Success for construction equipment auction
First publishedon www.WorldHighways.com
Euro Auctions’ May sale in Dormagen, Germany, saw 1,400 lots (30% up on the February sale) go under the hammer, with 20tonne-plus hydraulic excavators being the most popular type of machine sold.
Over 250 Internet bidders registered, and Internet bids were placed on 71% of lots with 27% of all final successful hammer bids being received electronically.
The total number of lots offered at Dormagen approached the volumes achieved last autumn, which is regarded as the most popular time to upgrade existing plant.
The number of sellers increased by 16%, and buyers from over 40 countries were represented at the sale, with 25% of the 400 registered buyers being based in Germany. There were also a noticeable number of first-time German registrations.
Much of the equipment sold will remain in Germany. The Netherlands, Poland and Russia also proved to be the new homes for a significant amount of the plant purchased.
Euro Auctions also regularly holds plant and equipment sales at Leeds, UK (the recent record-breaking sale saw a post-sale total of £24.1 million/€28 million) worth of assets sold in three days); Valencia, Spain; and at its home base, Dromore, Northern Ireland.
Plant, machinery and equipment entries for the next Dormagen sale on 15-16 September, 2011, are already being received.