Auction success in Europe
First publishedon www.WorldHighways.com
Euro Auctions claims its latest sale in Germany has been a major success. The firm says that its recent Dormagen sale on 12th-13th May saw 1400 lots go under the hammer, none of which had fixed reserves. The most popular type of machine being sold was the 20tonne (and over) hydraulic excavator. The company says that a growing trend in this sector is for internet bidding with interest doubled over the previous sale. In all over 250 internet bidders registered. Internet bids at this sale were also placed on over two thirds (71%) of lots and over a quarter (27%) of all final successful hammer bids being received electronically.
The total number of lots being offered at Dormagen this time was up 30% on the February sale and approaching the volumes achieved last autumn, which is regarded as the most popular time to upgrade existing plant. The overall number of sellers was also up by 16%, with an ever growing number of German companies entering equipment into the sale. Buyers from over 40 countries were represented at the sale, with a quarter (25%) of the 400 registered buyers being based in Germany. There were also a noticeable number of first time German registrations, highlighting the growing interest in Euro Auctions sales; and much of the equipment that went under the hammer is destined to remain in Germany.
The Netherlands, Poland and Russia also proved to be the new home for a significant amount of the plant purchased. In addition to activities at Dormagen, Euro Auctions regularly holds plant and equipment sales at Leeds in the UK and Valencia in Spain, as well as its well established sales at its home base of Dromore in Northern Ireland. Plant, machinery and equipment entries to be included in the next Dormagen sale on 15th-16th September are already being received.