Former adman Tom Dery buys on the quiet in Potts Point

Former adman Tom Dery buys on the quiet in Potts Point
Former adman Tom Dery buys on the quiet in Potts Point

Tom Dery, the former worldwide chairman of ad agency M&C Saatchi, has downsized, having quietly spent $4.3 million on a Potts Point apartment.

The purchase comes after he sold his luxury 1890s Paddington home for $5.1 million late last year.

He's gone off-market to secure a three bedroom apartment in the Wylde Street block Ikon.

The apartment last traded for $1.55 million.

Dery founded the global advertising company in Sydney in 1995 and was recently entered into the Advertising Hall of Fame. 

He stepped down as the worldwide chairman last year.

This article first appeared in The Daily Telegraph. 

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