Bart’s son, trainer Anthony Cummings, would not comment on the sale when contacted by Fairfax Media on Sunday. The property had been part of court proceedings back in February when Anthony Cummings’s lawyer, Michael Jaloussis, offered valuation for feed company Ranvet and the property.
“As your Honour would see, it is worth about $12-13 million. I wouldn’t doubt if it were rezoned for subdivision, it would be more. It would be a shame if the parties lost that opportunity,” Jaloussis told judge Philip Hallen.
Judge Hallen ordered another valuation at that time. The Cummings family was initially pitted against each other in a battle for the Melbourne Cup master’s estate in late 2016, on the eve of the Flemington spring carnival and more than a year after Cummings’ death.
Anthony and his sisters Sharon and Margaret were party to the initial proceedings in the NSW Supreme Court, which are ongoing.