Seanad debates
Wednesday, 28 May 2003
Auctioneering Profession: Motion.
Guide prices are a complete nonsense. They are used as bait. I love the supplements on Thursday in The Irish Times and on Wednesday or Friday in the Irish Independent because they cater to my snooping instincts. I am able to look at other people's houses to see what they are like and how much they cost. It is terrific fun. However, sometimes the guide price for magnificent houses is set at next to nothing. We all know it is bait to get the nincompoops in so that there will be a big auction and people will bid. We all know that there have been instances where auctioneers have introduced people in the back of the room to bid a property up. That is a bad practice.
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