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PHOTO: Fairwater, designed by architect John Horbury Hunt, pictured in 1920. Photo: Fairfax Media

Point Piper estate Fairwater, held by the Fairfax family since 1901, is to be sold amid expectations it could be Australia’s first sale for $100 million or more.

The listing follows the death last September of Lady (Mary) Fairfax, aged 95, and dispels reports of more than 20 years ago that she planned to bequeath the estate to the people of NSW.

Recent speculation that the estate was to be sold was confirmed by a one-line statement on Thursday morning by Ken Jacobs, of Christie’s International, who has been appointed by the trustees to sell the property.

 

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