Auction action settling down
Auctions such as the one held last Thursday by Ganley Craigie just outside of Naas, Co Kildare, could be used as a rough barometer of the economic health of the nation.
The last time we visited a plant and machinery auction at this venue in early 2010, it was packed with both equipment for sale and buyers.
Last year, there was an enormous amount of kit for sale, in particular rigid and articulated trucks, plus plant from both the building and agricultural sectors.
This time around there was far less plant and commercial equipment for sale, albeit high-end quality equipment.
There was also less high-end agricultural equipment, in particular tractors, up for sale. This is a good indicator that things have thankfully settled down within the farming and contracting industries.
That said, though, there appeared to be a number of farmer or stockman specification tractors that were up for auction under the direction of the banks or financial institutions. There was also a quantity of rougher tractors and machinery, which didn't draw much interest.
The following is a sample of what was on offer, and the prices quoted are the 'hammer' prices.
VAT and the auctioneer's fee need to be added to all. The auctioneer's fee is 7.5pc on items under €2,500 and 5pc on items over €2,500. VAT in all instances is 21pc.
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