PHOTO: Property investor Vaughan Blank was the buyer of the 11 Art Deco flats in Edgecliff.

PROPERTY investor Vaughan Blank is the man who paid more than $33 million — the highest price achieved at auction for a residential property in Australia — for a block of Art Deco flats in Edgecliff last week.

Mr Blank — well known as a collector of property across the eastern suburbs — bought the 11 units at 22 Albert St, Edgecliff amid rapid-fire bidding and a packed auction room in Double Bay last Thursday.

He was there bidding himself, wearing a cap promoting Woollahra’s Hughenden Hotel which he’s also recently purchased. The underbidder was another property baron, Steve Burcher.