Cape Town - Former African Bank CEO Leon Kirkinis has five days to decide whether he is prepared to accept R30m for his ultramodern luxury False Bay coastal home on the cliffs in Rooi Els in the Western Cape.
According to a spokesperson of High Street Auctions, this was the highest bid for he so-called "glass house" on Thursday. The opening bid was set at R20m.
The property has been on the market for R70m for the last two years.
It is believed Kirkinis sketched the concept of the beach house on a serviette in a Hermanus restaurant.
The house offers 360 degree views, has four en suite bedrooms, a pool and Jacuzzi on the deck, a gym, underfloor heating and six automated garages. It even has automated blinds on all windows and hydraulic shutters on all sides, according to the auction brochure of High Street Auctions.
The house, which took four years to build, claimed an award in the residential category in the 2013 Steel Awards for its structural steel construction.
Johannesburg businessman Kirkinis resigned from African Bank a few days before it was placed under curatorship.