People with knowledge of the listing said the price guide was likely to be in the $46 million to $50 million range. Others said it would be worth less.The house is not heritage protected and any buyer is likely to build their own new dwelling.Burton said the property was not yet on the market.
“He had a full-time renovator team. He always put a new-coloured front door on it, saying ‘The front door is what they all look at when they come in’. He spent more on the front door than on renovating the units. He was a brilliant marketer.” Despite being declared bankrupt in 1998 after the liquidator of Victoria’s Pyramid Building Society won a High Court battle over the repayment of a $1.3 million loan for which he his wife were guarantors, his collection over the years reportedly includedHe also separately owned a battle axe-shaped block on the other side of Moule Avenue from the house in which he housed his car collection.