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Private treaty or public auction - what auctionneers advise on selling land

The Covid-19 crisis has led to some online and private auction sales, but public auction and private treaty are likely to remain the main methods of doing business once the restrictions are lifted

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Done deals: The 286ac Kilfrush Stud at Knocklong, Co Limerick was withdrawn from auction in summer last year by auctioneer Paddy Jordan after being bid to €6.1m. It sold by private treaty in the latter part of 2019 for a higher figure

Done deals: The 286ac Kilfrush Stud at Knocklong, Co Limerick was withdrawn from auction in summer last year by auctioneer Paddy Jordan after being bid to €6.1m. It sold by private treaty in the latter part of 2019 for a higher figure

A 104ac residential tillage and grass farm with a two-storey, listed thatched farmhouse, at Coolatore, Ferns in Co Wexford sold as an entire at auction  making €1.55m or almost €15,000/ac.

A 104ac residential tillage and grass farm with a two-storey, listed thatched farmhouse, at Coolatore, Ferns in Co Wexford sold as an entire at auction making €1.55m or almost €15,000/ac.

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Done deals: The 286ac Kilfrush Stud at Knocklong, Co Limerick was withdrawn from auction in summer last year by auctioneer Paddy Jordan after being bid to €6.1m. It sold by private treaty in the latter part of 2019 for a higher figure

The farmland market, like all other parts of the economy, is hurting as the Covid-19 crisis bites.

With strict guidelines on physical distancing and travel restrictions in force, the options for selling land by auction are limited. But sales by private treaty, private auction and online auctions are continuing.

The online option is a relatively recent and rare vehicle for land sales. It could, however, become more mainstream if restrictions around public gatherings remain in force beyond the summer.