Bidders put necks on line to snag charity ties
IT was tie wars last night as executives of the Irish Independent and the 'Irish Times' bid for famous Fine Gael neckwear at a charity auction.
Denis O'Brien, the largest shareholder of Independent News and Media, snagged the red tie worn by Taoiseach Enda Kenny at his state-of-the-nation address earlier this month.
He bid €1,000 for the piece, which originally cost around €70.
As part of the same lot, donated by the Taoiseach for the Dyspraxia Association of Ireland auction, he received a copy of the speech and a signed picture of Mr Kenny in the tie.
Mr O'Brien was not present at the auction yesterday but auctioneer John De Veres White said he had spoken to him and that he agreed to make the bid on the tie.
There was no under bidder for the tie.
Meanwhile, Peter Callan, financial director of the 'Irish Times', purchased a tie for €220, donated to the auction by Finance Minister Michael Noonan.
Bidding for the tie, which was originally worth around €10, started at €200.
The light yellow and blue neckpiece was worn by Mr Noonan during the recent budget announcements.
"It's the 'Irish Times' budget tomorrow," Mr Callan smiled after successfully bidding for the tie.
The auction made €8,000. The organisation aims to raise awareness for the co-ordination disorder which mainly affects children.
The auction also contained a Graham Knuttel picture, which failed to sell with a reserve price of €1,200.
A piece by Robert Ballagh sold for €500.