Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Davitt:

Well, I think the prices were times of great concern. The fees that auctioneers were making or earning at the particular time would depend how they were running their offices, where there offices were, were they on main street offices were they working from their car or what were they doing and the amount of staff they had to back it up because, obviously, everything it's about ... at the end of the day, it's about take home pay. Now whatever amount of take home pay you're able to manage to get out of your office depends on the, obviously, the cost, that you've got in it so really when the fees are large there's probably going to be a lot more cost, if the fees are small there's probably going to be less cost.