Dad nabs first home for banker
A PROUD dad bought his banker son a first home in Crows Nest yesterday for $1,803,000 — $203,000 above reserve. The two-bedroom property had cost its ABC film editor vendor $36,500 in 1975.
Agents Rick D’Amico and Djordje Kresovic, of Forsyth, had seven bidders register for the charming cottage at 162 Atchison St, with six of them fighting frantically for it from the opening offer of $1.49 million.
From then on the $10,000 and $5000 bids were flying, with auctioneer James Pratt doing well to keep up, but determined dad Greg Sedgwick emerged victorious.
He was doing the bidding for his son, Mitchell Sedgwick, an associate at Goldman Sachs, who was looking for a first home for himself and his girlfriend Emma Fletcher, a marketing manager.
The young couple, both in their 20s, are holidaying overseas.
Although father Greg is helping with the deposit, the couple have financing approved.
It was a hard-fought battle for the prize, with the bids down to $1000 offers at the end. The underbidders were a local Chinese family.
Mr Sedgwick’s opponent was a young woman who looked eager to continue the contest — but her hus- band snatched her lucky No. 8 paddle from her hands, preventing any further bids.
Peter Vile, 83, who worked at the public broadcaster between 1968 and 2000 and is affectionately known as “Mother”, was the vendor and it had been his first home at the age of 40.
“It was a lot of money back then,” he remembered.
“I’m pleased to see it going to a young couple.”
Mr Vile was well-regarded at the ABC, winning a Sammy award for his film editing. He remembers working with Bill Peach on This Day Tonight.
The walls of the well-kept home are crammed full of travel posters, stars of the screen, ballet dancers and even cats.
There are also several gold statues, including a replica of Michelangelo’s David.
“None of it was mine,” Mr Vile laughed.
“They’re all from a friend who moved in to look after the place when I went overseas and he stayed for 25 years.”
Then Mr Vile inherited the lot when the friend died 15 years ago.
Now he is moving into aged care, it’s all for sale — and the Sedgwicks may be able to help.
“We will probably buy one or two to keep a bit of history,” Greg Sedgwick said.
Meanwhile, a stunning sixbedroom, six-bathroom waterfront home at 16 Milray Ave, Wollstonecraft, failed to sell at auction yesterday.
Just one party registered, but Stone McMahons Point agents Annika and Aaron Bongiorno had others waiting in the wings and they’re now negotiating with several parties.
The price guide was $5.7 million.
Peter Vile with Greg Sedgwick; the underbidder; and the interior.