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Irish Times
05-07-2025
- Business
- Irish Times
How to bid wisely at auctions: ‘An emotional decision is rarely a wise decision'
Bidding at auctions used to sometimes be like a game of smoke and mirrors, as various parties would feign a lack of interest in certain items until the moment when they decided to pursue something vigorously. The auctioneer needed to be well versed in the various bidding styles as individuals would raise a finger or a catalogue or even touch their ear as a gesture to indicate they were bidding on a certain item. Nowadays, with online auctions to the fore – either live or timed – the bidding game has become a more subdued affair. Watching screens doesn't quite replace the frisson of excitement in a room full of people competing to buy a piece of furniture or jewellery or a painting. 'We find that timed auctions are working extremely well for us,' says Robert Usher of Usher Auctions in Kells, Co Meath. We are getting very positive feedback from long-time auction goers and clients about how the timed sales allow them a lot more ease of bidding, while never missing a lot. We have exponentially increased the number of bidders by having our auction online,' says Robert Usher, of Usher Auctions in Kells, Co Meath. Its timed antique and collectible auction is now live, with bidding ending from 6pm on Monday, July 7th. Moonstruck, a ceramic sculpture by Kells-based sculptor Ann Meldon Hugh (€300-€500) at Usher's timed online auction In a timed auction, each lot has a specific finish time. 'So lot 1 will close at 6pm on Monday, and each lot will finish 15 seconds after that,' says Usher. If you are interested in a piece, you can bid early and leave a maximum bid. If your highest bid at a point when the item is timed down is lower than your maximum bid, you will get the piece for that price. READ MORE 'If the item goes over your maximum bid, you are out of the game. But you will get an email to say that you have been outbid. And at that point, if you are keeping a close check on your email, you can rejoin the bidding by setting another maximum or making a one-off bid.' Alternatively, prospective buyers can wait until the last five minutes before the item is timed out and bid then. 'It gets very busy at this point, but if there are a few bidders, the time is extended by five minutes to allow underbidders to come back in,' says Usher, whose auction includes furniture from Glendalough House in Co Wicklow. The only risk with this approach is that if you are interested in another item very close in the catalogue, you might miss it unless you have put in an early bid on it. The other form of online auction is the live online auction, where the auctioneer is on the rostrum with his/her gavel, proceeding through the lots in the same way, except without a roomful of people bidding. Diamond 46-stone tennis bracelet (€8,000-€12,000) at Matthews Sapphire and diamond cluster set link bracelet (€4,000-€7,000) at Matthews Art Deco diamond round cut bracelet (€20,000-€30,000) at Matthews Diamond pave clutter set bracelet (€12,000-€18,000) at Matthews Damian Matthews, also in Kells, Co Meath, is holding a two-day online auction of jewellery, gold, silver and silver bullion on Sunday, July 6th and Monday, July 7th. As well as a great selection of rings, silver and pocket watches, the auction includes some fine bracelets. These include a diamond 46-stone tennis bracelet (€8,000-€12,000). This simple yet sophisticated bracelet was previously known as a diamond line bracelet or eternity bracelet until tennis champion, Chris Evert, broke hers during the 1978 US Open. Evert paused the game so that she could retrieve the scattered jewels, and since then, the understated yet stylish piece of jewellery has been called a tennis bracelet. As you can imagine, people often do get carried away if they are particularly drawn to a piece of jewellery, but Matthews's advice to potential buyers is to keep their emotions out of the transaction. 'An emotional decision is rarely a wise decision. When bidding at auction, try to dissociate yourself emotionally, otherwise you're playing the auctioneer's game,' he says. 'And at the end of the day, the auctioneer works for the vendor, not the buyer.' He also advises people to bid slowly so as not to make any mistakes. 'Watch the form, listen to what is being said and how many bidders there are,' he says. Lola Hynes from O'Reilly's Auction Rooms on Francis Street, Dublin, says attending an auction in person is still preferable. 'Our live online auctions are open to the public and if you are in the room, you can offer a smaller increment when bidding than the increments programmed into the computer,' she says. 'There is also the human element, as auctioneers like real people in front of them.' Buyers also need to be aware that the hammer price – the amount the piece is sold for at the auction – is not the final price, as auctioneer's fees are then added to the price the buyer pays. Usher says that auctioneers' fees for buying and selling don't vary too much. Generally, for buying, he says they are between 18 per cent and 22 per cent plus VAT, admin, etc. For selling, fees are between 10 per cent and 18 per cent plus VAT and other fees, depending on the auction house. Most auctioneers do however advise people to go see the items in person before an auction, rather than just relying on online catalogues. 'There is a great atmosphere in the auction rooms in the days before an auction. We are there to help answer questions about estimates and reserves [when an item won't be sold below a certain price],' says Usher. He also believes that viewing items beforehand can give people a greater sense of which items might work well together. 