We derive the properties of Sakurai's object before its sudden evolutionary
change by studying the remnant ionization of the old planetary nebula (PN)
surrounding it. The star must have had a surface temperature of 98 000 +/-
7000 K (95 000 +/- 7000 K). For a distance of 1.5 kpc (5.5 kpc) the lumino
sity should have been 25 +/- 5 L. (240 +/- 40 L.). The central star thus wa
s highly evolved and had already reached the tip of the white dwarf cooling
track. Sakurai's object indeed is an example of a star undergoing a very l
ate helium flash.