PUBLISHED: 15:38 07 February 2008 | UPDATED: 21:22 31 May 2010
Great Dunmow s Chequers Lane auction room is being sold to the highest bidder. Co Trustee Clive Welch has told the Dunmow Broadcast that with much regret the auction rooms will be put on the market and any successful purchaser will then be left to decide
Great Dunmow's Chequers Lane auction room is being sold to the highest bidder. Co Trustee Clive Welch has told the Dunmow Broadcast that with much regret the auction rooms will be put on the market and any successful purchaser will then be left to decide the future of the site.
The Great Dunmow sale-yard site has been in the family's ownership for more than 100 years, and was placed into a family trust by Clive's father John Welch shortly before his death in 1994.
Mr Welch said: "At the time the trust was set up, it was not envisaged that the secure tenancy relating to the site would ever be given up."
Mullucks Wells estate agents and auctioneers held the
tenancy at the site before announcing in November last year that they would no longer be using the ancient rooms after a drop in profits.
Mr Welch said: "Now that the tenancy has been given up, I, as a co trustee have an obligation to look after the best interests of the trust members, and we have decided to place the saleyard on the market with the proceeds of any sale going to the beneficiaries."
The old auction room is in a prime location near to the centre of town with ample parking surrounding it, which could make it a target for developers.
Mr Welch revealed that he didn't blame Mullucks Wells for the auction rooms closure and subsequent sale, he said: "I understand the financial reasons for the Directors of Mullucks Wells as the day to day running costs continued to rise, and its getting harder and harder for salesrooms of our size to source the top end antiques and paintings which are necessary to make a business such as this show a realistic profit. A lot has changed in the business world in the past 14 years."
Mr Welch said that he will personally miss not taking the auctions in Dunmow anymore, he said: "I will miss all the acquaintances and friends I have made over the last 30 years. My memories start as a small boy on my fathers shoulders making a very bad job of trying to sell poultry in the days when we also ran the livestock market."
In keeping with the tradition of the family Mr Welch said he was delighted to have his 11 year old son Peter working alongside him at the final antique sale in November last year.
Mr Welch will continue a career as an Independent Valuer for insurance, probate, and family division.