Saturday 20 January 2018

Man who bought entire Central Bank contents admits he was 'a little mad' but hopes to make six-figure sum

Ireland's former Central Bank in Dublin
Ireland's former Central Bank in Dublin

Daniel O'Connor

A man who bought the entire contents of the former Cantral Bank building admits he was a "little bit mad" to do so.

Antiques expert Niall Mullen called his haul of almost 5,000 items from the Dame St building an "opportunity" and says he hopes to make a six-figure fortune from his investment.

The thousands of items Mullen snapped up ranged from desks and chairs to computer equipment and filing cabinets, it took 22 trucks 24 days to move the lot.

Speaking to Seán O’Rourke on RTÉ Radio One, Mullen said: "It’s not antique, it’s an opportunity which I see possibly making some money but it would take someone a little bit mad like me to do it.

“I thought, here’s an opportunity. It’s an iconic building and there is a story here.”

All of the items have now been moved to the Heritage Complex, Killenard, Co Laois where they will be auctioned off on May 30.

When asked about whether he believed The Central Bank were right in making the decision to sell all of the contents to one individual, Mullen explained he thought that he was the right person to purchase them.

Mullen said: “You can cherry pick items in anyone’s house so that there would be good items and then you’d be left with not so good items and you have to go through the process of getting rid of all of that.

“If you employ a professional company in Dublin to do it, it's going to cost a lot of money, so I assume the analysis was done that it was better to do it this way.”

Read More: 5,000 ex-Central Bank items to be auctioned in one of Ireland's biggest sales

Although he is bound against saying how much he paid for the collection, Mullen says he is hoping to make a six-figure amount from the entire auction.

“It’s a bit like the person with the diamond; I’m dreaming that I bought it and I’m going to sell it for a fortune.”

“This is the last opportunity for this kind of auction. Modern-day offices are paperless, they don’t have filing cabinets. There won’t be a sale like this again.

“There are no reserves, everything must go.”

The public are invited to a viewing of the items this weekend at the Heritage Complex, beginning at 12pm on Friday.

Included in the thousands of items available are pieces of original furniture designed by famed Irish architect Sam Stephenson.

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