THE CEO of a jewellery brand made history yesterday when she bid R90-million at an auction for a dream villa in Clifton. Clare Wiese put in the highest bid achieved on a residential property in South Africa.The six-bedroom mansion in Nettleton Road — arguably the most exclusive street in the country — was developed by property mogul Stuart Chait who co-founded MvelaProp with Tokyo Sexwale.Sasfin Bank had been a partner. But Chait said the bank considered it “too big exposure on their books” and decided “not to extend the loan”.Chait put the house — with eight bathrooms, a sauna, pool and an elevator — on the market months ago for R150-million. But the bank ordered the auction.He believes they could have achieved a higher price this summer when international buyers are set to prowl for luxury.Or, said Chait, the house could be refinanced and “rented out”.“We were recently offered R3.5-million rental for a two-week period over Christmas and New Year by the CEO of a Fortune 500 compan...
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