Auction success in Europe

Euro Auctions claims its latest sale in Germany has been a major success.
February 29, 2012 Read time: 2 mins
214 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.
Finance & Funding

For more information on companies in this article

Related Content

  • Higher productivity, lower cost asphalt plants
    February 14, 2012
    Manufacturers are producing innovative asphalt equipment, and operators are benefiting from this as Patrick Smithreports. Asphalt plant manufacturers and operators are understandably placing great emphasis on higher productivity but with lower costs. At the same time they are aware of environmental issues and the ever-increasing use of recycled material in mixes.
    Read More
  • New bridge is spanning China’s Yangtze River
    June 28, 2013
    There is massive development in design and construction of bridges in China and the Yingwuzhou Bridge over the Yangtze River is one key project – Mike Woof reports, with assistance from Route One’s Chinese publishing partner *CMTM Called the Mother River, the Yangtze is a focal point for China politically, economically and culturally. The river has been at the heart of China’s development for millennia, its history stretching back as far as the dawn of human civilisation. The name Yangtze, or Yangzi, is its
    Read More
  • Building New zealand's landmark tunnel
    February 15, 2012
    A landmark tunnelling project is commencing in New Zealand - Kristina Smith reports. New Zealand is preparing to embark on its biggest transport project ever. In August it announced that it had selected its preferred bidder for the NZ$1.4 billion Waterview Connection in Auckland, 5km of new motorway connecting highways to the North and South of the city.
    Read More
  • CECE Summit 2018: Single-minded towards a single market
    November 22, 2017
    This year’s theme at the CECE Summit in Brussels was Industry and Politics: a historic transformation process The EU’s internal market must become truly a single market as well as a digital one. But there are storm clouds on the horizon. Europe’s single market is either threatened by political events of the past several years or about to become more secure because of it. That was the nub of an impassioned economic forum panel discussion.
    Read More

Highlighted Content