Auctions

EURO AUCTIONS - QUINTO CRANE SALE RESULT IN STRONG PRICES

Euro Auctions, appointed by Price Bailey to dispose of the assets of Quinto Crane & Plant Ltd, saw prices hit expected highs as a much-anticipated catalogue of cranes recently went under the hammer with a sale total of £5.12m.

Attracting pre-sale interest from across Europe and the Middle East, 387 lots went under the hammer, attracting over 600 registered bidders, and of those registrations close to 200 were first time registrations with Euro Auctions, showing how strong the market interest was in this sale. With 50% of bids coming from the floor on the day and 50% being placed online, bidding was brisk as it always is with crane assets, but it was the home market that bid harder and stronger that the rest of bidders registered for this sale. The UK, Europe and the Republic of Ireland winning 99% of all lots on the day and notable strong bidding countries were UK, Republic

Colin Henson, Quinto founder, David Betts of Euro Auctions, Trevor McCadden,Matt Howard of Price Bailey, and Ivor Read, Quinto founder.

of Ireland, The Netherlands, Germany, and Poland. David Betts, of Euro Auctions comments: “This was another pivotal off-site sale for Euro Auctions. We are delighted that Price Bailey chose to put their faith in us for this sale, based on our experience in disposing of crane assets, in addition to our extensive experience in conducting disposal sales and through our global network of buyers and consignors. Prices were strong, there was a great deal of international interest, and all lots went for good money.” “One nice touch on the day of the sale was the award given to Trevor McCadden, who had worked for Quinto Crane Hire for 42 years. Trevor is 71 years old and has worked for the business as a crane driver since 1980, and the day of the sale was sadly his last day. Trevor was truly helpful in the setup of the sale and the team at Euro Auctions, Quinto and Price Baily presented Trevor with a framed photograph of him at work with the caption stating he was ‘The World’s Best Crane Driver’ which was a fitting climax to the day.” Concludes David Betts. Matt Howard, Head of Insolvency and Recovery at Price Bailey, said: “We are delighted to be working with Euro Auctions on this disposal and their experience in the crane and heavy lifting sector was invaluable. With sales like this having good industry knowledge is crucial and working with a valuer and auction specialist that can make this work seamlessly, and without fault is imperative for realising the best value for all assets going under the hammer. Everyone worked hard to ensure that the assets were presented and marketed in the best possible way and the extensive preparation was reflected in the success of the day”.

EURO AUCTIONS APPOINTED TO CONDUCT SALE FOR PARKER PLANT HIRE LTD

Parker Plant Hire Ltd has instructed Euro Auctions to catalogue, value and dispose of its ex-hire construction plant and agricultural machinery in a one-day sale at its premises in South Wales.

Parker Plant Hire Ltd is to sell off all of its construction plant and agricultural machinery in order to concentrate on continuing to develop their site welfare, portable accommodation, toilet hire & servicing, as well as the tool hire and consumable sales business. The entire fleet of construction plant and agricultural machinery is to be sold at a one-day, unreserved auction, at the business’s premises in Llanelli, South Wales on Tuesday 13th September 2022. Over 500 lots, ranging from 2007 to 2020 will go under the hammer and will include multiple machines including Excavators, Dumpers, Telehandlers, Rollers, Tractors and Forklifts. In addition, there will be a good compliment of trailers, excavator attachments, small tools, lighting towers, sweepers, breakers, compressors, generators, and various size water and fuel bowsers. Director, Charlie Perry explains the reason for the sale, “The decision that my co-director, Barry Williams, and I have taken to sell the plant and associated equipment from our construction and agricultural machinery business is part of a strategic plan to grow the portable accommodation and welfare business both in Llanelli and at our new depot in Reading. “Our investment will include new towable and static welfare cabins, new anti-vandal cabins, stores, and toilets, as well as introducing new generator technology and renewable energy systems to power all our cabins, plus updating the delivery fleet. The staff within the business will remain in post, and that dedicated team will remain at the Llanelli and Reading depot and be instrumental in the continued development of the business.” David Betts, of Euro Auctions and manager of this sale comments: “I have known Parker Plant Hire and its associated business for many years. The inventory for this sale is bound to pique the interest of buyers in the contracting sectors, as on sale is a good solid compliment of wellmaintained equipment. With equipment ranging from 2007 to 2019 plate machines and in excellent overall condition, this sale will draw much attention from bidders looking to re-stock their own businesses, as well as buyers of single items, so this sale will have something for everyone.” To see the full inventory, please visit the Euro Auctions website www.euroauctions.com