AFTER estate agents failed to sell the luxurious home of former African Bank CEO Leon Kirkinis for the asking price of R70m over a two-year period, it will go on auction at the end of July.The opening bid for the property in Rooi-Els near False Bay is R20m.The High Street Auction Company, which will host the auction, says that the house has already garnered attention from foreign bidders.Joff van Reenen, director and lead auctioneer at High Street, said buyers from North America, Europe and other African countries were interested, and that the event would be live-streamed from Hyde Park in Johannesburg."It’s difficult to say how much Kirkinis will get for the house especially considering the large property bubble in Cape Town."He might get more or he might get less for what he was willing to sell it for. But it is up to the sellers’ discretion what he chooses to accept," Van Reenen said.Architect George Elphnick said the house had been a four-year project, which had been initially s...
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