Celebrity getaway sells for more than $21 million
BYRON Bay celebrity hideaway Rae's at Wategos has changed hands for a staggering price, selling for more than $21 million ahead of an auction today.
The final sales figure was not disclosed. However, it was understood the vendor had turned down offers of $16 million and $21 million before accepting the final offer.
More than 80 people had gathered at Rae's on Wategos for the 2pm auction of the iconic hotel this afternoon when auctioneer Andrew Bell announced at 2.30pm that the owner, Vincent Rae, had accepted an offer so the auction would not be proceeding.