The advised minimum value on one of 5 properties owned by Michael Lynn (and co-owned by his wife Brid Murphy) in Sandymount was €1.85 million. There was no response from the auction floor this afternoon to an opening bid suggestion from Lisney’s of €1.7 million. The property was withdrawn from the auction and it may well be sold by private treaty in the coming weeks.
The commercial courts are the place to keep an eye on this for the results of the sale and also the subsequent division of the proceeds – and today we hear of a dramatic rise in the number of cases coming before the Commercial Court and Mr. Justice Peter Kelly. For those of use who watch the court diary it is no surprise and further analysis of this rise might note the numbers of cases taken in the past 4 months involving Michael Lynn and his various companies and also Thomas Byrne.
NB. For all posts relating to Michael Lynn on this blog please click here.
Maman Poulet » Have a Drink on Michael Lynn // Mar 20, 2008 at 22:19
[...] Posted by admin on 20 Mar 2008 at 10:19 pm | Tagged as: Michael Lynn Herman and Wilkinson hold weekly household item auctions in their auction rooms in Rathmines. Next Thursday the ‘extensive’ wine collection of fugitive solicitor Michael Lynn goes under the hammer in Dublin. The auctioneers have no idea what treasures await them. The wine was seized by the sheriff from his property in 20 St. Alban’s Park, the property which failed to sell at auction earlier this month. [...]