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Monday 20 November 2017

Bust bank artwork snapped up by Anglo Avenger's lawyer

Solicitor Cahir O'Higgins at the auction
Solicitor Cahir O'Higgins at the auction
'Baskets and Vessels' by Stephen McKenna
'Oil on Canvas' by Kim en Joong
Cormac McQuinn

Cormac McQuinn

THE solicitor who famously represented the protester dubbed the 'Anglo Avenger' won a bidding war for part of the bust bank's art collection last night.

Dublin solicitor Cahir O'Higgins purchased 'Basket and Vessels' by Stephen McKenna for €17,000, which was €9,000 more than the estimated minimum price.

And Mr O'Higgins successfully bid for four other McKenna paintings that once hung on the walls of the bank for sums totalling a combined €53,000.

Mr O'Higgins previously represented protester Joe McNamara, the Co Mayo developer who engaged in a series of high-profile protests against the bank.

Mr McNamara was found not guilty of of criminal damage in 2011 after he drove a cement truck, emblazoned with the slogan 'Toxic Bank Anglo' up to the gates of the Dail the previous year.

More than 100 people were packed into Adams Auctioneers' St Stephen's Green headquarters to bid on the bailed-out bank's art collection.

Mr O'Higgins would not say if he was bidding for a client or in a personal capacity.

He said: "It's a completely private matter. It's not something I'd talk about."

However, he confirmed that the bids at last night's auction had nothing to do with Mr McNamara.

The auctioneers estimated that the Anglo collection would make between €150,000 and €222,000.

The sale was being handled on behalf of Irish Bank Resolution Corporation (IBRC) special liquidator Kieran Wallace of KPMG.

Nine paintings by London-born artist, McKenna were for sale, going for a combined €79,000, more than double the pre-auction estimate.

Other notable artists to feature included Felim Egan, Sean Scully, Bernadette Madden and the late-Louis leBrocquy.

Irish Independent

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