Increasing economic indications are that the construction sector is picking up and this resurgence in demand has been particularly evident at several of the recent auctions held by
At a three-day event in Leeds, northern England, in late August, almost 4,000 lots went under the hammer, the highest number sold at its Leeds auctions to date, achieving over £26.6 million (€32 million).
“Due to its popularity, a large number of rolling stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the number of vendors, bidders and first time buyers from across the globe were all up and a fifth of all sales were secured via internet bids,” says the company.
The auction in Dormagen, Germany in early September also demonstrated encouraging results with the overall hammer price increasing on the previous sale to €7.28 million. The overall number of lots sold was up too, selling the highest number of lots sold at any Euro Auctions Dormagen auction. There was a significant increase in the total number of bidders and buyers participating in the auction, with over 50% of bidders taking part via Euro Auctions’ free internet bidding service.
“The global appetite for good quality, used equipment is definitely on the up, and this is reflected in what is now coming to auction. And we are ideally placed to meet this demand from our operations around the globe,” says Euro Auctions’ Jonnie Keys
Results for the recent sale in Valencia, Spain are not available at present although the company has upcoming auctions scheduled in Dromore, County Tyrone, Northern Ireland (4 and 5 October); Leeds, UK, from 23-25 October; Dormagen, Germany (14 and 15 November), and Valencia, Spain on the 27h November. Auctions are also scheduled in Atlanta, USA on 16h October and Brisbane, Australia on 7h November.
