Cork herd auctioned amid heavy security
Total clearance of 503 head at Sheriff's auction of Kingstons' pedigree herd
Published 26/04/2016 | 02:30
The second dispersal sale of the Cradenhill dairy herd proved to be a sell-out in Co Cork yesterday.
It followed the failed attempt by the Kingston family to hold on to 500 head of their herd during the first auction held two weeks ago.
Observers believe that the embattled family had more proxy bidders actively bidding yesterday.
Close to 50 registered bidders that had lodged €5,000 to an account prior to the sale were permitted entry to the camera-free zone where the auction was held.
The sale represented the second attempt by the Cork County Sheriff to recoup some of the €2.5m owed by the Kingston's to their main creditor, the ACC. Once again, there was extremely heavy security on the farm, with uniformed gardai and private security personnel present.
Neither George Kingston nor his son Peter were permitted to bid on the animals following the failed attempt by George to buy back half of the lots at the last auction.
Peter Kingston claimed that his father had cashed in his pension to pay for the animals, but that the funds did not clear in time to comply with the first sale's conditions.
The pair had built up a world-class pedigree herd of Holsteins on the 175ac farm near Kinsale. In 2006, Peter embarked on a plan to assemble a 1,000 cow herd.