The Potts Point apartment of the man behind the Australian Institute of Sport has fetched a whopping $6.85m at auction.
The three-bedroom, two-bathroom apartment with double parking on the 12th-floor of the Mirvac-built Ikon block at 1203/81 Macleay St — home of the former Federal politician Bob Ellicott, who died late last year at the age of 95 — was sold via Jason Boon of Richardson and Wrench Elizabeth Bay/Potts Point.
At last night’s auction, Cooley’s auctioneer Jake Moore had three bidders — all downsizers — with the final result exceeding the $6.7m reserve by $150k.
The buyer was a lady who’d bought into Ikon a decade ago.
Ellicott and his late wife, Colleen, who died in 2020, had bought the unit off the plan for $2.5m in 2004.
As the Minister for Home Affairs and the ACT under Prime Minister Malcolm Fraser in the 1970s, Ellicott came up with the idea of a national high performance sporting facility.
The AIS has trained Australian Olympians since 1981 and its CEO, Kieran Perkins, said last November the institute was in mourning, describing Ellicott’s vision as “revolutionary”.
Ellicott was elected to the federal seat of Wentworth in 1974 and became the first attorney-general of Fraser’s Liberal government.
He held his seat for eight years, including time as the commonwealth solicitor general.
But speaking at the AIS in 2013, Ellicott said the AIS was one of his proudest achievements: “I had a vision of a place where our athletes who are pursuing excellence could come, and have the best coaches, the best facilities and … also be able to pursue qualifications for life after sport.”
A two-bedroom investment apartment owned by Ellicott on level 15 of Ikon sold for $2.6m, two days prior to its scheduled auction on February 23.
Boon had a guide of $2.6m.
That had last traded for $2.4m in 2020.
Ellicott exited politics in 1981, joined the bench of the Federal Court and practised as a Queen’s Counsel.
He played a significant role in the 1996 Super League case that stopped any alternative rugby league until the turn of the century.
In 1986 he was appointed Gymnastics Australia patron and was awarded the Order of Merit by the Australian Olympic Committee in 2006.