5719 Anchorage Terrace Sanctuary Cove
A waterfront mansion owned by the wife of a bankrupt businessman was the top sale at an auction event racking up $105 million under the hammer.
The Sanctuary Cove trophy home sold for $13m, two years after it was purchased under a company name linked to Maxine Hickmann, whose partner Aaron Hickmann was CEO of South Australian lighting company Vailo.
Vailo became naming rights sponsor for Adelaide’s Supercars event in 2022, but by late 2025 was at the centre of investigations by liquidators.
Aaron Hickmann and his wife Maxine Hickmann. Picture: Supplied/Facebook
Mr Hickmann was declared bankrupt in April last year, while a statement of affairs prepared by the embattled entrepreneur reportedly…