CROWD PULLER: The auction of the Thompson estate
CROWD PULLER: The auction of the Thompson estate

History under the hammer



LOOKING more like a car park than a cattle holding, historic riverfront farm 116 McLennan's Lane, Waterview, was packed with bidders and onlookers on Saturday when it was sold under the auctioneer's hammer for a record price of $590,000. Around 150 people, almost exclusively Clarence Valley locals or their relatives, were on site when the historic estate, which last changed hands dur- ing World War One, was knocked down to a local farming family. All of the seven main bid- ders were either current or past locals and many came from long farming backgrounds on the Clar- ence. The holding, which includes nearly 300 metres of Clarence River frontage suitable for boating and fishing, was the estate of the late W Thomp- son and many representatives of the Thompson family were at the auction. One Thompson daugh- ter reminisced fondly of her memories of the farm 'that fed the whole family in the 1950s', running 35 dairy cows as well as corn and other crops. The estate's executor, Alan Davidson, also showed an emotional side during a brief address to the crowd prior to bidding. "Whatever you pay today is going to seem real

cheap come this time in a few years," he said. Auctioneer Steve McKimm, of marketing agents McKimm's Real Estate, said the auction was the most heavily attended the agency had experienced since the boom years of the 1980s. "I counted about 60 cars 20 minutes before we started," Steve said immediately after the sale. He said that although the price was a record ? it equates to about $13,500 per acre ? it made the region seem quite affordable when compared to other markets.



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