Auctioneers content at post-auction sales
Published 23/11/2011 | 06:00
"Any day you sell is a good day" is a refrain that frequently falls from the lips of auctioneers in these straightened times.
Kilkenny auctioneer Pat Gannon had a good day last Thursday when he offered for sale a 72.5ac farm located near Freshford, Co Kilkenny.
The farm was presented in five lots, four of which were withdrawn and sold immediately after auction; the other is in negotiation.
When the first four lots comprising 64.5ac were withdrawn from auction, the amount on offer came to €472,000. All four were subsequently bought by neighbouring farmers for figures in advance of their highest bids.
Located on the outskirts of Freshford, the non-residential farm is described as prime agricultural land, with many of the parcels enjoying vast road frontage.
A large crowd of locals turned up at the auction, which saw the first lot, a 42ac parcel with no road frontage, open at €200,000.
After a number of bids, it was withdrawn at €280,000.
Lot two, consisting of 8ac, opened at €50,000 and was withdrawn at €80,000, while lot three, 3.75ac, opened at €30,000 and was withdrawn at the same amount.