'It's about looking at each item, thinking about what it's worth to you. There is no ticker tape for auctions,' says Matthews. , , What did it sell for? Princess Diana's 'caring' dress. Photograph: Joe Maher/Getty Princess Diana's 'caring' dress Estimate $200,000-$300,000 Hammer price $520,000 (€445,000) Auction house Julian's A display including Princess Diana's peach straw archer-style hat by John Boyd. Photograph: Aaron Chown/PA Photos Princess Diana John Boyd straw hat Estimate $20,000-$40,000 Hammer price $26,000 (€22,000) Auction house Julian's Princess Diana Falcon Evening Gown, left. Photograph: Aaron Chown/PA Princess Diana Catherine Walker falcon evening gown Estimate $200,000-$300,000 Hammer price $455,000 (€388,000) Auction house Julian's Venice, the Return of the Bucintoro on Ascension Day, Canaletto. Photograph: Fine Art Images/Heritage Images/Getty Venice, the Return of the Bucintoro on Ascension Day, Canaletto Estimate £20m-plus Hammer price £31.9m (€37.2m) Auction house Christie's
Agriland
09-06-2025
- Business
- Agriland
MREF slams limit on TAMS applications in future tranches
The announcement that limits may apply to the number of applications under the Targeted Agricultural Modernisation Scheme (TAMS) in future tranches has been criticised by the Micro-Renewable Energy Federation (MREF). Minister for Agriculture, Food and the Marine Martin Heydon said over the weekend that, as TAMS is a demand-led scheme with a defined budget, it may be necessary to limit the number of applicants per tranche through ranking and selection criteria going forward. However, the MREF said that such a move could have 'a significant damaging impact on the ability of commercial farmers to reduce their carbon emissions and energy costs'. Kieran Kells, the chairperson of the MREF, said that the 60% grant support available under TAMS for on-farm solar PV panels and infrastructure is a 'massively valuable necessary support measure', and that farmers have 'increasingly bought into investing in solar PV to reduce their energy costs and carbon emissions'. 'It is very disappointing to hear that the government is signaling plans to restrict eligibility in future tranches of TAMS solar PV supports. 'This is a retrograde and negative step that will undermine Ireland' ability to meet its climate action and emissions reduction targets,' Kells said. According to the MREF, the current eligibility and ranking criteria for applications should be abolished, or at a minimum reviewed and updated to ensure that they prioritise and support all farmers who need and use energy in their business. The MREF chairperson said that a recently published assessment by the Environmental Protection Agency (EPA) of Ireland's progress towards meeting greenhouse gas (GHG) emissions reduction targets 'is a sobering read'. 'If the minister now restricts supports for farmers investing into renewable energy, it will be seen as an incredible own goal by the government,' Kells said. He added: 'Ireland is facing billion of euros in costs and fines for failing to meet our climate change targets. 'The minister needs to ensure there is unrestricted support for farmers investing into renewables if he is serious about helping farmers decarbonise and help the country meet its challenging climate change targets,' Kells said. TAMS applications The minister also confirmed over the weekend that 100% of eligible applications received under tranches 6, 7 and 8 of TAMS have been approved. Tranche 6 closed to applications on March 7, 2025, with 4,931 applications received across the 11 schemes. Tranche 7, the emergency tranche which was opened in response to Storm Éowyn, closed for applications on March 28, with 1,945 applications submitted in respect of the agreed emergency investments, including back-up generators; sheep, bovine and equine fencing; wood and biomass chippers; and mulchers. Tranche 8 closed on Friday with approximately 5,000 applications received. Tranche 9 of the scheme is now open.
Yahoo
28-01-2025
- Sport
- Yahoo
Milford Athletic Hall of Fame will induct three new members in 2025 class
The Milford High School Athletic Hall of Fame will add three new members with its 2025 class. The Hall of Fame's committee announced that Kayla (Gregory) Gresh, Cameron Kells and Dave Meranda will be inducted before Milford's boys basketball game on Jan. 31. Gresh, a 2014 graduate, was twice named the Eastern Cincinnati Conference Player of the Year and was three times honored as an All-Ohio selection. Gresh helped Milford to its first conference title in softball as a senior. She finished with a career average of .470 with 183 hits, 50 doubles, 148 runs scored and 84 runs batted-in. She went on to a collegiate career at Bowling Green. Kells, a 2019 graduate, was a two-time All-ECC pick and was the Offensive Player of the Year as a senior. Also as a senior, Kells was second-team All-Ohio and first-team All-Southwest District when he ran for 1,607 yards and scored 33 total touchdowns. In 2018, he had a school-record performance with seven touchdowns against Anderson and later had the winning touchdown to beat Fairfield for Milford's first playoff victory. Finally, Meranda was selected as a contributor to the school's athletic programs. Meranda served over 20 years as president of the athletic boosters board and was instrumental in fundraising in programs such as the turf installed at Eagle Stadium. Dave and his wife, Kathy, were financial contributors to Milford's new fieldhouse which has the Meranda Sports Complex name. This article originally appeared on Cincinnati Enquirer: Milford Athletic Hall of Fame will add three new members in 2025
