Kingstons fail in bid to save pedigree herd
Sheriff set to proceed with online auction of 500 cows this week
Published 19/04/2016 | 02:30
Up to 500 lots from the embattled Cradenhill herd in Co Cork will be put up for sale again this week, according to the auctioneer handling the sale.
Cork-based Denis Barrett said while the Sheriff was still considering her options, the most likely scenario would be that the lots would be tendered online, and only bids that were fully paid along with transport costs in advance would be successful.
If no bids were received, the animals will be offered to the underbidders in each case.
Peter Kingston's 1,000 head Cradenhill herd and 175ac farm was repossessed by ACC last December following a High Court order in respect of an unpaid loan of close €2.5m.
It emerged that Mr Kingston's 77-year-old father, George, was one of two bidders on close to 500 lots at the auction that was held under tight security on the farm near Kinsale in Cork last week.
George Kingston planned to pay for the animals by cashing in his pension, but payments failed to comply in time with the terms of the sale, and the auctioneer was instructed to proceed with an online tender process.
Peter Kingston has said that "unfortunately the funds won't be available until Wednesday or Thursday of this week. Last Friday, [George] got a solicitor's undertaking that the bill would be paid whenever the money came in.
"[George] was hoping that at least he would keep a couple [of cows] . The man is suffering from Parkinson's and he was keeping that money for his future care. In the name of fair play and decency, it would have been a fine thing to have my father buy a few cattle for my son, so he can keep on the family tradition," he said.