MANUFACTURING 1, 2, 3, 5

SALE BY ONLINE AUCTION

Auction by order of the Administrators of Turbine Efficiency Ltd

Assets to include:

• Hodge Clemco shotblaster and Burnish System • Enviraclean Shot blasters • Schenck balancer • Various gantry and jib arm cranes • Maintenance equipment • Tooling & Tool Boxes • Office Furniture • TV Monitors • Access, Handling & Lifting Equipment • Turbines and associated service parts and spares Plus many more

Sale Location: Lincoln, UK Viewing Day: Tuesday 1st March 2022 (by appointment only) Auction to Close: From 10am Thursday 3rd March 2022 Auction Clearance: 7th-12th March 2022 (by appointment only) For registration, catalogue and bidding: www.disposal.eurovals.co.uk

All assets subject to availability All bids will be subject to 15% buyers premium and 20% VAT This sale will be conducted strictly following the government guidelines surrounding the Covid 19 Pandemic and we will monitor guidance as it develops

For further information or any queries: email sales@eurovals.co.uk or call 0121 236 9992

V I E W Euro Auction, Leeds, UK The first sale of 2022 starts with a BANG!!!

At the first sale of 2022 the team at Euro Auctions, Leeds, amassed a truly impressive inventory of new to 48 month old machinery in addition to attracting one of the largest registrations of bidders. At Europe's largest auction site for used construction and agricultural machinery, market confidence was high at the recent Euro Auctions four-day sale in late January, at their Leeds 'flag ship' site. Providing buyers with no shortage of excellent quality equipment and machinery, during the four days over 4,600 lots went over the ramp, with a hammer total for the sale at just under £39 million. The sale was well attended, with the largest physical crowd attending since pre Covid times, showing the optimism that exists in the marketplace. 30% of all successful bids were from buyers on the floor, on the day, with the remaining 70% of sales coming from internet bids from registrations in 97 countries. However, the hunger of the home markets was evident with 60% of all successful bids coming from the home shores of the UK and the Republic of Ireland, and 96% of all successful bid coming from the UK and Europe alone. However, such is the demand for good clean and late machinery, the global audience always has interest in this sale, with world buyer registering to bid, but the home market was more determined, bidding harder and ensuring the majority of equipment stayed local. In a market depleted of good new stock, buyers were eager to purchase good late, low hours equipment, and multiple compliments of new to 48 month old machines were evident and in high demand, creating a real buzz with bidders at this sale. Approved bidder accounts at Euro Auctions sales continue to increase, with this sale being no exception. Over and above the sale in December 2021 the number of first-time bidder registrations increased by 20% with 25% of those first-timers buying at this sale, showing the Euro Auctions brand continues to attract new customers.

Top Buyers - by world region:

This was a home market sale, with UK and European buyers bidding hardest.

United Kingdom £18.89 million 48.00% of total Europe £18.86 million 47.90% of total Middle East £617,000 1.58% of total South America £111,150 0.29% of total Africa £256,410 0.66% of total

Rest of the World £212,301 1.57% of total With Covid restrictions still in place, this sale was a physical auction, as well as being conducted live and 'online' via the roust bidding platform the Euro Auctions operates. This now popular format gives buyers the chance to view machines for sale and then bidding via the internet, with a Timed Auction taking place on the last day of the sale.

Market Trends

Chris Osborne, Euro Auctions Sales Manager comments, "There is always a pattern to every Euro Auctions sale. This sale was very different to any of the Covid sales we have conducted in the last 18 months for a number of reasons. Prices were strong, with the same number of lots going over the ramp as in January 2021, however at this sale the hammer was £39m, an increase of over £10m over the January sale in 2021. Clearly bidders were determined to purchase new stock."

"The prices achieved for 'telehandlers' and 'minidiggers' were literally on-fire, with 17 and 18 plate machines making close to new money. With good stock on offer in the 2018 to 2021 bracket there were over 123 Excavators and 22 Telehandlers less than four years old. With OEMs passing three price increases to their dealers over the last 18 months this has had a startling effect on the price of used machinery. There were many gems making very good money, with hot bidding for telehandlers and mini diggers. Of all the equipment sold, here are my considered 'top picks' of a few of the best performing lots in the sale" reports Chris Osborne.