The year ended on a high for Wexford auctioneer David Quinn when he sold a 14ac property in Coolycarney, Ballindaggin near Enniscorthy for €25,700/ac.
The property is designated as prime soil and is suitable for a range of farming operations.
It was originally offered in three lots – 1ac, 3.3ac and 9.7ac with a run-down house and yard – but as the auction progressed it became clear that interest was in the whole.
Bidding on the 1ac piece started at €5,000 and quickly rose to €11,000 where it was held.
The 9.7ac package opened at €80,000 and reached €130,000 after the first bid.
When the 3.3ac share was offered, it started at €30,000 and ended at €60,000 after the first bidding round.
A total bid of more than €201,000 would be required to remain in the competition.
Close
Originally offered in three lots, the 14ac piece sold at €360,000 or €25,700/ac for more than double its lead.
Originally offered in three lots, the 14ac piece sold at €360,000 or €25,700/ac for more than double its lead.
The punters did not disappoint and bids of €221,000, €231,000, €236,000 and €241,000 brought a breath of fresh air worth €40,000 between the whole and the lots.
Mr Quinn held items at €241,000 and reviewed the lots before contacting the seller.
A new bidder brought the 1ac property to €13,000; The 9.7ac also attracted renewed interest and a further €70,000 was added to bring it to €200,000. There were no further bids for the 3.3ac and the combined lots now totaled €273,000.
Returning to the room, Mr. Quinn reopened the bids for the total amount that now had to exceed €273,000.
It quickly became clear that the whole thing would work when the price rose from 283,000 euros to 308,000 euros “in no time at all”.
Mr Quinn gave the lots another chance but no ground was gained and he put the entire lot on the market for €308,000.
Three customers were included in the competition and stayed the course until the end of the auction.
Bids continued past the 350,000 euro mark until the hammer price finally fell to 360,000 euros or 25,700 euros/ac.
A local person with equestrian interests won the day.
https://www.independent.ie/business/farming/farm-property/leinster-farm-sales/bumper-25700ac-paid-for-14ac-wexford-parcel-42271830.html Bumper €25,700/ac paid for 14ac Wexford package
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