Former BOQ boss' weekend Mosman auction falls flat

Former Australian banking executive Stuart Grimshaw and his wife Anneliese put their Mosman home up for weekend auction, but there were no registered bidders.

It follows their move to Austin, Texas where the former Bank of Queensland chief executive took up a job as executive chairman at the pawnbroking US EZCORP group.

Their 1920s-era home with views from Clontarf to North Head was redesigned by French architect Guy de Compiegne when owned by San Francisco-based technology network boss Pascal Brochier and his interior architect wife Sue-Anne, who sold to the Grimshaws in 2011 for $4.85 million.

The four-bedroom home now has approved plans for a BKH-redesign.

Dino Gatti, of Province had expected more than $7 million.

The Grimshaw want to acquire a property in the US, but will miss their Middle Habrour outlook.

"There is always an abundance of activity on the water directly in front of us, there’s never a dull moment," Annelise advised pre-auction.

"Whether it’s the navy seals morning training, the dozens of little skips sailing over from the Spit Yacht Club, the Manly ferry and Cruise ships in the distance, humpback whales frolicking during migration season.. it really is a breathtaking, dynamic view. That’s the wow factor" she said.

Another Parriwi Road auction offering saw limited interest too, but there was a $6.2 million opening bid and it sold through Tim Foote at Belle Property for $6.48 million.

This article first appeared in The Sunday Telegraph.