W confirmed the Murrays had shown considerable interest, but said they weren’t among the registered six bidders at Wednesday night’s auction.
Some thought they may have had another party acting for them, but, regardless, it wasn’t the Murrays who won the keys.
All six who’d registered had put in a bid. Dunn said four downsizers had been extremely keen on the rare property having fallen in love with the boutique block, beautiful harbour views and, particularly, the beach access.
With auctioneer Jesse Davidson presiding, an offer of $6.8m was rejected.
It’s an easy walk from the entrance to the double garage.
After a $7m opener, bidding rose in $500,000; $300,000 and then $100,000s all the way to $8.9m.
Then sporadic bidding to the end. There were still four bidding beyond the $10m level.
The bidding had been so intense that the vendor lifted the reserve during the auction and the property was passed in at $10.6m.
But it sold on the night of the auction for an undisclosed amount that was close to the passed-in figure.
It’s understood that Goodman has one of the biggest — if not the biggest — vintage car collections in the whole of the United States.
Property records show the Goodmans bought the three-bedroom, three-bathroom harbourfront penthouse on Lady Martin’s Beach at 3/10 Longworth Avenue for $3.5m in 2001.
