auctions & used plant
EURO AUCTIONS ACHIEVES BIGGEST EVER SALE Following the news that the merger with Ritchie Bros will not happen, Euro Auctions, Leeds, produced the biggest sale in its history with 5,500+ lots and a hammer of £45.3 million The results of the recent four-day sale at Europe’s largest auction site showed that market confidence is still high, and Euro Auctions is still able to source and bring to Leeds an abundance of excellent quality equipment and machinery. With over 5,500+lots going under the Hammer, the sale finished at just under £45.3 million, which is an all-time record for the Leeds site, combined with large numbers of onsite and online bidders, the sale showed the marketplace still regard Euro Auctions as Europe’s number one. When compared to the same sale 12 months ago, this sale was 14% up on the same auction in April 2021, with bidders from 86 countries registering for this sale. In all 571 vendors from 23 countries sent equipment to the sale. Almost 4,000 bidders registered for the sale of which 477 were first time registrations, and 16% of those first-timers were successful in purchasing on the day. As usual there was a buzz on the bidding floor on the day with bidding being carried out onsite, online and as is growing more frequent a combination of both with people visiting before and during the auction and then bidding online. Sales totals were almost equally split between the UK market and overseas. “Euro Auctions has had a great start to 2022 with the auction hammer at this latest sale up some 20% from same period in 2021, and with auction revenues up 15%, our Leeds site has recorded its largest ever sale,”
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PLANT & CIVIL ENGINEER
reports Euro Auctions General Manager Jonnie Keys, “We are also seeing the return of the off-site auctions, where auctions take place at the sellers location, which had disappeared during the covid period and have already conducted 3 so for this year with a number already in the pipeline for later in the year. This has been particularly pleasing as this has seen an increase in the Agri sector with 2 Agri contractors trusting us to successfully dispose of their equipment. This period has also saw staff numbers grow 6% from last year and the launch of new auctions functions with the recent launch of the Virtual Equipment inspector.
MARKET TRENDS
“Going forward we will continue to do what we are good at, in treating both buyers and sellers equally and fairly and conducting transparent unreserved auctions which our loyal customer expect and depend on as we look to increase our worldwide customer base going forward.”
“There were many gems making very good money. Articulated Dump trucks stood out as making particularly strong money across the board, with mini diggers also strong. Of all the equipment sold, here are a few machines that caught my eye and I consider to be my ‘top picks’ of the best performing lots in the sale.”
Chris Osborne, Euro Auctions Sales Manager comments, “We knew this was going to be a big sale as the yard at Leeds was close to capacity and we are still consigning good late, low hours equipment, and multiple compliments of ‘new to 48-month-old’ machines. “The equipment is out there, and we are finding it! With high demand from the market, prices were strong at this sale, and over the same auction 12 months ago demand was higher, prices were better, the levels of stock for sale were greater and demand from around the world was more evident.
