Updated: Dempsey Auction Co. sells ‘The Ranch’ for $1.1 million; Property at the heart of the state’s most sensational murder cases involving the death of Diane McIver and conviction of her husband, Tex McIver.

Updated: Dempsey Auction Co. sells ‘The Ranch’ for $1.1 million; Property at the heart of the state’s most sensational murder cases involving the death of Diane McIver and conviction of her husband, Tex McIver.

The heart of the 85-acre McIver estate to be sold by Dempsey Auction Co. in Eatonton on Aug. 4.

 

Eatonton drew a statewide audience today as Rome’s Dempsey Auction Co. auctioned off the “The Ranch”, a sprawling property at the center of one of the state’s most sensational murder cases involving the death of Diane McIver and sentencing of her husband, former attorney Tex McIver, from earlier this year. The property was sold for $1.1 million during today’s auction, according to Lou Dempsey with the auction company.

Bidding fittingly started at high noon on Saturday and the first bid was $700,000. By 12:15 p.m., it was over with all parties at the contract table.

Dempsey, along with Ahlers & Ogletree, auctioned the sprawling ranch and assets the couple shared. The proceeds will be shared by Diane McIver’s estate as well as her husband, now serving a life term. (AJC case background)

According to the AJC, during a short but spirited bidding period that took place at high noon in a white tent on the property’s rolling grounds, Joe Bakhtiari emerged with the winning $1 million bid. A resident of the Smoke Rise section of Stone Mountain, Bakhtiari said he envisioned the ranch as a relaxation spot for his large extended family, which includes his five brothers. Read more from AJC

“The Ranch” auction included:

  • 85-plus acres of “lush pasture and mature timber.”
  • 4,572-square-foot Victorian three-bedroom home with a Gunite/Pebble-Tec Pool
  • The “Noddin’ Down Saloon,” a 3,400-square-foot onsite entertainment venue complete with a saloon, living quarters and barn.
  • An exercise room and high-end wine cellar.
  • A pasture, two lakes, an equipment barn, riding pen and walker pen.
  • Click Dempsey for more on it.

Ahlers & Ogletree is handling the personal property, with that auction continuing through Sunday. What’s included:

“Offerings include luxury furnishings, antiques, fine art, rugs, decorative arts, and more. Details will be published as the sale date approaches. All items will be sold in a combination event including live auction and tag sale, the event being held the weekend of August 3-5, 2018. For information about the tag estate sale, please click here.”

Dempsey Auction Company handled last year’s auction of recovered property from the Floyd County Schools‘ theft case. Lou Dempsey says the opportunity at “The Ranch” came about in part because of the “win-win” for all sides from the school thefts auction. Mary Margaret Oliver, the court-appointed executor of Diane McIver’s estate, had heard of the Floyd Schools’ RICO case auction.

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