Reports today indicate that the Commission on Auctioneering has recommended that the government set up and independent regulatory body to supervise the practices of auctioneers. The conclusion that auctioneers should not simply regulate themselves is to be welcomed.
Speaking on RTE news, I said that the Commission’s conclusions are fine in principle. But the remedies are not as radical as they should be:
I’m very disappointed with the solution which they have proposed on guide prices. If the proposal as it stands is implemented, it won’t provide a solution at all.