![[IN PICS] Only one property at Gupta brothers' Saxonwold compound auctioned off](/_next/image?url=https%3A%2F%2Fmedia-cache.primedia-service.com%2Fmedia%2Fw0udb5xq%2Fwhatsapp-image-2025-07-24-at-135144-1.jpeg%3Fwidth%3D1200%26height%3D630&w=3840&q=100)
[IN PICS] Only one property at Gupta brothers' Saxonwold compound auctioned off
"Final time at R3.3 million," the auctioneer said.
The furniture that was used by the Guptas in the two luxurious properties was sold for R100,000 and R65,000, respectively.
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The South African
6 hours ago
- The South African
Inside the Gupta mansion sold for almost HALF the price
One of the former Gupta family's three Saxonworld mansions was sold for almost half its price at an auction this week. The property received just one bid. The estates have made headlines over the years after the City of Johannesburg revealed that it owned over R700 000 in unpaid municipal rates. As part of a business rescue plan attached to the controversial family's bankrupt Confident Concept, the properties and moveable assets were placed on public auction by the Supreme Court of Appeal According to Park Village Auctions, just one Gupta-owned property was auctioned off this week – number 3 Saxonworld Drive, at just R3.3 million. The three-bedroom staff residence received just one bidder. The 3,687m², single-storey home was initially priced at R5 million. Auctioneer Clive Lazarus said: 'The property, which was reportedly used for staff accommodation or security quarters, is in a state of disrepair'. Take a look inside… Inside number 3 Saxonworld Drive. Images via Park Village Auction Images via Park Village Auction The auction also placed numbers 5 and 7 Saxonworld Drive – part of the Gupta compound, on auction. Neither received any bids. Number 5 is a three-story, eight-bedroom, five-en-suite mansion with an indoor pool and rooftop patio. While the R21.73 million mansion remains on the market, its contents were sold for R100 000. Number 7 Saxonworld is the biggest property, boasting 17 en-suite bedrooms, a cinema, a beauty salon, and a triple-volume foyer. It is valued at R36.86 million. The contents of the hotel-esque property sold for just R60 000. According to Park Village Auctions disposal manager Graham van Niekerk, the two properties failed to sell due to several factors, such as high municipal rates, restrictive residential zoning, structural damage, and the 'stigma' associated with the Gupta name. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
The Citizen
6 hours ago
- The Citizen
Video: A tour inside the Gupta compound
Join us on a tour of the Gupta compound on Saxonwold Drive; this was the home of the Gupta brothers, but it is now being sold at auction. The Citizen had the opportunity to have a look around the Gupta compound in Saxonwold. This was ahead of an auction taking place to sell the three properties. A view of number 5 Saxonwold Drive, part of the Gupta compound, seen on 24 July 2025. Picture: Michel Bega/The Citizen Number 3 Saxonwold Drive was the most rundown property of the three, and it was the only one to sell. Numbers 5 and 7 did not sell during the auction by Park Village Auctioneers. Number 3 Saxonwold Drive, seen on 24 July 2025. Picture: Michel Bega/The Citizen Number 3 Saxonwold Drive, estimated to be worth R5.5 million, only managed to fetch R3.3 million at the auction. ALSO SEE: Inside the Gupta compound, also known as the 'Saxonwold Shebeen'
eNCA
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Former EOH director fined R500k for faking PhD
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