Most people, when they hear the word
'auction', they automatically think of land or property but licensed auctioneers
are actually involved in selling a host of other stock - including livestock -
for a range of private and commercial sellers.
Here at Kinsella Estates, we have been
involved in the auction business for almost 50 years from our base in the South
East. While we now have offices in Carnew, County Wicklow and Gorey, County
Wexford, we acquired a yard in Carnew
back in 2010 especially for our furniture, plant and machinery auctions. When
we use the term 'Plant',
we are referring mainly to heavy duty building or construction equipment, while
'Machinery' is generally made up of farm equipment.
During the recession and throughout this
stage of recovery, we got repeated requests from businesses who needed to we sell off machinery,
plant and trade tools in order to raise or recoup money. On the
basis that Kinsella Estates had its origins as part of a livestock mart going
back many decades, we have extensive experience holding auctions. Perhaps more importantly, our contacts and relationships
within the local farming community mean that we can attract the right bidders
on the day!
Typically
where a group of farmers get together in an area and request us to sell
machinery on their behalf, we would invite outside lots with the permission of
the relevant parties. At previous
auctions, we have offered a number of lots for sale on behalf of seller clients
but other sellers also brought along their own lots that they wished to sell on
the day.
Another
example of the type of non-land auction activity we are involved in might be
for farm contents (separate to selling the farm holding itself). Over the years we have sold many farms and the
vendors or beneficiaries often request that we sell the farm contents.
A
successful auction has, at its heart, the right bidders in attendance. This is where our experience and network of
contacts add value. We target our
advertising to reach the relevant audience.
This involved a mix of newspaper advertising, signage, an email/text
campaign and the all-important word of mouth. We attract a large volume of crowds from all around the country. We
are proud to have significant repeat business from both buyers and sellers.
Our auction team consists of licensed auctioneers,
clerks, office/accounts administration
and yard men.
How it works on the day:
1. Purchasers
will have the option to view the equipment and machinery the day before the
auction up and until such time as it goes under the hammer.
2. The
auction itself might start at 11am but there is no pre-determined end time. Any auctioneer worth his (or her) salt will
stay selling as long as the goods are there to sell bidders remain! Certainly,
there are peak auction times in the mid-afternoon but serious bidders will hang
around.
3. Once
the equipment is sold the clerk sends his/her information to the office
administrator. The purchaser can then go to the office to
pay.
4.
The purchaser will receive a 'passout' (proof of purchase) which is
given to the yard men to verify that the equipment has been paid for and can be
removed from the yard.
5. After
sales: We will always have an aftersales
team member available on site in case there is equipment which did not meet the
reserve price, which we may sell after the auction.
We know the importance of attracting the
right bidders so when we are planning a date for an auction we always ensure
that there is no other auction on that same day within a 50 kilometer radius. While
that might seem excessive, our experience tells us that potential buyers do
travel from all over to attend same. Of course, we also take into consideration
the peak calendar months for a typical farmer. For example in Spring lambing
season and sowing season, the same follows through for harvest.
For specific queries or to speak with a local property expert
about your buying and selling needs in Wexford, Wicklow and surrounding areas,
contact Michael, Alan or Eileen Kinsella at www.KinsellaEstates.ie
.
