PHOTO: Property investor Vaughan Blank was the buyer of the 11 Art Deco flats in Edgecliff.
PROPERTY investor Vaughan Blank is the man who paid more than $33 million — the highest price achieved at auction for a residential property in Australia — for a block of Art Deco flats in Edgecliff last week.
Mr Blank — well known as a collector of property across the eastern suburbs — bought the 11 units at 22 Albert St, Edgecliff amid rapid-fire bidding and a packed auction room in Double Bay last Thursday.
He was there bidding himself, wearing a cap promoting Woollahra’s Hughenden Hotel which he’s also recently purchased. The underbidder was another property baron, Steve Burcher.
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